Microfinance sector heading for a bumpy ride as bad loans mount
The Morning Standard|August 28, 2024
THE microfinance sector is headed for a bumpy ride with overleveraged borrowers missing installments, forcing the lenders to go slow on new loan sales in the first quarter of the current fiscal.
BENN KOCHUVEEDAN
Microfinance sector heading for a bumpy ride as bad loans mount

There has been a steep 24% drop in disbursals, came on top of the 30% plunge in the previous quarter.

In the June quarter, MFIs saw their collections falling, leading to higher delinquencies as well as a slowdown in the growth of assets under management, which is 24% in the reporting quarter, came in on top of a 30% fall in new loan sales in the March quarter, India Ratings said in a report on Tuesday.

هذه القصة مأخوذة من طبعة August 28, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 28, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE MORNING STANDARD مشاهدة الكل
FY LUSION IESTA
The Morning Standard

FY LUSION IESTA

Set ina warm, welcoming atmosphere, Chef Sanjeev Kapoor’s latest restaurant presents a fusion of traditional Indian flavours and contemporary culinary innovation, all while remaining true to its neighbourhood roots

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3 mins  |
September 13, 2024
Filming Truth on Trial
The Morning Standard

Filming Truth on Trial

Nan atmosphere of surveillance and censorship, much remains unspoken. Documentary films, in particular, inhabit a liminal space between the present and the truth, possessing the unique power to unveil unmediated realities with striking force.

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2 mins  |
September 13, 2024
South Asian Jr Athletics C'ship: Gold harvest for Indian team
The Morning Standard

South Asian Jr Athletics C'ship: Gold harvest for Indian team

THE Indian contingent exceeded all expectations and were in brilliant form on Thursday as they reaped a harvest of as many as 19 medals, nine of them being gold on the second day of the fourth edition of South Asian Junior Athletics Championship held at Jawaharlal Nehru Stadium, Chennai.

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2 mins  |
September 13, 2024
IPL PLAYERS HIGHLY UNDERPAID
The Morning Standard

IPL PLAYERS HIGHLY UNDERPAID

The league’s media rights may have skyrocketed since its inception but salary cap hasn’t grown proportionately. Swaroop Swaminathan captures the story through numbers

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3 mins  |
September 13, 2024
Pvt sector must step up infra investment: DFS secy
The Morning Standard

Pvt sector must step up infra investment: DFS secy

India needs to spend 8-10% of gross domestic product on infrastructure for sustaining high single-digit growth rate over next couple of decades, said a senior finance ministry official.

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1 min  |
September 13, 2024
PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr
The Morning Standard

PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr

UNDER the ‘PM Electric Drive Revolution in innovative Vehicle Enhancement (PM e-drive) scheme, which will be rolled out soon, electric two-wheeler buyers can avail a maximum subsidy of up to ₹10,000 in the first year and ₹5,000 in the second year.

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1 min  |
September 13, 2024
Fuel prices may fall if crude remains low: Official
The Morning Standard

Fuel prices may fall if crude remains low: Official

Oil marketing companies (oMCs) may consider reducing petrol and diesel prices domestically if international crude prices remain low for an extended period, according to a senior official from the Petroleum Ministry.

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1 min  |
September 13, 2024
Mkt rally makes investors richer by ₹6.5L cr
The Morning Standard

Mkt rally makes investors richer by ₹6.5L cr

Optimism is fuelled by US inflation in August falling to three-year low of 2.5% which sparked rate cut hopes

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2 mins  |
September 13, 2024
Myanmar residents flee deadly floods on makeshift rafts, boats
The Morning Standard

Myanmar residents flee deadly floods on makeshift rafts, boats

CARRYING children on their backs or rowing the elderly on makeshift rafts through rising waters on Thursday, thousands of Myanmar residents fled severe flooding triggered by the deadly Typhoon Yagi.

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1 min  |
September 13, 2024
Marvelling Singapore's skyscrapers, Pope bats for fair wages for migrants
The Morning Standard

Marvelling Singapore's skyscrapers, Pope bats for fair wages for migrants

POPE Francis on Thursday praised Singapore’s economic strength as a testament to human ingenuity but urged the city-state to look after the weakest, too, especially foreign workers, as he opened the final leg of his tour through some of Asia’s poorest countries in one of the world’s richest.

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1 min  |
September 13, 2024