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Satin Creditcare Network trades higher on raising Rs 20 crore through NCDs Satin Creditcare Network is currently trading at Rs. 211.95, up by 3.10 points or 1.48% from its previous closing of Rs. 208.85 on the BSE. The scrip opened at Rs. 209.90 and has touched a high and low of Rs. 214.70 and Rs. 209.90 respectively. So far 15610 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.70 on 10-Aug-2023 and a 52 week low of Rs. 107.05 on 29-Aug-2022. Last one week high and low of the scri...
Satin Creditcare Network trades higher on raising Rs 20 crore through NCDs
Satin Creditcare Network trades higher on raising Rs 20 crore through NCDs
Source: Accord Fintech
22/08/2023 12:02:49 PM
Satin Creditcare Network surges on getting nod to raise Rs 5000 crore through NCDs Satin Creditcare Network is currently trading at Rs. 176.25, up by 6.50 points or 3.83% from its previous closing of Rs. 169.75 on the BSE. The scrip opened at Rs. 172.70 and has touched a high and low of Rs. 179.00 and Rs. 172.35 respectively. So far 20811 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.55 on 21-Jun-2023 and a 52 week low of Rs. 96.95 on 13-Jul-2022. Last one week high and low of the scrip...
Satin Creditcare Network surges on getting nod to raise Rs 5000 crore through NCDs
Satin Creditcare Network surges on getting nod to raise Rs 5000 crore through NCDs
Source: Accord Fintech
11/07/2023 10:34:25 AM
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil Domestic rating agency Crisil in its latest report has said that Non-Bank Finance Companies-Microfinance Institutions’ (NBFC-MFI) Assets Under Management (AUM) are expected to grow by up to 30 per cent in the current financial year (FY24).  In a report, Crisil said the NBFC-MFI segment's AUM stood at Rs 1.3 lakh crore at the end of March 2023, and the segment has the highest share in the overall microlending universe which also consists of small finance banks, universal bank...
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil
Source: Accord Fintech
2/06/2023 12:37:20 PM
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI Spandana Sphoorty Financial is currently trading at Rs. 599.50, up by 6.05 points or 1.02% from its previous closing of Rs. 593.45 on the BSE. The scrip opened at Rs. 599.50 and has touched a high and low of Rs. 600.55 and Rs. 599.50 respectively. So far 74 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scri...
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI
Source: Accord Fintech
28/10/2022 11:59:22 AM
Stressed assets of NBFC-MFIs dropped to 14% as of end-March 2022: Crisil Ratings Crisil Ratings in its latest report has said that stressed assets of non-banking financial companies- microfinance institutions (NBFC-MFIs) are estimated to have declined to around 14 per cent as of March 2022 from close to 22 per cent in September 2021, helped by revival in the economy and limited impact of the omicron variant. It, however, said stressed assets of NBFC-MFIs, which comprise of 30 Portfolio at Risk (PAR) and loan book restructuring remains well above the pre-pandemic level of ...
Stressed assets of NBFC-MFIs dropped to 14% as of end-March 2022: Crisil Ratings
Stressed assets of NBFC-MFIs dropped to 14% as of end-March 2022: Crisil Ratings
Source: Accord Fintech
31/05/2022 10:41:52 AM
Rising economic activity to boost NBFC-MFIs' AUM in FY2023 Healthy demand along with increasing level of economic activity and rising vaccinations across the country is expected to boost non-banking financial companies-microfinance institutions' (NBFC-MFIs) portfolio growth as well as profitability in FY2023. According to ICRA Ratings, the long-term outlook for NBFC-MFIs remains robust, driven by the fact that the growth in disbursements is expected to have continued in Q3FY22, post revival in Q2FY22. "Disbursements picked up again in ...
Rising economic activity to boost NBFC-MFIs' AUM in FY2023
Rising economic activity to boost NBFC-MFIs' AUM in FY2023
Source: IANS
8/02/2022 12:44:33 PM
MFIs should not throw caution to wind for chasing higher asset growth, returns: RBI Deputy Governor Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has said that while the central bank will foster growth in the microfinance (MFI) sector, the lenders in the space should not throw caution to the wind to chase higher asset growth and returns. He said MFIs should not try to mimic the strategies of mainstream finance, as those serving the microfinance borrowers have a greater need to balance the social objectives with their lending operations. The Deputy Governor said any slip-up ...
