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First time in 4 years, MFIs overtake banks in microlending with 40 pc share

by AIP Online Bureau | Aug 24, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography

Given the inherent nature of the MFI asset class, these lenders are prone to event-based risks such as political, geographical uncertainties and are susceptible to natural calamities, Care Ratings said After a gap of four years, standalone MFIs overtook banks in...

MFIs’ assets under management likely to grow at 18-22% in FY2023: ICRA Report

by AIP Online Bureau | Feb 7, 2022 | Eco/Invest/Demography, Indian News

“The growth rate in the AUM of NBFC-MFIs is estimated to improve to 18-22 per cent in FY2023. There would, however, be downside risk to our estimates in case of significant disruptions caused by the new wave of infections in Q4 FY2022 or future waves if...

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