Banks’ microfinance share falls to 21.8%, CRIF High Mark says
In short
Banks’ share of the microfinance loan book fell to 21.8% from 31.3% a year ago, CRIF High Mark data showed. The move means NBFC microfinance lenders have taken a bigger slice of the sector.
What the reporting says
Banks’ share of the industry microfinance loan book fell to 21.8% from 31.3% a year ago, according to CRIF High Mark data cited in BusinessLine. The update says non-banking finance company microfinance institutions have tightened their grip on the sector. The reported shift shows banks retreating from microfinance while specialist lenders expand their share.
Why it matters
CRIF High Mark data cited by BusinessLine shows banks’ share of the microfinance industry loan book dropping to 21.8% from 31.3% a year earlier. The shift points to NBFC-microfinance lenders strengthening their position in the sector. The figures are relevant for lenders competing in microfinance and for the broader credit market.