Tuesday , March 31 2020
Home / Business / Microfinance Industry records healthy growth in Q2, 2018-19

Microfinance Industry records healthy growth in Q2, 2018-19

Chennai,2018: Q2 of FY 2018-19 has reposed a robust growth for the India’sMicrofinance industry. According to a report published by the largest andoldest industry association & SRO Sa-Dhanandbased on data provided by 133 microfinance institutions, total Gross Loan Portfoliostands at ₹ 63,081 crores – an increase of 9% from previous quarter.

As per the report, NBFC-MFIs have the largest market share (35.63%), followed by Banks (30.47%), SFBs (20.44%) and others (13.46%) in Q2. Market share of NBFC-MFIs and SFBs has increased by 0.66% and 0.29% from Q1 of FY 2018-19, while market share of Banks and Others has decreased by 0.24% and 0.71% respectively.

Q2 also registered an increase of 8% over Q1 in client outreach, pegging the sector with over 299 lakh clients. The Report states that the overall NPA of the sector is at 0.63%. There are 17 states whose PAR value (Portfolio at Risk >30 days) is below the national NPA level. Among the top five states Bihar, West Bengal and Odisha has a PAR of 30 days (Portfolio at Risk >30 days) is lower than 1%.

About Admin

Check Also

Tamil Nadu government designates Indian Overseas Bank for Coronavirus Donation

Chennai, March 28, 2020 – Indian Overseas Bank (IOB), one of the leading public sector …

Leave a Reply

Your email address will not be published. Required fields are marked *