Loan disbursements by non-banking financial companies-microfinance institutions (NBFC-MFIs) declined 96% to ₹570 crore in the first quarter of the current financial year, according to a report by Microfinance Institutions Network (MFIN).

It had stood at ₹15,865 crore in the corresponding quarter of the previous year. The data pertains to NBFC-MFI members of MFIN, an industry association of the microfinance sector. Analysis of NBFC-MFIs is based on data collected from 54 members registered with the Reserve Bank of India, MFIN said.

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

Posts You May Love to Read !!
Categories: business

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *