Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS'21 to JAS'22. Highest number of loans are issued under 30k-40k ticket size category and it witnessed annual growth of 13% from JAS'21 to JAS'22.
The 15th edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS’21 to JAS’22.
At the same time, we must keep in mind interest rates are on the rise following three consecutive rate hikes by the Reserve Bank in four months, said Raoul Kapoor, Co-CEO, Andromeda Sales and Distributions Pvt Ltd.The retail industry reported 46 crore active loans as of March 2022, the study added.Headquartered in Atlanta, Equifax is a data, analytics, and technology company.
Equifax Inc. (NYSE:EFX), a data, analytics, and technology company, and PwC India collaborated to launch a first-of-its-kind report on the retail lending landscape in India. The first edition of the report highlighted the impact of COVID-19 and resulting disruption on sourcing and delinquency trends by loan type, lender type, and geography.
Microfinance Industry Resilient in 2020 with Strong Growth: Equifax-SIDBI Study
Tuesday, April 27, 2021 4:34PM IST (11:04AM GMT)
Mumbai, Maharashtra, India: The 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