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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...

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