Microfinance Industry News

Combined microcredit portfolio of all lenders as on 31 December, 2018, was ₹1,57,497 crore The report is based on data provided by 124 microfinance institutions

Arohan Financial will use the funding from promoters Aavishkaar-Intellicap and others to strengthen its capital adequacy ratio to expand in the 10 low-income states it is currently present in, says MD Manoj Kumar Nambiar

RBI has proposed that banks meet their priority sector lending targets through co-origination of loans with NBFCs

'Micro-Meltdown', written by SKS Microfinance founder Vikram Akula, once the poster boy of Indian microfinance, is a gripping tale of what it takes to build a world-class financial institution and how to destroy it

Kedaara Capital's investment is a first by a mutual fund in microfinance firm Spandana Sphoorty since it exited corporate debt restructuring

Centrum Capital has acquired FirstRand Bank's microfinance business in India to start Centrum Microcredit, which received RBI licence to start its own microfinance business on Wednesday

Microfinance companies raised merely Rs726 crore through the sale of asset-backed securities in the third quarter compared to Rs3,498 crore in the September quarter

Around 1.26 million microfinance borrowers with top-up loans have an average loan exposure of Rs45,400, much higher than the national average of Rs22,000

Microfinance firm Disha Microfin is in the process of applying for final approval from RBI and expects to launch a bank in April 2017

2016's black swan events, such as demonetisation and Donald Trump's rise, are certain to impact India's banking sector in 2017, bad loans and new banks aside