Tuesday, December 13, 2022

NBFC-MFIs group overtakes banks in microfinance lending

The portfolio size of NBFC-MFIs has grown nearly 7% quarter-on-quarter to Rs 101678 crore at the end of September, which is 37.53% of the total microfinance market. In contrast, banks engaged in microfinance saw their total microfinance portfolio shrink 0.45% quarter-on-quarter to Rs 97998 crore, accounting for 36.18% of the market.

source https://economictimes.indiatimes.com/industry/banking/finance/nbfc-mfis-group-overtakes-banks-in-microfinance-lending/articleshow/96194151.cms

No comments:

Post a Comment