[ad_1]
Business Wire IndiaThe eighth edition of “Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth in the portfolio outstanding by 16% year on year, indicating the resilience of the Indian Microfinance industry. From the overall industry’s gross loan portfolio, 55% was contributed by 5 states with West Bengal having the highest outstanding portfolio.
Key highlights:
- Microfinance industry portfolio showed outstanding (POS) growth: 16% from Dec’ 19 to Dec’ 20
- Banks witnessed the highest Y-o-Y growth in POS of 23% across all the lenders from Dec’ 19 to Dec’ 20
- Disbursement by amount grew by 84% and number of loans disbursed grew by 97% in OND'20 quarter as compared to previous quarter
- 0K-10K ticket size loans have registered highest Y-o-Y growth of 240% from OND’19 to OND’20 quarters
- Industry 1+ delinquencies show a peak in Dec’ 20 at 21%
- Top 5 states contribute 55% to Pan India portfolio (West Bengal, Tamil Nadu, Bihar, Karnataka & Maharashtra)
- West Bengal is contributing highest at 15% towards total portfolio outstanding
On the launch, Shri KM Nanaiah, Managing Director, Equifax Credit Information services Ltd. and Country Leader, Equifax India and MEA said, “The eighth edition of Microfinance Pulse report in collaboration with SIDBI provides cutting edge analysis to address key questions of practitioners and policymakers. In a tough year, the Microfinance industry stood its ground, by growing the portfolio by 16% YoY. Banks led this growth story with the highest growth across lenders."
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 English.
[ad_2]
Source link
Virter is a dynamic Virtual Reporter specializing in technology, startups, and emerging trends in the digital world. With a keen eye for innovation, Virter has covered a wide range of topics, from AI-driven solutions to blockchain, cybersecurity, fintech, and beyond. Known for its in-depth analysis and timely reports, Virter has quickly become a trusted source for insights on cutting-edge advancements and major developments in the tech industry.
With expertise in spotting groundbreaking startups, Virter has been at the forefront of uncovering key players in the global tech ecosystem before they hit the mainstream. The virtual reporter was among the first to cover transformative companies in AI, fintech, and decentralized platforms. Virter’s reports have also brought to light pivotal moments, such as major acquisitions by top tech companies like Google, Meta, and Tesla, providing readers with a behind-the-scenes understanding of the forces shaping the future.
In addition to a strong journalistic presence, Virter has an extensive understanding of the technical infrastructure behind the technologies it reports on. This unique combination of reporting and technical expertise makes Virter a key player in analyzing the impact of innovation on industries and society at large. Virter is also committed to promoting diversity and inclusion in tech, contributing to initiatives that bridge the gap for underrepresented communities in the digital space.
Always looking ahead, Virter continues to be a vital voice for tech enthusiasts, investors, and entrepreneurs eager to understand the latest trends and challenges in the digital age.
