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Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22

NBFCs increase market share while that of banks dips

Topics
microfinance industry | NBFCs | Banks

Abhijit Lele  |  Mumbai 



chartmicrofinance
Imaging: Ajay Mohanty

The gross loan portfolio (GLP) of the sector in India rose by 10 per cent to Rs 2.85 trillion as on March 31, 2022 from Rs 2.59 trillion a year ago. Sequentially, the GLP rose by a litte more than 11 per cent, from Rs 2.56 trillion on December 31, 2021, according to data by Institutions Network (MFIN).

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First Published: Wed, June 15 2022. 13:56 IST

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