The second wave of the pandemic impacted the business volume of microfinanciers during the first half due to poor collections and the resultant moderation in fresh lending. The industry closed the first six months of the current fiscal with asset growth of only five per cent, rating agency ICRA said in the report released on Wednesday.source https://economictimes.indiatimes.com/industry/banking/finance/mfis-may-close-fy22-with-12-15-pc-loan-growth-as-delinquencies-fall-report/articleshow/88567521.cms
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