Banking & FinanceFinanceFinanceInFocusNews

SIDBI, Equifax Launched Microfinance Pulse

Sharing is caring!

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.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: