Non-banking finance companies-microfinance institutions (NBFC-MFIs) in India have seen a 43% year-on-year growth, allowing them to increase their share of the microfinance market to 41.28%, up from 35% a year ago. The overall gross micro loan portfolio grew 21% to Rs 3.59 lakh crore ($47.8bn) by the end of June. Small finance banks and other non-banking finance companies also saw their micro loan portfolios rise 24% each.
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