Page 2 - Microfinance Sector News Today

Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others.

The Cambodia Microfinance Association (CMA) and the independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) have chipped in with a total of more than $2 million to support a five-year project designed to widen financial inclusion in the Kingdom.

The combined micro credit portfolio of all lenders stood at Rs 2,47,839 crore at the end of FY21 with banks accounting for 44% of the market. NBFC-MFIs contributed 32% to the total market size, microfinance industry association Sa-Dhan said.

 0 Collections of the microfinance sector are likely to witness a shortfall of 10%-15% on a consolidated basis in May 2021. The variation among microfinance institutions (MFIs) could be wider, depending on their level of concentration in regions where lifting of restrictions could be slow, says India Ratings and Research (Ind-Ra).   Collections for microfinance institutions (MFIs) and small finance banks (SFBs) have declined 3%-5% in April 2021 and additional 5%-7% in May 2021, the first fort...

Read more about Microfinance sector stares at sequentially challenging year: India Ratings on Business Standard. Collections in May could see shortfall of 10-15%; credit costs may escalate in FY22

MFIs revival: Major risks, gaps facing microfinance in India RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance industry more vibrant Dr. Saibal Paul | April 2, 2021 | Updated 11:20 IST It is understood that gaps in different spheres are pushing the microfinance sector into severe political risks The Reserve Bank of Indias (RBI) recent announcement on harmonising policies for regulated entiti...