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 number of borrowers taking loans from three or more lenders was 11 million, or 13% of the total microfinance borrower ...

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

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

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

Microfinance institutions are calling for government support and a dedicated funding mechanism to address growing challenges, including regulatory issues and rising delinquencies. A meeting chaired by ...

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 ...

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

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, ...

MANAGING Director, Payment Processing and Switching, Interswitch Purepay, Akeem Lawal, has said that for the huge potential ...

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