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Microfinance News

03 Aug 2022

Microfinance borrowers' resilience behind MFI industry's turnaround post-COVID

Sadaf Sayeed, CEO of Muthoot Microfin talked elaborately on post-COVID scenario in the Microfinance Industry, RBI's slew of interventions and reforms to protect customers’ interest.

23 May 2017

'Bill to address bankruptcy in financial sector in next Parliament session'

The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.

06 Sep 2016

Micro finance sector sees 29% rise in loan disbursements in Q1

New Delhi: Microfinance industry has witnessed 29 per cent growth in loan disbursements during the first quarter of 2016-17, a report says.

SKS Microfinance

28 Oct 2015

SKS Microfinance gets Rs 100 cr refinance line from Mudra

SKS Microfinance Wednesday said Micro Units Development and Refinance Agency (Mudra) has sanctioned a refinance line of Rs 100 crore to the company at 10 percent per annum to extend finance to micro entrepreneurs.

SKS Microfinance

07 Apr 2015

SKS Microfinance shares surge nearly 9%

Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.

President Pranab Mukherjee

08 Mar 2015

Next breakthrough to come from micro venture innovation

Citing India's long tradition of grassroot innovations, President Pranab Mukherjee has said the next major breakthrough in the country will come via micro venture innovation finance.

13 Nov 2014

RBI to invite applications for small banks by month-end: Rajan

Addressing micro-financiers at a Nabard function here, Rajan also said that microfinance borrowers should be protected from arbitrary loan pricing.

SKS Microfinance

28 Oct 2014

FII stake in SKS soars to record high of 44.72% in Jul-Sep qtr

Continuing with the bullish stance on SKS Microfinance, foreign investors have hiked their stake in it to all-time high of 44.72 percent during the July-September quarter amid a sharp rise in the company's share price.

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