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MFI NEWS

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No moratorium from lenders can impact MFIs debt servicing liabilities, says ICRA

April 15, 2020 6:19 pm

ICRA expects the credit costs for microfinance institutions (MFIs) to be at least double from the present levels of 1-1.5 per cent to 2.5-3 per cent for most players, which is likely to impact the profitability of the MFIs by 3-5 per cent in 2020-21.

Statutory Provident Fund reduced to 10% from 12% for next 3 months: FM Nirmala Sitharaman

MFI industry seeks more refinance from DFIs in budget

January 27, 2020 12:02 pm

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

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Former RBI deputy governor appointed as chairman of MFI panel

November 29, 2019 1:54 pm

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs.

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RBI increases lending limit of Micro Finance Institutions to Rs 1.25 lakh

October 04, 2019 3:18 pm

Taking into consideration the important role played by MFIs in delivering credit to those in the bottom of the economic pyramid and enable them to play their assigned role in a growing economy, the RBI observed.

FinMin considers clubbing MFI & MUDRA Bank Bills

April 06, 2015 5:10 am

The Micro Units Development Refinance Agency (MUDRA) Bank Bill will now give finality to the plan for regulation of the sector.

RBI will act if growth slips rapidly

August 04, 2012 12:52 am

Subbarao says RBI would not base actions on any number for growth or inflation

MFIs hope for better time ahead

December 25, 2011 11:56 am

The Reserve Bank this month notified new norms by classifying microfinance lenders.

Yes Bank eyes 35 per cent CAGR

July 09, 2011 5:57 pm

Private sector Yes Bank is eyeing a CAGR of 35 per cent till 2015,a top official of the bank said.

SKS MicroFin staff sell stock options

February 11, 2011 12:51 am

The employees of the crisis-hit SKS Micro Finance are rushing to sell their stock options issued in 2007 and 2009 after the company sacked its managing director and chief executive officer on October 3 last year.