All News and Announcements
India: Digital Lenders Struggle to Cope With Slowdown Induced by Virus
Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.
The Digital Rupee — Is India Ready for the Next Wave of Digital Payments?
Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.
SIDBI Extends Loan Repayment Term to 1-Year for NBFCs, MFIs
Small Industries Development Bank of India has extended the repayment period of loans to non-banking finance companies and microfinance institutions to one year from the 90-day period earlier.
India: COVID-19-Hit Microlenders Knock on SEBI’s Door Seeking Extension of Rating Period
Microfinance institutions have sent a distress call to markets regulator seeking to instruct credit rating agencies to delay the ratings on microlenders whose operations have been disrupted by the impact of COVID-19.
Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers
Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.
At Mercy of Banks, India's Cash-Tight Shadow Lenders Face New Turmoil
All major state-owned and private banks have stopped lending to non-banking financial companies (NBFCs) due to concerns about their financial health.
Here's How Non-Bank Lenders Plan to Raise Money
Small non-bank lenders plan to come together and sell bonds that make the cut for bank financing.
Microfinance Firms in Turmoil as Collections Come to a Grinding Halt
The lockdown has brought the collection operations of microfinance institutions (MFIs) to a halt, as about 95 percent of the loan repayments are still done through cash.
Group of Non-Bank Lenders to Issue Pooled Debt Instruments
This will help firms below investment grade access the liquidity tap since such joint effort would typically enhance their credit rating.
Coronavirus Impact: MFIs Feel There Will Be Pent-Up Demand for Loans After Lockdown Ends
MFIs are hopeful of bouncing back as the stakeholders feel there will be pent-up demand for loans after the lockdown restrictions are lifted.