Asirvad MFI appoints Satish Nair as President and CEO

Jun 07, 2024

Kochi (Kerala) [India], June 7: Asirvad Micro Finance Limited ('Asirvad'), a subsidiary of Manappuram Finance Limited (MAFIL) (BSE: 531213) (NSE: MANAPPURAM), has appointed Satish...

Indian Micro Finance sector grows by over 2,100% in 12 yrs

Jan 09, 2025

As per the MFI stateholders, the industry has grown more than 2176 per cent over 12 years.

NBFC-MFI sector may see more restructuring of portfolio: Crisil

Jun 12, 2021

Mumbai (Maharashtra) [India], June 12 : A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs...

MFI Spandana Sphoorty to buy Criss Financial for Rs 50 cr

Mar 11, 2021

Hyderabad (Telangana) [India], March 11 : Micro-finance institution Spandana Sphoorty Financial Ltd on Thursday approved an investment of Rs 50 crore in equity share...

Microfinance sector to remain in distress in FY 25 - Motilal Oswal

Oct 21, 2024

The microfinance sector (MFI) is expected to remain under distress for the entire current financial year, according to a recent report by Motilal Oswal.

Microfinance sector set for strong comeback, MFI AUM growth seen at 20%: Crisil

Jul 01, 2026

Microfinance institutions (MFIs) are expected to return to stronger growth this financial year, with their assets under management (AUM) projected to expand around 20...