Microfinance business shrinks in Q2 as delinquency rates surge
The microfinance industry contracted in Q2 FY25 with delinquency rates on loans rising to 4.3 per cent in September 2024.
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Microfinance Portfolio Declines by 4.3% in Q2 Amid Rising Loan Delinquencies
The loans disbursed in Q2 declined by 13.3 per cent as they fell to Rs 137.4 lakh from Rs 163.9 lakh in Q1.
Why excitement in Manappuram stock post lifting of microfinance ban faded
Manappuram microfinance arm Asirvad is expected to witness a gradual improvement in new business volumes, but it remains to ...
Borrowers with microfinance, retail overlap have higher delinquency: CRIF
The report highlighted that borrowers with an overlap of microfinance and retail loans exhibited higher delinquency rates ...
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Microfinance Sector Review: DFS Secretary Urges Robust Growth, Financial Inclusion, and Digital Integration
The discussions centered on strengthening the MFI sector to expand financial inclusion and enhance support for low-income ...
Microfinance industry shrinks 4% in a quarter as defaults double year on year
Mumbai: The year-on-year delinquency rates on microfinance loans, where instalments are overdue by 30 to 180 days, jumped to 4.3% as of Sep 2024, up from 2% a year earlier. Even as delinquencies rose, ...
Microfinance self-regulator defers capping lenders per borrower to 1 April
Microfinance Industry Network had in November introduced the new cap along with a few other guidelines around micro lending.
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FinMin Meeting on Microfinance: Rising Bad Loans & Delinquencies
Finance Ministry to meet with MFI players on Wednesday amid rising bad loans and delinquencies in the sector. The meeting ...