EQUIFAX INDIA DATA
Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPO
Arohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With better asset quality, stable growth outlook, and recovering loan portfolios, the company aims to capitalise on renewed investor confidence.
Small finance banks make it big on micro revival
Small finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loan portfolio expansion, exceeding 20%. This positive trend was significantly supported by a revival in microfinance lending. Asset quality also saw notable improvement across these banking entities. This indicates a healthy recovery in the bottom of the pyramid borrower segment.
Real-time checks to improve discipline in credit cycle
Lenders will now report to credit bureaus weekly, a shift from fortnightly, enhancing real-time borrower risk assessment. This move is expected to improve underwriting standards by enabling continuous monitoring and reassessment of borrower risk throughout the loan lifecycle. Digitised lending products will be crucial for this transition, allowing for almost real-time borrower behavior monitoring and faster response to emerging stress.
Repaid your car loan but unable to sell? Your vehicle may still be marked as hypothecated to the bank; you need to do this now
Paying your final car loan EMI doesn't automatically make the vehicle legally yours. Hypothecation, where the bank's name appears on your registration certificate, remains until you formally remove it. You must obtain a No Objection Certificate (NOC) and Form 35 from the lender and submit them to the RTO to transfer full ownership.
Microfinance lenders now give bigger loans to existing borrowers
India's microfinance sector is seeing a significant shift. Lenders are now offering larger loans to existing customers with good repayment histories. The average loan size has reached its highest point. This indicates growing lender confidence and a move towards more substantial lending. New loan disbursements are also showing steady growth.
At bottom of the pyramid, 21 million small borrowers have dropped out
Twenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance crisis. Many have returned to private moneylenders. This trend reflects tighter lending rules and market contraction. Loan disbursements saw a recent increase, indicating a slow recovery.
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Microfinance in revival mode; MFIs, private banks expand business in January
The microfinance sector is consolidating after a period of stress. Private banks and NBFC-MFIs have increased their lending portfolios. While overall market saw a slight dip, early delinquency rates are improving. Experts anticipate a return to normal growth by the end of the first quarter of FY27. This marks an inflection point for the industry.
Cutting risk cuts microfin's portfolio, recovery likely next fiscal
Microfinance loan portfolios have been declining since April 2024, according to industry leaders. This trend began after reaching a high of Rs 4.43 lakh crore. The decrease is attributed to loan repayments exceeding new loan disbursements across the sector.
Microfinance shows spark but shrinks to lowest in 3 years
The Indian microfinance market has shrunk to ₹3.22 lakh crore, marking a significant 16% year-on-year decline and reaching a three-year low. This contraction is attributed to a large bank reclassifying micro loans as retail and an acceleration in writing off bad loans, despite some lenders showing improved recovery and business normalization.
Pine Labs' Setu names former SAP executive Anand Raisinghani new CEO
API infrastructure company Setu, affiliated with merchant-focused digital payments firm Pine Labs, announced the appointment of Anand Raisinghani as its new CEO. With over two decades of experience, Raisinghani previously served as Vice President and Head of Professional Services at SAP India, and has worked with tech giants like Equifax, IBM, and Wipro. He will collaborate closely with Setu's co-founder Nikhil Kumar.
India's 112 most under-developed districts becomes credit-worthy
Microfinance portfolio outstanding in 112 of such districts stood at Rs 28,737 crore at the end of June, compared with Rs 11,175 crore as just before the launch of the programme in January 2018, a joint report by Equifax and Small Industries Development Bank of India (Sidbi) showed.
Mswipe develops MSME score for risk based credit
The new tool will make assessment of MSME creditworthiness easier and provide the opportunity to differentiate risks thereby opening possibilities of dynamic pricing of credit solutions.
Advance.AI appoints Darshan Shah as India Managing Director
Advance.AI works with over 100 enterprises in India to provide digital transformation, fraud prevention and process automation for enterprise clients.
Lenders will have to do a better job, and channels that they use need to evolve: Shahid Charania, MD, Equifax
Shahid Charania, managing director, emerging markets,Equifax, discusses how India is going through a shift in credit behaviour with millennials embracing tech for quick loans.
Equifax Analytics ties up with AccountScore
The partnership will provide a full range of products and services to prospective users like banks, NBFCs and financial institutions in India and the Middle East.
Indian software engineering manager charged with insider trading in US
The SEC said Bonthu committed securities fraud by engaging in illegal insider trading in the securities of information solutions and human resources company Equifax.
Have you applied for your free credit report?
Starting January 1, 2017, every individual is entitled to a free credit report, along with the credit score. Here’s how you can get one.
No credit history? No problem
Financial institutions are increasingly using phone data to gauge credit-worthiness of a consumer. However, some of the phone data could open up the risk of being used to discriminate against potential borrowers.
PSU banks lent nearly double of private banks in Q1 of 2016
Within the total secured portfolio, mortgage, auto and gold loans accounted for 51% of the total receivables, as per Equifax India Consumer Credit Trends Report.
CreditMantri ties up with Equifax for instant credit score
They have over 29 lenders on their platform and offers products and services to users across credit profiles, credit products made available to users include custom credit products.
Equifax India completes acquisition of Nettpositive
Equifax India had acquired a majority interest in the company in 2012, and has finished picking up the residual stake now, the company said in a statement.
Equifax India launches a new product for multiple data collection
The solution is custom-created for the India marketplace and serves as router that connects the lender’s loan processing systems directly with all the major credit bureaus.
MFIs delinquency rate declines 20 per cent in April-October this fiscal
Delinquency rate by the number of accounts that are more than 30 days outstanding has declined 20 pc from 1 per cent in April to 0.8 pc in October 2013.
Equifax partners with IFC for MFU credit score
Credit information company Equifax India today said it has partnered with IFC, a World Bank group member, to offer micro-finance risk scores.
Credit bureaus help Microfinance institutions bring down loan defaults
MFIs have been able to bring down the rate of loan defaults three years after an Andhra Pradesh crackdown led to a crisis in the industry.
SBI to invest in Equifax Credit Information Services
Credit information companies share data and credit score of users of credit cards and borrowers with banks to help them understand risk and pricing.
US-based Equifax acquires Bangalore-based data analytics startup NettPositive
US-based consumer credit reporting agency has acquired 51% stake in Bangalore-based data analytics and business intelligence startup NettPositive for an undisclosed sum.
Axis, PNB, 5 others buy 51% stake in UK's Experian
The participating banks are Axis Bank, Union Bank of India, Punjab National Bank, Federal Bank and Indian Bank.
Now, insurers & telcos too can check your credit history
Mobile phone operators may reject your application for a post-paid connection if they are not satisfied with your credit data. Monitoring financial health | Impact of Inflation
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