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
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.
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.
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.
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.
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.
With 61 Percent of Loan Book Tied Up in High-Risk Microcredit, Bandhan Bank Feels the Heat of Coronavirus Lockdown
In 2010, when the microfinance crisis broke out in the southern state of Andhra Pradesh, banks with high exposure to Micro Finance Institutions (MFIs) witnessed a devastating phase.
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.