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Are loan repayments in lockdown mode? May 10, 2021 × With the pandemic still not under control, collection efficiency of MFIs may be hit and risk perception for the sector remains high The spurt in fresh infections following the second wave of Covid-19 pandemic and the lockdown being announced in several States mayimpact the collection efficiency of microfinance institutions. Industry experts, however, feel it is still too premature to gauge the exact impact on loan growth and repayments, as there is still a lot of uncertainty around when the second wave will peak out. According to Alok Misr...

Microfinance cos’ ECB more than halve in FY21 April 16, 2021 Sharp decline in fresh disbursements, competitive interest rates key reasons After a steady growth in last few years, external commercial borrowings (ECBs) of domestic microfinance companies have more than halved in FY21 amid a sharp decline in fresh disbursements, coupled with ample liquidity and competitive interest rates in the domestic market. According to RBI data, overseas borrowing of microfinance institutions (NBFC-MFIs) fell to $59.29 million between April 2020 and February 2021. In contrast, their borrowing during the co...

Aavishkaar Group promoted, Arohan Financial Files for IPO

Arohan plans to raise up to ₹1,800 crore via share sale Premium Share Via Read Full Story MUMBAI : Kolkata-based Arohan Financial Services Ltd on Monday filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to raise funds in an initial public offering (IPO). The Aavishkaar group promoted lender is planning a ₹1,750-1,800 crore IPO, a person aware of the matter said requesting anonymity. TRENDING STORIESSee All 1 min read Premium 2 min read 1 min read Premium 1 min read Also Read | The public offer include new shares worth ₹850 crore, and an ...

Arohan Financial files draft red herring prospectus February 15, 2021 The market sources peg the company’s IPO between ₹1,750-1,800 crore. Arohan Financial Services Ltd, a Kolkata-based NBFC and microfinance institution (MFI), has filed a Draft Red Herring Prospectus for an Initial Public Offering (IPO) with the market regulator. While the company did not disclose the amount it intends to raise through the IPO, market sources pegged it about ₹1,750-1,800 crore. The offer comprises fresh issuance of shares amounting to ₹850 crore. The company will have an Offer for Sale (OFS) of 2.7...