SIDBI, Equifax Launched Microfinance Pulse
Small Industries Development Bank of India (SIDBI) and Equifax, collaborated to launch a first-of-its-kind newsletter “Microfinance Pulse” to track the lending trends in the microfinance sector.
The first edition of the newsletter reported that Non-Banking Financial Company – Microfinance Institutions (NBFC-MFIs) continue to maintain their market dominance with the market share of 38% in third quarter of financial year 2018-19 (Q3-FY19). Gross Loan Portfolio (GLP) for the industry stood at Rs. 1,57,644 crore as at end Q3-FY19, registering a quarter-on-quarter (Q-o-Q) growth of 7%.
The total number of active loans as at end Q3-FY19 were 8.22 crore showing a growth of 24% over as compared to the previous financial year.