 "MSME loan portfolio's delinquency rate down to two year low of 2.3%: Report")
The loan portfolio delinquency rate of micro, small and medium enterprises (MSME) declined to a two-year low of 2.3 per cent in the September quarter of 2023-24 (Q2FY24), according to the TransUnion CIBIL-SIDBI report released on Wednesday.
The delinquency rate is the percentage of loans that are overdue by more than 90 days.
The MSME loan demand across lenders — private sector, public sector banks (PSBs) and non-banking finance companies (NBFCs) — rose 29 per cent year-on-year (Y-o-Y).
The private banks have the least number of delinquent portfolios at 1.5 per cent, while the PSBs stood at 3.2 per cent. The delinquency rate for NBFCs was 2.9 per cent. Rates of all three lending classes fell over a period of September 2022 and September 2021.
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