 "mf, micro finance, mutual fund")
Five listed microfinance institutions (MFIs), as a group, were in the red with a loss of ₹1,241 crore in the third quarter ended December 2024 (Q3FY25) on ballooning provisions and write-offs for stressed assets.
These five non-banking financial companies (NBFCs) working as MFIs had posted a net profit of ₹844.8 crore in the same quarter a year ago (Q3FY24).
They had posted a net loss of ₹229 crore in the second quarter ended September 2024 (Q2FY25), according to analysis based on Capitaline data.
The provisions and write-offs of these MFIs jumped to ₹2,357 crore in Q3FY25 from ₹378.1 crore a
