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Microfinance cos' ECB more than halve in FY21 - The Hindu BusinessLine

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 corresponding period last year stood at $137 million. “One of the primary reasons (for lower borrowing) could be the overall cut back on fresh disbursements by MFIs, especially in the first two quarters of FY21,” said Aastha, Partner, Argus Partners, adding: “Microfinance borrowers, having been the worst hit by the pandemic and the consequent lockdown, were unable to repay their loans an

Arohan nambiarManoj kumar nambiarAarohan financial servicesArgus partnersManaging directorArohan financialArgus partnerஆரோஹன் நம்பியார்மனோஜ் குமார் நம்பியார்ஆரோஹன் நிதி சேவைகள்ஆர்கஸ் கூட்டாளர்கள்நிர்வகித்தல் இயக்குனர்ஆரோஹன் நிதி

As Covid cases surges, microfinance industrywary of the impact on its collection efficiency

As Covid cases surge, microfinance industry wary of the impact on its collection efficiency April 08, 2021 × Disbursements to new customers may also be impacted if field operations are affected due to increase in restrictions in certain regions The microfinance industry, which has been inching towards pre-Covid levels – both in terms of disbursements as well as quality of portfolio – now seems a little wary of the impact of the sudden surge in Covid-19 cases on its collection efficiency. Any impact on collections may also hurt growth in disbursements, as fresh loans to existing customers will only be sanctioned as and when they foreclose the previous loan.

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Arohan Financial Services likely to launch Rs 1,500 crore IPO

The Kolkata-based microfinance institution is, however, keeping other options including a rights issue and private equity investment open. With the economy gaining signs of normalcy, the company sees good demand for credit coming up.

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आरोहन फाइनेंशियल 1500 करोड़ रुपए का IPO लॉन्च करने की तैयारी में, जानिए क्या है प्लान Arohan Financial Services to be launch Rs 1500 crore IPO in july-august 2021

आरोहन फाइनेंशियल 1500 करोड़ रुपए का IPO लॉन्च करने की तैयारी में, जानिए क्या है प्लान Arohan Financial Services to be launch Rs 1500 crore IPO in july-august 2021
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Assam MFI Bill may hit collections in short term - The Hindu BusinessLine

Assam MFI Bill may hit collections in short term January 07, 2021 Sector roiled by pandemic and natural calamities may face a repayment crisis The Assam Micro Finance Institutions (Regulation of Money Lending) Bill 2020, which was recently passed by the Assam Assembly, is likely to create “some confusion” in the minds of borrowers and could affect collections in the region in the short term. While the Bill is still not available in public domain, however, certain reports indicate that the key provisions of the Bill would include restriction on the deployment of collection agents, coercive collection practices and door-to-door collection; cap on the number of lenders per borrower as well as on the overall loan outstanding; and a minimum three-month loan repayment moratorium in case of natural adverse events.

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