Credit Flow to MSMEs Continues To Grow With Broad-based Expansion Across Semi Urban and Rural Geographies orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Latest News at LatestLY. The overall commercial credit portfolio grew 11 per cent in the September quarter to Rs 28.2 lakh crore, a credit information company said on Wednesday. Latest News | Commercial Lending Up 11 Pc in Sept Qtr, Delinquencies Decline to 2-year Low: Report.
The commercial credit portfolio of Indian micro, small, and medium enterprises grew 11% YoY in Jul-Sep due to accelerating economic activity. The credit exposure reached Rs 28.2 lakh crores, and supply volumes grew by 20% YoY. Technology played a pivotal role in enhancing credit flow.
According to a credit information company s report released on Wednesday, the commercial credit portfolio expanded by 11 percent in the September quarter, reaching Rs 28.2 lakh crore. The delinquency rate by the end of the September quarter decreased to its lowest point in the past two years, as indicated in the quarterly report by Sidbi and Transunion Cibil.
Semi-urban, rural regions comprise 46% MSME loan originations in Q2 FY24 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.