NEW DELHI :
Total gross loan portfolio of the microfinance industry stands at ₹65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37%, according to a report by Sa-Dhan.
The report is based on data provided by 124 microfinance institutions.
Combined microcredit portfolio of all lenders as on December 31, 2018, was ₹1,57,497 crore of which NBFC-MFIs are leading with ₹60,117 crore and 38.17% market share, followed by banks with ₹52,556 crore and 33.37 per cent market share.
It also said the combined microcredit disbursement of all players during the quarter was ₹50,942 crore. Of this, banks are leading with ₹19,618 crore and 38.51% share, followed by NBFC-MFIs with ₹19,426 crore and 38.13% share.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.