Microfinance: How to manage borrowers of non-income generating loans
Traditionally, microfinance loans in India have been earmarked for income-generating activities, officially accounting for about 95% of all loans disbursed.
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September 2024
June 2024
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December 2023
November 2023
RBI flags 'usurious' interest rates on small loans by NBFCs
It has been observed in some micro finance institutions and NBFCs that the interest rates on small value loans are high and appear to be usurious, says Shaktikanta Das
Merchant loans worth ₹300 cr getting disbursed via PhonePe app every month
The digital payments firm expects ₹3,600 crore worth of disbursements in 2024-25 on an annualised basis.
PhonePe partners with lenders to offer loans on app
PhonePe users will now have access to lending solutions directly within the PhonePe app.
NBFC loans to grow 15% in next 12-18 months: Moody’s
Moody's says NBFCs' profitability will moderate somewhat in the next 12-18 months as funding costs for them will increase.
India's silent income crisis
Household finances, workers’ wages, agricultural income are going down, severely damaging key growth engine—consumption
JM Financial shares plunge 19% after RBI action
The RBI on Tuesday barred JM Financial Products from giving loans against shares and debentures, including sanction and disbursal of loans against IPO of shares, with immediate effect.
RBI cautions against unauthorised campaigns on loan waiver
There are reports of some entities charging a service or legal fee for issuing 'debt waiver certificates' without any authority, says RBI.
Moody's gives thumbs up to RBI's new risk weights on personal loans
In the past two years, personal loans grew around 24% and credit card loans grew 28% compared with the overall banking sector's credit growth of around 15%.
Consumer loans may get expensive as RBI hikes risk weight by 25%
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
