Bihar overtakes Tamil Nadu to become biggest MFI market in India
Bihar has overtaken Tamil Nadu to emerge as the state with the highest microlending borrowings as of March 2023, a ...
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Tag: MFIs
Satin Creditcare Network’s net profit jumps 59% year-on-year in March quarter
Microfinance company Satin Creditcare Network on Saturday said net profit jumped 59% year-on-year to Rs 94 crore in the quarter ...
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Arohan Financial Services raises Rs 730 crore in share sale to private equity investors
Microfinance company Arohan Financial Services has raised Rs 730 crore in a share sale to private equity investors in one ...
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Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 cr
Micro loan disbursement jumped about 20% in the December 2022 quarter to Rs 77,877 crore over Rs 65,392 crore in ...
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NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) ...
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Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in ...
Read moreNBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of ...
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Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFIN
Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 ...
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Microfinance loans up 11 pc to Rs 71,916 cr in Q2 FY23: Report
Microfinance loans in the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of ...
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Microfinance NPA at all time high of Rs 36,500 crore as loans restructured earlier showing stress
The stress in the microfinance sector is far from over with the sector's bad loans ratio rising for the second ...
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