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Small Loans, Big Impact – The Real Inclusion
At the heart of poverty reduction lies the imperative to empower women and promote gender equality
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IppoPay & Visa to support small biz
Chennai-based fintech IppoPay recently announced its partnership with card giant Visa to provide credit cards for small businesses. The new deal will
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Microfinance industry grew by 5.16% to Rs 2.43 lakh crore
NBFCs accounted for another 6.85% and other MFIs account for 1.05% of the universe, the report said
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Centrum, BharatPe gets licence for small finance bank
Centrum's lending operation (small business loans and microfinance) would be integrated into the bank in the first phase.
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MFIs face high financial stress build up amid Covid-19: Report
Non-performing assets (NPAs) have gone up by 8-14% as compared to pre-Covid times for microfinance institutions
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Collection on securitised loans to recover post second wave
The collection on securitised loans are set to see a recovery post the second wave once the restrictions are slowly lifted
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These lenders may benefit from FM's relief package
Government will guarantee banks to lend to NBFC- MFIs for on-lending to their small microfinance borrowers
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Microfinance: Here’s how this RBI step is going to benefit borrowers
Microfinance has helped poor people with small loans for start tiny enterprise but it has also overburdened many with unsustainable debt
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RBI proposes uniform regulatory framework for MFI sector
RBI also suggests no requirement of collateral, and greater flexibility of repayment frequency for all microfinance loans
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Advances by Bandhan Bank grew by 21% during the pandemic
Bandhan Bank's total advances during the COVID-ravaged year stood at Rs 87,054 crore, which is 21% (more/less) compared to FY20 i.e. Rs 72,000 crore
