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RBI intends to make microlending collateral free: Report
Borrowers who take out microloans, according to Rao, lack the type of collateral that lenders desire.
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Microfinance industry keeps its fingers crossed for recovery
Industry leaders are hopeful of recovery by Durga Puja time as the repayment has gone up sharply to 90% on an average in July.
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Microfinance loan portfolio grows 11.9% to Rs 2,59,377 crore as on March-end: MFIN
MFIN is an industry association comprising 58 NBFC-MFIs and 39 associates including banks, small finance banks (SFBs), and NBFCs.
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Microfinance institutions’ 30-plus delinquency may rise to 14-16% in June: Report
More MFIs are likely to opt for permitting restructuring under the Reserve Bank of India’s (RBI) Resolution Framework 2.0
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MFIs gave more loans to customers during pandemic: RBI report
Microfinance institutions further the cause of financial inclusion as they lend to those who are often too poor to get loans according to conventional
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MFIs credit costs may be in 3-6% range in FY22, says report
MFIs could again see credit costs in the range of 3-6% in FY22, if the early trends of the collection performance were to persist, according to India
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MFIs to witness asset quality pressures in near term: ICRA
However, good on-balance sheet liquidity and sizeable provisions created by most MFIs in FY2021 will provide a cushion to them for absorbing further s
