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Microfinance institutions (MFIs) saw a healthy 69 per cent growth in their gross loan portfolio at Rs 42,106 crore in the April-June quarter compared to that in the same period of last year. Gross loan portfolio of micro-lenders stood at Rs 24,975 crore in the first quarter of the previous fiscal.
Microfinance institutions (MFIs) saw a healthy 69 per cent growth in their gross loan portfolio at Rs 42,106 crore in the April-June quarter compared to that in the same period of last year. Gross loan portfolio of micro-lenders stood at Rs 24,975 crore in the first quarter of the previous fiscal.
It was at Rs 38,412 crore in the quarter ended March 2015. "For giving a more realistic industry status, gross loan portfolio numbers shown are after excluding non-performing portfolios in Andhra and SKS portfolio in Andhra," Microfinance Institutions Network (Mfin) said in a report. Mfin is the self-regulatory organisation of RBI-regulated NBFC-MFIs. The analysis is based on data collected from 52 NBFC-MFIs, all of which have either received or have applied for NBFC-MFI registration to RBI.
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