MFIs should not throw caution to wind for chasing higher asset growth, returns: RBI Deputy Governor
MFIs should not throw caution to wind for chasing higher asset growth, returns: RBI Deputy Governor
Source: Accord Fintech
28/10/2021 12:42:47 PM
Assam signs MoUs with 38 micro-finance bodies to help borrowers In a bid to provide succour to 14 lakh microfinance borrowers, mostly poor women in Assam, the state government has signed MoUs with 38 Micro Finance Institutions (MFIs) and Banks, officials said here on Wednesday. An official said that the Finance Department has signed the MoUs with the 38 MFIs and the Banks on Tuesday to implement the Assam Micro Finance Incentive and Relief Scheme (AMFIRS), which was framed to provide relief to poor women borrowers who are not able to return the loan am...
Assam signs MoUs with 38 micro-finance bodies to help borrowers
Assam signs MoUs with 38 micro-finance bodies to help borrowers
Source: IANS
25/08/2021 1:49:27 PM
Covid 2.0 unleashes credit stress for MFIs, small NBFCs The impact of the second Covid wave has raised concerns over the recovery of the microfinance (MFIs) and the small NBFC sector, which was already battling the elevated credit stress and declining AUM in FY21. Accordingly, out of thirteen issuer downgrades by credit rating agencies during Q1FY22 in the financial sector, ten issuers are smaller MFI and NBFCs engaged in providing unsecured MSME loans, personal and vehicle loans. A report by Acuite Ratings said that collection efficiencies ...
Covid 2.0 unleashes credit stress for MFIs, small NBFCs
Covid 2.0 unleashes credit stress for MFIs, small NBFCs
Source: IANS
10/07/2021 3:18:46 PM
RBI raises average base rate for NBFC-MFI to 7.98%RBI raises average base rate for NBFC-MFI to 7.98%  The Reserve Bank of India (RBI) has fixed the average base rate for NBFC-MFIs to be charged from their borrowers at 7.98 per cent for the quarter starting July 1, 2021 The rate has been increased from 7.81 per cent that was applicable in the April-June quarter. "The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginni...
RBI raises average base rate for NBFC-MFI to 7.98%RBI raises average base rate for NBFC-MFI to 7.98%
RBI raises average base rate for NBFC-MFI to 7.98%RBI raises average base rate for NBFC-MFI to 7.98%
Source: IANS
30/06/2021 1:40:43 PM
Credit guarantee scheme for facilitating MFIs loans announced The government on Monday announced a new credit guarantee scheme that will facilitate loans to 25 lakh people through micro finance institutions (MFIs). The announcement was made by Finance Minister Nirmala Sitharaman as part of economic relief package provided to spur investment climate in the country affected by the Covid pandemic. As per the new scheme, guarantee will be provided to Scheduled Commercial Banks for loans to new or existing NBFC-MFIs or MFIs for on lending up to Rs 1.25...
Credit guarantee scheme for facilitating MFIs loans announced
Credit guarantee scheme for facilitating MFIs loans announced
Source: IANS
28/06/2021 5:43:58 PM
Microfinance institutions may see credit cost in 3-6% range in FY22: India Ratings and Research India Ratings and Research (Ind-Ra) in its latest report has said that microfinance institutions (MFIs) may see their credit cost in the 3-6 percent range in the current fiscal (FY22), with their collection efficiency getting impacted amid disruptions caused by the second wave of COVID-19 pandemic. It also said that collections of micro lenders and small finance banks (SFBs) are likely to have declined 3-5 percent in April 2021 and additional 5 -7 percent May 2021 (first fortnight of the mont...
Microfinance institutions may see credit cost in 3-6% range in FY22: India Ratings and Research
Microfinance institutions may see credit cost in 3-6% range in FY22: India Ratings and Research
Source: Accord Fintech
25/05/2021 2:07:33 PM