 "MFI sector growth falters and defaults rise with Assam protests, slowdown")
Growth in the microfinance sector has tapered and defaults are on the rise. The slowdown in the sector is being attributed to the recent spate of defaults in Assam, along with other factors like natural calamities, over-lending and liquidity issues in the non-banking finance sector.
According to the latest report from CRIF High Mark, the credit bureau for the microfinance segment, Q2 of FY 2019-20 witnessed overall higher delinquency levels than in Q1. PAR 1-30 (portfolio at risk open for loans overdue between one and 30 days) was contained at one per cent during the quarter ended June 2019 after rising
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