NBFC-Microfinance institutions top in market share: Here're the details

The microfinance industry’s loan portfolio stood at Rs  1.79 trillion in FY19, a growth of 40 per cent over the preceding fiscal year. Of this, the share of non-banking financial companies-microfinance institutions (NBFC-MFI) was the highest at Rs 68,156 crore or 38 per cent of the portfolio; banks came next with Rs 59,999 crore (which includes both direct and indirect lending) with a share of 34 per cent.

NBFC-MFIs also have the highest number of unique live customers and they top on parameters like the number of active loans, size of the portfolio and the amounts disbursed. In terms of delinquency, banks have the lowest with a 30-plus delinquency at 0.50 per cent across all categories of lenders. A 30-plus delinquency is defined as accounts which are in the 30-179 days-past-due in servicing the interest.