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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. ....

Alok Misra , Nitin Chugh , Village Financial Services , Ujjivan Small Finance Bank , Reserve Bank , Kuldip Maity , Village Financial , Ujjivan Small Finance , அலோக் மிஸ்ரா , நிடின் சக் , கிராமம் நிதி சேவைகள் , உஜ்ஜீவன் சிறிய நிதி வங்கி , இருப்பு வங்கி , குல்திப் மாதி , கிராமம் நிதி , உஜ்ஜீவன் சிறிய நிதி ,

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. ....

Nitin Chugh , Ujjivan Small Finance Bank , Managing Director , West Bengal , Ujjivanm Nitin Chugh , Managing Director And Ceo , Ujjivan Sfb , நிடின் சக் , உஜ்ஜீவன் சிறிய நிதி வங்கி , நிர்வகித்தல் இயக்குனர் , மேற்கு பெங்கல் , நிர்வகித்தல் இயக்குனர் மற்றும் சிஇஓ , உஜ்ஜீவன் ஸ்ப்ப் ,

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

Collections likely to recover from next quarter onwards: Nitin Chugh, Ujjivan SFB
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Nitin Chugh , Reserve Bank , நிடின் சக் , இருப்பு வங்கி ,