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SFBs have made good progress on deposit mobilisation with deposits accounting for 63% of borrowings.

SFBs would need nearly Rs 3,900crore till FY22: ICRA

SFBs have made good progress on deposit mobilisation.

11 Nov 2019 9:09 PM GMT

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Microfinance industry posts 43 per centh growth in Q3 FY'19

Microfinance Institutions Network (MFIN) is an RBI recognised self-regulatory organisation and industry association.

25 Feb 2019 12:02 PM GMT

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

MFIs loan book clips past 43 per cent to Rs 1.66 tln in Q3

Total numbers of microfinance accounts were at 8.91 crore as of December 2018.

25 Feb 2019 11:27 AM GMT

Reserve Bank of India (RBI)

Moving to on-tap licencing of SFBs

On tap licensing will enable entities to approach the RBI for obtaining licences on meeting the criteria.

7 Jun 2019 1:30 AM GMT

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

RBI to issue on tap licence guidelines on small finance banks in...

The RBI had given in-principle approval to 10 entities for entering the small finance banking space in September 2015.

6 Jun 2019 9:44 AM GMT

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Microfinance industry set to cross Rs 1 lakh cr loan portfolio: Report

As per the report, the average ticket size of microfinance lending by banks is Rs 42,249, SFBs Rs 32,946 and NBFC-MFIs...

27 Aug 2019 11:31 AM GMT

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI proposes Rs 200 cr minimum capital for small banks

The foreign shareholding in the small finance bank would be as per the extant FDI policy for private sector banks.

14 Sep 2019 6:37 AM GMT

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

SFBs, Nidhis may eat into gold loan NBFCs' market

SFBs have access to low-cost funds through deposits, giving them an edge over the traditional gold loan NBFCs.

20 Jan 2020 7:45 PM GMT

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

MFIs grow 15 pc at Rs 1.9 trillion during April-Dec: report

The Icra report noted that supported by capital infusion of Rs 3,000 crore in year-to-date in FY18.

1 March 2018 10:20 AM GMT

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Small finance banks lose market share in micro lending

Share of SFBs in the total micro finance market has dropped to 20 per cent in Q1FY19 against 27 per cent in Q1FY18.

27 Sep 2018 3:09 AM GMT