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Microfinance institutions News

28 Jan 2020

Microfinance institutions seek more refinance from DFIs in Union Budget

The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects.

microfinance institutions

22 Feb 2018

Asset quality of microfinance institutions improves: CRISIL

Asset quality of MFIs in Tamil Nadu, Kerala, Odisha, West Bengal and Bihar remained largely resilient despite demonetisation and its aftermath.

monsoon session

23 May 2017

'Bill to address bankruptcy in fin 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.

microfinance institutions

09 Jul 2015

MFIs plan to raise Rs 20,000 crore over next 18 months

Microfinance institutions in the country plan to raise incremental capital of around Rs 20,000 crore over the next 18 months, an industry association official announced here today.

22 Mar 2015

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

microfinance sector

26 Jun 2014

Crisil sees 35% growth for MFIs, loan-book at Rs 45K-cr by FY15

The microfinance sector is likely to see buoyant growth in the medium-term and assets are set to reach Rs 45,000 crore by March 2016, says a report.

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