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4 NBFCs Registration Cancelled, 13 Surrender Certificates to RBI – Moneylife

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Stress in microfinance: Q2 sees further increase in delinquencies across all ticket sizes, lender types – The Financial Express

Stress in India’s microfinance sector continued during the second quarter of the current financial year. Q2 FY25 witnessed a further increase in delinquencies across all DPD (days past due) bands and across all ticket sizes and lender types, according to the latest quarterly report on the microfinance sector by credit bureau Crif High Mark. 
The delinquent portfolio (portfolio at risk or PAR) by up to 30 days increased to 2.1 per cent of the overall microfinance portfolio as of September 2024 from 1.2 per cent as of June. Likewise, loans due for over 31 days and up to 180 days increased to 4.3 per cent during the September quarter from 2.7 per cent in the June quarter. Loans unpaid for over 91 days and up to 180 days jumped to 1.8 per cent and those unpaid for over 180 days increased to 2.6 per cent. 
Lender-wise, PAR 31-180 was higher for small finance banks compared to other major lenders. It increased to 4.3 per cent for banks and NBFC-MFIs while for NBFCs it increased to 2.5 per cent and for small finance banks it jumped to 5.4 per cent in the September quarter from 2.6 per cent, 2.5 per cent, 1.5 per cent, and 3.7 per cent respectively in June quarter. 
The highest deterioration was observed in Rs 30,000-50,000 ticket size loans with PAR 31-180 increasing to 5.3 per cent during the September quarter from 3.1 per cent in the June quarter followed by 4.5 per cent for loans below Rs 30,000, 3.6 per cent for Rs 50,000-80,000 loans. 
The rise in delinquencies has come amid a contraction in the overall microfinance portfolio in September. According to the data, the microfinance portfolio stood at Rs 4.14 lakh crore, down by 4.3 per cent from Rs 4.32 lakh crore in the June quarter which had declined by 2.3 per cent from Rs 4.42 lakh crore during the March quarter. 
Moreover, the active loan account also declined by 3.7 per cent in the September quarter to Rs 15.3 crore from Rs 15.9 crore in the June quarter.  
Further, the amount and loan count disbursed also dropped by 13.3 per cent and 16.1 per cent respectively. The amount disbursed during the September quarter declined to Rs 69,296 crore from Rs 79,894 crore in the June quarter while disbursed loan volume also narrowed to 1.37 crore from 1.63 crore. 
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RBI Cancels Four NBFC Registrations, 13 Companies Voluntarily Surrender Licenses – Pune Pulse

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The Reserve Bank of India (RBI) has recently revoked the registration certificates of four non-banking financial companies (NBFCs) as part of its regulatory oversight. The RBI’s action, announced on Friday, is aimed at maintaining the stability and adherence to regulations within the financial sector.
The four companies whose registrations were cancelled are Bharatpur Investment Ltd from Rajasthan, KS Finlease Limited based in Madhya Pradesh, Build Con Finance Limited from Tamil Nadu, and Operating Lease and Hire Purchase Company Limited, also registered in Tamil Nadu. The RBI stated that these firms will no longer be permitted to conduct business as NBFCs under the Reserve Bank of India Act, 1934.
In addition, the RBI has accepted the surrender of registration from 13 other NBFCs. Among these, Tamil Nadu-based Suguna Fincorp and Spam Merchants from West Bengal exited the NBFC sector. Other firms, such as Maham Holdings Private Limited and Padmalakshmi Holdings, did not meet the criteria for Core Investment Companies (CICs) that do not need registration, leading to their certificates being cancelled.
The remaining companies that surrendered their certificates include Umang Commercial Co Private Limited and Madura Micro Finance Limited from West Bengal, as well as several others from Maharashtra and Tamil Nadu. These entities ceased operations due to reasons such as amalgamation, merger, dissolution, or voluntary strike-off, as detailed by the RBI.
This regulatory action reflects the RBI’s commitment to ensuring that financial institutions comply with required standards and contribute to a stable financial environment.











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Difficult to lower rates without easy funds: Microfinance institutions – The Economic Times

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