Tue, May 30, 2023
RBI-recognised self-regulatory organisation, Sa-Dhan ED and CEO Jiji Mammen said the overall growth suggests that the industry has come out of the Covid blues and is now on the growth path.
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Thu, Nov 10, 2022
This is the third largest MFI with a client base of 2.2 million across 18 states and served by its 1,008 branches. As of September 2022, the company had an active loan book of Rs 7,500 crore.
Sun, Jul 11, 2021
The impact of the second Covid wave has raised concerns over the recovery of the microfinance (MFIs) and the small NBFC sector, which was already battling the elevated credit stress and declining AUM in FY21
Wed, Apr 10, 2019
Post this acquisition, the board has appointed Joby as the CEO and LVLN Murty as the Deputy CEO of Dvara KGFS. NT Arun Kumar also joins as Independent Director.
Sat, Dec 15, 2018
Net interest margins (NIMs) of micro-finance institutions (MFIs) would be under considerable pressure as competition rises in the sector, a study by KPMG has said
Mon, Aug 21, 2017
ICRA said, "The Indian micro loan sector with a size of around Rs 1.7 lakh crore as on March 31, 2017, has grown at a healthy compounded annual growth rate of 32% during FY2013-2016. Of this NBFC-MFIs, Small Finance Banks (SFBs) and Banks (excluding the SHG Bank linkage programme) had grown at a much faster pace of 57%. However, the growth trajectory for NBFC-MFIs/SFBs and banks changed post-demonetisation with the portfolio growth slowing down from 72% in FY2016 to 29% in FY2017."
Mon, Jun 26, 2017
Analysts and industry experts believe that it is the Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) that are to take a greater hit with these farm loan waivers. A study estimated that NPA amount for cooperative credit system alone is at Rs 40,000 crore.
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