Latest news with #MFIN
Yahoo
2 days ago
- Business
- Yahoo
Medallion Financial Corp. to Report 2025 Second Quarter Results on Wednesday, July 30, 2025
Conference Call Scheduled for 9:00 am ET on Thursday, July 31, 2025 NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, the 'Company'), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its financial results for the quarter ended June 30, 2025, after market close on Wednesday, July 30, 2025. Live Conference Call and Webcast A conference call to discuss these financial results will be held as follows: Date: Thursday, July 31, 2025 Time: 9:00 a.m. ET Dial-in number: (412) 317-0504 Live webcast: Link to Webcast of 2Q25 Earnings Call A link to the live audio webcast of the conference call will also be available at the Company's IR website. Replay Information The conference call replay will be available following the end of the call through Thursday, August 7, 2025. Dial-in number: (412) 317-6671 Passcode: 10201134 Additionally, the webcast replay will be available at the Company's IR website. About Medallion Financial Corp. Medallion Financial Corp. (NASDAQ: MFIN) and its subsidiaries originate and service a growing portfolio of consumer loans and mezzanine loans in various industries, and loan products and services offered through fintech strategic partners. Key industries served include recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and its largest subsidiary, Medallion Bank, is headquartered in Salt Lake City, Utah. For more information, please visit Contacts: Medallion Financial Corp. 212-328-2176InvestorRelations@ Investor RelationsThe Equity Group Catilcati@ (212) 836-9611 Val Ferrarovferraro@ (212) 836-9633
The Hindu
14-06-2025
- Business
- The Hindu
Tamil Nadu has highest average outstanding loan amount per account in microfinance sector
Tamil Nadu has the highest average loan outstanding per account in the microfinance sector, as per data from industry association Micro Finance Industry Network (MFIN). Bihar continues to be the largest state in terms of portfolio outstanding followed by Tamil Nadu and Uttar Pradesh in the microfinance sector. Among the top 10 states, Tamil Nadu has the highest average loan outstanding per account of ₹31,131 followed by West Bengal at ₹30,488, as per the data. 'Tamil Nadu is one of the oldest states with microfinance presence. The loan size and loan outstanding in the past was generally a factor of client vintage and their repayment performance and with every new cycle a borrower would get a higher loan amount. So naturally, the client vintage in Tamil Nadu is higher than other states and which explains the higher average loan outstanding,' Alok Misra, CEO and Director, MFIN, said. Tamil Nadu's Gross State Domestic Product (GSDP) for the financial year 2024-25 is estimated at ₹17.23 lakh crore, according to the Union Ministry of Statistics and Programme Implementation and is the 2nd ranked state in terms of contribution to the GDP of India. Further as per Economic Survey of Tamil Nadu 2024-25, Per Capita Income of Tamil Nadu in 2022-23 was ₹2.78 lakh, 1.6 times the national average of ₹1.69 lakh and was ranked as the fourth-largest state in terms of per capita income, he pointed out. This also shows a higher loan absorption capacity of microfinance borrowers in the state, which reflects in the high average loan outstanding per account. Still then it is only marginally higher than the All India average loan outstanding of ₹28,285, Mr. Misra said. 'Among the top 10 states with the highest outstanding loans, four—Bihar, Tamil Nadu, West Bengal and Karnataka have above average outstanding loan amount. While the differences among these states are relatively narrow, Tamil Nadu stands out with the highest average outstanding loan amount. This is largely driven by a consistent trend of higher disbursements in larger loan sizes in recent months. Additionally, the growing credit maturity of Microfinance Institution (MFI) borrowers in Tamil Nadu has further contributed to this trend,' Ramkumar Gunasekaran, Director and Head of Sales, CRIF High Mark, a credit bureau. The Gross Loan Portfolio (GLP) of the microfinance industry in Tamil Nadu stood at ₹46,689 Crore as on March 31, 2025.
