MFI gross loan portfolio stands at 2.9 trillion rupees at end of March: report
The gross loan portfolio (GLP) of The microfinance sector grew by 10.2% to almost Rs 2.9 million at the end of March, according to a report.
The same stood at Rs 2.6 lakh crore a year ago.
On a sequential basis, GLP increased 8.6% in the period ending March 2022.
Banks continue to dominate the microfinance market with a portfolio share of 37.7%. Next come NBFC-MFIs with a share of 33.3% and small financial banks (SFBs) with 17.1%, in March 2022, according to a quarterly report published by CRIF High Mark, a credit information bureau. , Wednesday.
In the fourth quarter of FY22, loans of Rs 191.2 lakh were disbursed, a growth of 15.5% from the third quarter of FY22. However, this is down 17.2% from the fourth quarter of FY21.
Industry direct customer base grew 1.7% year-over-year and 3.4% quarter-on-quarter.
On a yearly basis, rural markets grew by 13.5 percent and the urban market recorded growth of 5.7 percent in March 2022, he said.
The top 10 states made up 83.4% of the national gross loan portfolio during the period. Bihar, Uttar Pradesh and Rajasthan recorded the strongest quarterly growth of 16.6%, 16.4% and 11.3% respectively at the end of March.
The portfolio at risk (PAR) for more than 30 days past due (DPD) decreased from 9.2% in December 2021 to 6% in March 2022. The PAR for 90+ DPD decreased from 3.7% to 2, 7% over the same period. period, the report says.
PAR is the proportion of the delinquent portfolio that is more than 0 days past due, he said.
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