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.

from Banking/Finance-Industry-Economic Times https://ift.tt/NWmMTI3

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