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Business Standard
11-06-2025
- Business
- Business Standard
Microfinance loan disbursal falls 25% to ₹1.12 trillion in FY25
Loan disbursed by microfinance institutions (MFIs) have declined by 25 per cent to Rs 1.12 trillion in FY25 reflecting stress in the sector. Loan amount of Rs 1,12,459 crore was disbursed in 2024-25 through 2.2 crore accounts, including disbursement of owned as well as managed portfolio, Microfinance Institution Network (MFIN), an umbrella body of the microfinance institutions (MFIs), said in its report released on Wednesday. MFIs loan disbursement in FY25 was 25.4 per cent lower than the amount disbursed in 2023-24, it said. However, the average loan amount disbursed per account during FY25 was Rs 50,131 which increased by 12.3 per cent in comparison to the last financial year. During the year, the report said, NBFC-MFIs received a total of Rs 57,307 crore in debt funding, a 35.7 per cent decrease from previous year. Banks contributed 78.4 per cent of the total borrowing received followed by non-bank entities 11.9 per cent, ECB 5.1 per cent, All India Financial Institution 3.1 per cent and others 1.5 per cent, it said. Total equity decreased by 1.8 per cent to Rs 35,759 crore as compared to previous year. During the quarter ended March 31, 2025, Asset Under Management (AUM) of MFIs came down by 11.9 per cent to Rs 1,47,279 crore. AUM decreased by 11.9 per cent compared to March 31, 2024 and decreased 2.4 per cent compared to December 31, 2024. In terms of regional distribution of portfolio (AUM), East and North-East accounts for 33 per cent of the total NBFC-MFI portfolio, South 28 per cent, North 17 per cent, West 14 per cent, and Central contributes 9 per cent. Last week, RBI Deputy Governor M Rajeshwar Rao said microfinance continues to suffer from the vicious cycle of over-indebtedness, high interest rates and harsh recovery practices. While microfinance has played an important role in financial inclusion, some issues need attention, Rao had said. "The sector continues to suffer from the vicious cycle of over-indebtedness, high interest rates and harsh recovery practices. While some moderation in interest rates charged on microfinance loans has been observed in recent quarters, pockets of high interest rates and elevated margins continue to persist," he had said.
Economic Times
11-06-2025
- Business
- Economic Times
Microfinance sector sees equity, borrowing and loan book shrink in FY25
Microfinance companies faced sharp declines in equity, borrowing, and loan portfolios in FY25, reflecting stress and cautious lending in the NBFC-MFI segment. NBFC-MFIs saw their equity shrink 1.8% and debt funding drop 36% in FY25 amid tightened lending by banks and investors. Loan portfolios also contracted nearly 14% as lenders slowed disbursements due to asset quality concerns. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The equity capital of pure-bred microfinance companies shrank 1.8% in 2024-25 while their outstanding annual borrowing saw a 36% drop as investors and banks tightened purse strings amid the stress in the microfinance companies are classified as non-banking finance company-microfinance institutions (NBFC-MFI).Total equity decreased 1.8% to Rs 35,759 crore at the end of March, the Microfinance Institutions Network (MFIN) said in its March quarter report. During 2024-25, NBFC-MFIs received a total of Rs 57,307 crore in debt funding, a 35.7% decrease from the previous financial is one of the two self-regulators for the to the data, banks contributed 78.4% of NBFC-MFIs' total annual borrowing in 2024-25. Other NBFCs contributed 11.9%, followed by external commercial borrowing (5.1%) and other sources (4.6%).The size of the gross microfinance loan portfolio contracted about 13.9% year-on-year to Rs 3.81 lakh crore at the end of 2024-25, according to CRIF High Mark data . The cumulative gross loan size for MFIN members declined 13.5% to Rs 3.75 lakh crore, as lenders slowed disbursement amid severe asset quality stress Among the regulated entities active in the microfinance segment, portfolio size of all entity types fell except for NBFCs, which saw a 4.1% year-on-year increase, said the MFIN report In terms of geographical coverage, east, northeast and south comprised 62.7% of the total microfinance portfolio. Portfolio quality as measured by PAR 31-180 – which indicates the percentage of a loan portfolio considered at risk of default within 31 to 180 days of delinquency – was 6.3% against 2.2% at the end of FY25.
Time of India
11-06-2025
- Business
- Time of India
Microfinance sector sees equity, borrowing and loan book shrink in FY25
The equity capital of pure-bred microfinance companies shrank 1.8% in 2024-25 while their outstanding annual borrowing saw a 36% drop as investors and banks tightened purse strings amid the stress in the sector. These microfinance companies are classified as non-banking finance company-microfinance institutions (NBFC-MFI). Total equity decreased 1.8% to Rs 35,759 crore at the end of March, the Microfinance Institutions Network (MFIN) said in its March quarter report. During 2024-25, NBFC-MFIs received a total of Rs 57,307 crore in debt funding, a 35.7% decrease from the previous financial year. MFIN is one of the two self-regulators for the sector. According to the data, banks contributed 78.4% of NBFC-MFIs' total annual borrowing in 2024-25. Other NBFCs contributed 11.9%, followed by external commercial borrowing (5.1%) and other sources (4.6%). The size of the gross microfinance loan portfolio contracted about 13.9% year-on-year to Rs 3.81 lakh crore at the end of 2024-25, according to CRIF High Mark data . The cumulative gross loan size for MFIN members declined 13.5% to Rs 3.75 lakh crore, as lenders slowed disbursement amid severe asset quality stress . Among the regulated entities active in the microfinance segment, portfolio size of all entity types fell except for NBFCs, which saw a 4.1% year-on-year increase, said the MFIN report . In terms of geographical coverage, east, northeast and south comprised 62.7% of the total microfinance portfolio. Portfolio quality as measured by PAR 31-180 – which indicates the percentage of a loan portfolio considered at risk of default within 31 to 180 days of delinquency – was 6.3% against 2.2% at the end of FY25.
