 "Even though the equity market was opened up for foreign investors immediately after the early 1990s, the norms for foreign investment in debt were released in 1995 and in 1997, Rs 29 crore trickled in")
Despite slowdown, microfinance industry witnessed a growth of 42.9 per cent in Q1 FY20 over Q1 FY19. However, the asset quality has marginally deteriorated, data released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions (MFIs) shows. The total microfinance loan portfolio stood at Rs 1, 90,684 crores as on 30th June 2019.
According to data from MFIN, the PAR>30 days, or the principal value outstanding of loans that have at least one payment more than 30 days overdue, has gone up from 0.67 per cent at the of Q1 of FY19 to 0.93 per cent at
