Chandra Shekhar Ghosh has turned a small microfinance NGO into a formidable private bank
The technological interventions were necessitated by the increasing cases of defaults in the microfinance segment
The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions
KPMG said the MFI sectors awaited parity in terms of restrictions related to lending when compared to small finance banks
With multiple lenders chasing same set of borrowers in rural areas, signs of over-borrowing are now apparent in microfinance
NBFCs-MFIs accounted for 28% of the total portfolio
Several MFI players reported over 98 per cent collection efficiencies for the loans disbursed after January 2017