Microfinance leaders anticipate the implementation of a new Grameen credit score framework to restore lending discipline ...

Over the years, the microfinance industry (MFI ... financial inclusion to the last mile. Today, MFI-led Joint Liability Group (JLG) programs and bank-led Self-Help Group (SHG) movements ...

Accordingly, provisions rose to₹1,189 crore from ₹618 crore last quarter.Of this, ₹414 crore of provisions were made specifically for joint liability group (JLG) microfinance loans.

The management said, the microfinance industry in India has been going through a challenging phase in the current financial year. A wide set of challenges including borrower leverage, dilution of JLG ...

Microfinance plays a crucial role in fostering financial inclusion. It is an industry that supports almost 120-140 million households (through self-help group bank linkage and joint liability group, ...

The bank made additional provisions of rS 414 crore for its Joint Liability Group (JLG) portfolio, raising NPA coverage for this segment to 85%. Disclaimer: Business Today provides stock market ...

Expecting a spike in bad loans from the microfinance book, the bank chose to make an additional provision, on a prudential basis, of Rs 414 crore on gross NPAs of the joint liability group ...

It is thus expected to bring more small businesses into the organized finance architecture.In 2016, IDFC Bank acquired up to 10% stake in ASA International India Microfinance for Rs 8.5 crore.On 7 ...