MFIs

Bihar overtakes Tamil Nadu to become biggest MFI market in India

06/07/2023
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Bihar has overtaken Tamil Nadu to emerge as the state with the highest microlending borrowings as of March 2023, a report said on Wednesday. Bihar […]

Satin Creditcare Network’s net profit jumps 59% year-on-year in March quarter

01/05/2023
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Microfinance company Satin Creditcare Network on Saturday said net profit jumped 59% year-on-year to Rs 94 crore in the quarter to March 2023. The rise […]

Arohan Financial Services raises Rs 730 crore in share sale to private equity investors

10/04/2023
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Microfinance company Arohan Financial Services has raised Rs 730 crore in a share sale to private equity investors in one of the largest fund raises […]

Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 cr

17/03/2023
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Micro loan disbursement jumped about 20% in the December 2022 quarter to Rs 77,877 crore over Rs 65,392 crore in the year ago period, backed […]

NBFCs’ collection efficiency close to pre-Covid levels: ICRA

13/02/2023
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Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) pools has topped 98% of […]

Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn

12/02/2023
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Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a […]

NBFC-MFIs dominate microfinance market, says new report

08/02/2023
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The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]

Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFIN

04/01/2023
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Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared […]