Search For "mfis"
New harmonisation proposals to create level playing field for NBFCs-MFIs:
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Harmonisation guidelines proposed by the Reserve Bank of India (RBI) for non-banking finance companies and microfinance institutions (NBFCs-MFIs) are need of the hour to address diverse interpretations of regulations by multiple forms of entities,
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NBFC-MFI sector may see more restructuring of portfolio: Crisil
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.
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Sequential challenging year stares at microfinance sector: Ind-Ra
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 24 (ANI): India Ratings and Research (Ind-Ra) said on Monday that collections for microfinance institutions (MFIs) and small finance banks (SFBs) are estimated to have declined 3 to 5 per cent in April and additional 5 to 7 per cent in first fortnight of May
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RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions
Updated : 4 years, 10 months ago IST
New Delhi [India], May 3 (ANI): The Reserve bank of India Governor, Shaktikanta Das on Monday met managing directors (MD) and Chief Executive officers (CEOs) of Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) via video conferencing.
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ADB, Habitat for Humanity to support housing microloans for India's vulner
Updated : 4 years, 11 months ago IST
Manila [The Philippines], April 19 ((ANI): The Asian Development Bank (ADB) has teamed with Habitat for Humanity International to help microfinance institutions (MFIs) deliver housing loans to low-income families in rural and peri-urban areas of India, Bangladesh, Indonesia, and the Philippi
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Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme
Updated : 4 years, 11 months ago IST
New Delhi [India], April 7 (ANI): More than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) since the launch of Pradhan Mantri Mudra Yojana (PMMY), according to the Centre.
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HDFC ERGO launches Business Kisht Suraksha to protect MFIs and financial i
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], March 4 (ANI/NewsVoir): HDFC ERGO General Insurance, India's leading non-life insurance company in the private sector, announced the launch of Business Kisht Suraksha, a unique cover aimed at protecting the balance sheet of MFIs, financial institutions and banks
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SATYA MicroCapital starts loan disbursement under PM SVANidhi Scheme
Updated : 5 years, 4 months ago IST
New Delhi [India], November 3 (ANI/NewsVoir): On the account of Company's Fourth Foundation Day Celebration; SATYA MicroCapital Limited, one of the fastest-growing NBFC - MFIs in the country, announced that it has started the process of loan disbursements under the PM SVANidhi Scheme. The ev
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Sitharaman announces Rs 30,000 crore special liquidity scheme for NBFCs, M
Updated : 5 years, 10 months ago IST
New Delhi [India], May 13 (ANI): Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs).
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With Rs 1000 crore loan outstanding portfolio SATYA MicroCapital adds one
Updated : 5 years, 12 months ago IST
New Delhi [India] March 20 (ANI/Digpu): Giving centre stage to its phenomenal growth, one of the fastest-growing MFIs in India, SATYA MicroCapital has crossed several milestones since its inception on October 28, 2016.
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Private banks, financial institutions not facing liquidity problem: Sithar
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 26 (ANI): After meeting top management of private sectors banks, NBFCs, microfinance institutions (MFIs) and small finance banks, Finance Minister Nirmala Sitharaman on Thursday said that she had not heard of any liquidity problem from them.
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NBFC delinquencies to swell from current levels; profitability likely to r
Updated : 8 years, 5 months ago IST
New Delhi [India], Sep 27 (ANI): Non-banking finance Companies (NBFCs - excluding NBFC-MFIs) are likely to witness an increase in the 90+day delinquencies, by about 20-50 bps, from the levels of about 4.9 percent as on June 30, 2017.
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