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Note ban crimps MFIs' securitisation by 21% in FY17

Last year MFI securitisation volumes had increased 80 per cent to around Rs 9,000 crore

Press Trust of India  |  Mumbai 

Hit hard by the note ban, securitisation volume of microfinance institutions (MFIs) fell 21 per cent to around Rs 7,150 crore in fiscal 2017 compared to Rs 9,000 crore last year, says a report. Domestic rating agency Icra said MFIs raised nearly Rs 5,500 crore through the securitisation route in the first six months of fiscal 2017 but this fell to just around Rs 1,650 crore in the second half. Last year MFI securitisation volumes had increased 80 per cent to around Rs 9,000 crore. "The dip in micro loan securitisation volume is primarily due to the impact of the demonetisation ...

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First Published: Mon, April 17 2017. 19:34 IST
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