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Non-bank microfinance companies expect level playing field with banks and small finance banks

Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed changes under the ‘consultative document on regulation of microfinance’ released by the RBI take shape. With no caps on interest rate spreads, no restriction on number of lenders approaching a borrower, no end use restriction of credit and a simplified cost structure, NBFC-MFIs could explore differential rates for borrowers based on risk assessment and take the competition to banks and small finance banks which together constitute around 60 per cent of the micro credit outstanding.

Microfinance may get the freedom to bloom

Microfinance may get the freedom to bloom
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Higher interest rates for risky borrowers, microfinance to see paradigm shift

Higher interest rates for risky borrowers, microfinance to see paradigm shift
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Q1 is challenging but we expect 3 good quarters this fiscal: Ujjivan SFB

Nitin Chugh, Managing Director and CEO, Ujjivan Small Finance Bank   -  BusinessLine× Widespread infection and localised lockdowns have hit credit demand, says Nitin Chugh, MD and CEO Even as the second wave of Covid-19 infections affects collection efficiencies and hampers credit demand, Ujjivan Small Finance Bank is hopeful of a recovery by June-end. “We are hopeful that now that cases have started to decline, the situation should become normal in another 30 days or by the end of June, and there would be a gradual restoration of business activities, including in rural areas,” said Nitin Chugh, Managing Director and CEO, Ujjivan SFB.

Collections likely to recover from next quarter onwards: Nitin Chugh, Ujjivan SFB

Collections likely to recover from next quarter onwards: Nitin Chugh, Ujjivan SFB
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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