NBFC-MFIs dominate microfinance market, says new report

It said that NBFC-MFIs surpassed banks by a thin margin. Banks as a group controls 34.8% of the market, in which lenders provide micro loans without collateral to joint liability group members. Loans given by banks to self help group members are not included here.

from Banking/Finance-Industry-Economic Times https://ift.tt/DgqZhI3