Mfin News - Latest Updates & Headlines
Tightening microfinance loan norms to defuse risk for overleveraged borrowers: S&P Global Ratings
New Delhi, March 30: Tightening regulations and stricter underwriting standards in Indian microfinance will rein in growth plans for sector lenders and defuse risk build-up for overleveraged borrowers, said S&P Global Ratings.
Indian Micro Finance sector grows by over 2,100% in 12 yrs
New Delhi, January 9: The business of Micro Finance Institutions (MFIs) industry has risen from Rs 17,264 crores in March'12 to Rs. 3.93 lakh crore as of November'24, M Nagaraju, Secretary, DFS, Ministry of Finance was apprised by the industry representatives during a meeting in New Delhi.As per the MFI stateholders, the industry has grown more than 2176 per cent over 12 years.