https://ift.tt/mI5lcU1
Business Wire India
The eleventh edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the outstanding portfolio of the Microfinance Industry has registered Q-o-Q growth of 2% as of Sept. 2021.
The outstanding portfolio of Microfinance Industry was ~ INR 2,26,000 crore as of Sept. 2021. Microfinance Industry disbursed loans worth INR 66,681 crore during July-Sept 2021 quarter registering a robust Y-o-Y growth of 96% by value and 94% by volume from the corresponding quarter during July-September 2020. Moreover, 90+ days past due delinquency also decreased to 2.95% in Sept 2021 from 3.01% in June 2021. Tamil Nadu, West Bengal, Bihar, Karnataka and Uttar Pradesh were the top 5 states in terms of portfolio outstanding as of Sept 2021. Tamil Nadu is the leading state with a portfolio outstanding of ~ INR 29,000 crore. Banks lead the industry with the highest portfolio outstanding of ~ INR 92,000 crore followed by NBFC-MFIs with portfolio outstanding of ~ INR 80,000 crores.
On the launch, Shri Sivasubramanian Ramann, Chairman & Managing Director, SIDBI said, “Microfinance has evolved as an important financial delivery mechanism to promote financial inclusion. Due to the hardship and loss of livelihoods caused by the pandemic, the sector needs a renewed focus of all the stakeholders. The declining delinquency trends in the sector in Sept 2021 quarter is also encouraging for the future growth prospective.”
On the launch, Shri KM Nanaiah, Managing Director, Equifax Credit Information services Pvt. Ltd. and Country Leader, Equifax India and MEA said, “The faster recovery in Microfinance disbursements after the second wave of COVID impact clearly demonstrates the resilience of the industry in the country. We believe this eleventh edition of Microfinance Pulse report in collaboration with SIDBI will provide valuable insights on the emerging trends in the Microfinance industry.”
Microfinance Pulse aims to provide insights on trends in the Indian Microfinance industry – from disbursements to delinquencies to top growing states and top loan categories. The report is being published in 12 vernacular languages in addition to Hindi and English.
Business Wire India
The eleventh edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the outstanding portfolio of the Microfinance Industry has registered Q-o-Q growth of 2% as of Sept. 2021.
The outstanding portfolio of Microfinance Industry was ~ INR 2,26,000 crore as of Sept. 2021. Microfinance Industry disbursed loans worth INR 66,681 crore during July-Sept 2021 quarter registering a robust Y-o-Y growth of 96% by value and 94% by volume from the corresponding quarter during July-September 2020. Moreover, 90+ days past due delinquency also decreased to 2.95% in Sept 2021 from 3.01% in June 2021. Tamil Nadu, West Bengal, Bihar, Karnataka and Uttar Pradesh were the top 5 states in terms of portfolio outstanding as of Sept 2021. Tamil Nadu is the leading state with a portfolio outstanding of ~ INR 29,000 crore. Banks lead the industry with the highest portfolio outstanding of ~ INR 92,000 crore followed by NBFC-MFIs with portfolio outstanding of ~ INR 80,000 crores.
On the launch, Shri Sivasubramanian Ramann, Chairman & Managing Director, SIDBI said, “Microfinance has evolved as an important financial delivery mechanism to promote financial inclusion. Due to the hardship and loss of livelihoods caused by the pandemic, the sector needs a renewed focus of all the stakeholders. The declining delinquency trends in the sector in Sept 2021 quarter is also encouraging for the future growth prospective.”
On the launch, Shri KM Nanaiah, Managing Director, Equifax Credit Information services Pvt. Ltd. and Country Leader, Equifax India and MEA said, “The faster recovery in Microfinance disbursements after the second wave of COVID impact clearly demonstrates the resilience of the industry in the country. We believe this eleventh edition of Microfinance Pulse report in collaboration with SIDBI will provide valuable insights on the emerging trends in the Microfinance industry.”
Microfinance Pulse aims to provide insights on trends in the Indian Microfinance industry – from disbursements to delinquencies to top growing states and top loan categories. The report is being published in 12 vernacular languages in addition to Hindi and English.
Advertisements