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The Non-Banking Financial Institutions Regulatory Authority (NBFIRA) has issued instructions to micro lenders that starting 1st April it will be monitoring ....
Any such possible downgrades will likely raise MFIs funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have deteriorated amid localized lockdowns. ....
Micro lenders face rating downgrade risk amid second wave SECTIONS Share Synopsis Any such possible downgrades will likely raise MFIs funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have deteriorated amid localized lockdowns. Agencies Anticipating rating actions, microfinance industry associations have already pleaded with the regulators seeking forbearance. Microfinance companies (MFIs) may be facing rating downgrades as the share of bad loans is rising as the second wave of pandemic has derailed the loan repayment again. Rating companies are now assessing the scenarios as select few last mile lenders with significant exposure in Assam, Maharashtra and West Bengal are witnessing higher stress in asset quality with non-performing assets rising to as much as 25%, people familiar with the matter said. ....
Chinese fintech firms must meet capital adequacy requirements in 2 years Micro lenders, consumer finance firms and banks operated by internet platforms should all have adequate capital like other financial institutions, head of the Guo Shuqing, China Banking and Insurance Regulatory Commission said Reuters | March 2, 2021 | Updated 10:41 IST China s financial technology companies have a maximum of two years to meet capital adequacy requirements, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, at a news conference on Tuesday. Micro lenders, consumer finance firms and banks operated by internet platforms should all have adequate capital like other financial institutions, Guo said. ....