The loans disbursed in Q2 declined by 13.3 per cent as they fell to Rs 137.4 lakh from Rs 163.9 lakh in Q1.

The microfinance industry contracted in Q2 FY25 with delinquency rates on loans rising to 4.3 per cent in September 2024.

Manappuram microfinance arm Asirvad is expected to witness a gradual improvement in new business volumes, but it remains to ...

The discussions centered on strengthening the MFI sector to expand financial inclusion and enhance support for low-income ...

Microfinance institutions in India have experienced a dramatic growth of 2176% over 12 years, reaching Rs. 3.93 lakh crore by ...

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has successfully achieved significant milestones in 2024, ...

Expectations: In order to augment credit supply into the microfinance sector and ensure steady growth, members have asked for ...

The report highlighted that borrowers with an overlap of microfinance and retail loans exhibited higher delinquency rates ...

Mumbai: The year-on-year delinquency rates on microfinance loans, where instalments are overdue by 30 to 180 days, jumped to 4.3% as of Sep 2024, up from 2% a year earlier. Even as delinquencies rose, ...

Microfinance Industry Network had in November introduced the new cap along with a few other guidelines around micro lending.

The Department of Financial Services is reportedly conducting a series of consultative meetings from January 7 to 16 with the Fintech and MFI sectors to address industry challenges and gather their ...

The business of Micro Finance Institutions (MFIs) industry has risen from Rs 17,264 crores in March 2012 to Rs 3.93 lakh ...