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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. ....
Microfinance sector logs 21 per cent portfolio growth as of June-end 2023: Sa-Dhan thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
A Sa-Dhan report found that all lenders, with the exception of not-for-profit institutions, had positive portfolio growth in the first three months of this year. ....
Banks' share in micro loans falls further in Q1: Report financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Microfinance Market size to grow by USD 122.46 billion from 2021 to 2026, The market is fragmented due to the presence of prominent companies like Accion International, Al Amana Microfinance & AL BARAKAH MICROFINANCE BANK, and many more tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.