 "villagers, accounts, micro-finance")
With their pool of micro-finance loans vulnerable to defaults declining, non-banking finance companies – micro finance institutions (NBFC-MFIs) have started recovering from the impact of demonetisation.
The portfolio of loans at risk (PAR) with dues over 30 days declined to 5.41 per cent at the end of September 2017 from 9.78 per cent at the end of June 2017, according to the Micro Finance Institutions Network (MFIN). Similarly, PAR with dues over 90 days stood at 5.19 per cent in the September quarter, compared to 7.08 per cent in the June quarter.
The sector witnessed a 24 per
The portfolio of loans at risk (PAR) with dues over 30 days declined to 5.41 per cent at the end of September 2017 from 9.78 per cent at the end of June 2017, according to the Micro Finance Institutions Network (MFIN). Similarly, PAR with dues over 90 days stood at 5.19 per cent in the September quarter, compared to 7.08 per cent in the June quarter.
The sector witnessed a 24 per
