CreditAccess Grameen reported a rise in the default ratio for microloans in Karnataka after the state introduced an ordinance to regulate microfinance activities. The portfolio at risk increased to 7.9% in Karnataka by February, up from 4.3% previously. Despite this, assets under management grew, indicating an overall business normalization.
from Banking/Finance-Industry-Economic Times https://ift.tt/dRYjb7L
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