Microfinance
8 recent notes from companies in this sector. 5 companies tracked.
Spandana Sphoorty loses chairperson Abanti Mitra
Abanti Mitra, independent director and chairperson since 2021, died on July 13. Her loss is a governance blow to a small-cap NBFC-MFI stabilising after stress, but operational disruption is limited.
Muthoot Microfin posts sharp collection recovery, launches gold loan co-lending
Q1 AUM hit ₹14,457 cr, up 18% YoY. Collection efficiency jumped 497 bps to 97.97%, and disbursements surged 49% to ₹2,645 cr. The lender also started gold loans with parent Muthoot Fincorp.
CreditAccess Grameen's loan book crosses ₹30,300 cr as asset quality firms
Disbursements hit a Q1 record of ₹6,107 cr. PAR 90+ drops to 1.5% from 2.3% in March. Retail finance share rises to 21% from 7% a year ago.
Suryoday SFB's Q1 advances up 33%, CASA jumps 53%
Provisional numbers show strong deposit growth and stable asset quality; CGFMU claims of ₹387 cr received.
Suryoday lands ₹387 cr CGFMU claim – 20% of its market cap
The small finance bank received the full guarantee payout in July, a cash injection that can directly boost Q1 profit and capital ratios. At 20.8% of market cap, the sum is extraordinary even if the bank calls it routine.
Muthoot Microfin seeks ₹4,000 cr via NCDs, board to decide on June 30
The microfinance lender's proposed debt programme exceeds its ₹3,464 cr market cap, signalling a major balance-sheet expansion. The board will authorise the plan for FY27.
Spandana absorbs tiny subsidiary, swaps 73 shares for every 100 Criss held.
The microfinance lender will merge 99.92%-owned Criss Financial into itself, cutting a layer of corporate overhead and freeing capital for secured lending. A handful of minority shareholders get a swap ratio.
Arman aims to cut operating costs by a third as it exits credit cycle
The micro-lender targets a 7% cost-to-AUM ratio, down from ~9%, with a return-on-assets goal of 3.5-4% as it shifts away from group lending.