The gross loan portfolio of MFIs rose to Rs. 2.9 trillion by March-end: According to Report


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The Gross Loan Portfolio, (GLP) A report says that the industry grew 10.2 percent to Rs. 2.9 lakh crore by March.

In the previous year, it was Rs 2.6 lakh crore.

Sequentially, the GLP rose 8.6% in the period ending March 2022.

The banks continue to dominate market with a portfolio share at 37.7 %. This is followed by NBFC MFIs, which have a share of 33.3 percent, and Small According to a report by CRIF High Mark (a credit information bureau), the Banks (SFBs), were at 17.1 percent as of March 2022.

The fourth quarter of FY22 saw Rs 191.2 lakh The disbursed funds increased by 15.5 percent compared to the previous quarter of FY22. It was however, 17.2 percent lower than the fourth quarter FY21.

The industry’s live customer base grew by 1.7% year-on-year (yo-y) and 3.4% quarter-onquarter.

It said that rural markets grew by 13.5 percent and urban markets grew by 5.7 percent on a yo-y basis as of March 2022.

The top 10 states made up 83.4 percent of the total national gross loan portfolio. As of March 31, 2016, 16,4 and 11.3 percent respectively, were the highest quarter-on–quarter growth rates in Bihar, Uttar Pradesh, and Rajasthan.

Portfolio At Risk (PAR), for 30+ Days Past Due (DPD), improved from 9.2 percent as of December 2021, to 6 percent as of March 2022. According to the report, PAR for 90+ DPD rose from 3.7% up to 2.7% over the same time period.

PAR refers to the percentage of portfolio that is outstanding and is not paid by the due date.

(The headline and the picture in this report were not reworked by Business Standard staff. All other content is auto-generated using a syndicated feed.


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