Microfinance industry grows 26% year-on-year to Rs 3.24 lakh crore by December end

The massive jump in their gross portfolio cemented NBFC-MFIs' dominance in the sector with 38.5% market share. Only three months back, NBFC-MFIs regained their leadership in lending to the economically weaker section by overtaking banks. Banks enjoyed 35.7% market share at the end of December, according to a quarterly report published by Sa-Dhan, a microfinance industry body.

from Banking/Finance-Industry-Economic Times https://ift.tt/SDA91k4