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Banks turn cautious on lending to smaller microfinance players

Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher......

RBI allows microfinance lenders to fix interest rates

The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. Photograph: Adnan......

Why MFIs could end up losing Rs 1,500 cr

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment. Illustration: Dominic Xavier/Rediff.com The microfinance......

Normalcy returning for shadow lenders, albeit slowly

For smaller MFIs, resuming operations is more difficult because they haven’t got any fresh bank credit sanctioned from their lenders. Illustration: Uttam Ghosh/Rediff.com With the government......

The famous five taking on shady Chinese lending apps

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even......

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Mfin

News for Mfin

Banks turn cautious on lending to smaller microfinance players

RBI allows microfinance lenders to fix interest rates

Why MFIs could end up losing Rs 1,500 cr

Normalcy returning for shadow lenders, albeit slowly

The famous five taking on shady Chinese lending apps

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