‘MFI gross loan portfolio grew 6.4% as of Dec.’

[ad_1]

Read More/Less


The gross loan portfolio of the microfinance sector grew by 6.4% to ₹2.27 lakh crore as of December 2020 as against ₹2.13 lakh crore a year earlier, according to a report.

The average ticket size of microfinance loans stood at ₹34,900 in the December quarter of the current fiscal, according to a report by credit information bureau CRIF High Mark.

“With a nearly 80% increase over the previous quarter [Q2 FY2020-21], disbursements by value stood at ₹56,090 crore [in Q3 FY 2020-21], which was 11.5% lower than Q3 FY2019-20,” the quarterly report said.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

[ad_2]

READ FULL ARTICLE HERE