All News and Announcements
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.
Microfinance Industry Groups Seek PM Modi’s Help to Secure Repayment Moratoriums on Term Loans
Both Sa-dhan, India's largest microfinance industry body with 212 members, and Microfinance Institutions Network (MFIN), the industry grouping for NBFC-MFIs, have separately urged the prime minister to take action.
RBI May Announce Separate Credit Line to Rescue MFIs
MFIs, like other financial institutions, are in a fix over whether they can avail of the moratorium benefit on term-loan repayments given to all borrowers
Philippines: Landbank Offers Loan Package to Help Small Firms Recover
Landbank’s lending program dubbed I-RESCUE provides credit and loan restructuring, the state-run lender said in a statement on Wednesday.
UBX Mobile ATMs to Expedite Philippine Government's COVID-19 Subsidies
UBX, the fintech company of Union Bank of the Philippines (UnionBank), recently started deploying a rapid and remote mobile-enabled ATM solution in response to COVID-19, as part of its i2i platform.
Microfinance Units Urge PM to Extend Loan Moratorium Benefits
Microfinance industry association Sa-dhan has reached out to Prime Minister Narendra Modi seeking an extension of the loan moratorium benefits to the industry.