Large MFIs see sharp rise in NPAs, lower profit in Q2
Large sized micro finance institutions (MFIs) have seen a sharp decline in profitability during Q2FY25 due to higher stress, leading
Continue reading
Tag: mfi
RBL Bank Q2 net profit down 24% on credit card, MFI exposures stress
RBL Bank on Saturday reported a 24 per cent decline in net profit in the September quarter to ₹223 crore
Continue reading
YES Bank CEO: NIM set to improve moving forward
Private sector lender YES Bank’s net interest margin (NIM) will improve from 2.4 per cent in Q1 FY25, Managing Director
Continue reading
IIFL Samasta Finance adds three distinguished members to its Board
IIFL Samasta Finance, a non-banking microfinance company (NBFC-MFI), has appointed three members including former NABARD Chairman, Govinda Rajulu Chintala to its
Continue reading
NBFC-MFIs seek revision in annual household income criteria for giving microfinance loans
NBFC-MFIs (non-banking finance company-microfinance institutions) want the Reserve Bank of India to revise the criteria relating to annual household income
Continue reading
CreditAccess Grameen posts ₹353 crore PAT in Q3
Bengaluru-based NBFC-MFI CreditAccess Grameen posted a net profit of ₹353.3 crore in Q3 FY24, up 64 per cent on year,
Continue reading
NBFC-MFIs’ portfolio quality improving, NPAs fall in FY23: MFIN report
Portfolio at Risk (PAR) for NBFC–MFIs (microfinance institutions) has gradually improved post-pandemic, with over 30-day PAR falling from a peak of
Continue reading
NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24
Loan disbursed by non-banking companies acting as Micro Finance Institutions (NBFC-MFIs) rose by 45.8 per cent year-on-year to Rs
Continue reading
AUM of NBFC-MFIs expected to grow 25-30% this fiscal: CRISIL
Assets under management (AUM) of non-bank financial firms and microfinance institutions (NBFC-MFIs) are expected to grow by 25-30 percent in
Continue reading