Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Representative image - Bloomberg
The microfinance industry’s total loan portfolio grew 40 per cent to Rs 1,78,587 crore in FY19, with top 10 states accounting for 83 per cent of the gross loan portfolio, says a report.
In FY18, total loan portfolio of the industry had stood at Rs 1,27,223 crore.
“Market share of top 10 states in portfolio outstanding at Rs 1,48,440 crore is 83 per cent as of March 2019,” according to a joint report by Equifax and Small Industries Development Bank of India (SIDBI).
Bengal and Tamil Nadu contributed 34.7 per cent of the top 10 states. Followed by Bihar, and Karnataka are having portfolio of over 15,000 crore, indicating a highly concentrated market.
Bihar saw the highest growth at 54 per cent in FY19.
Sidbi chairman Mohammad Mustafa said, “growth in the overall microfinance portfolio is encouraging.”
In FY19, fresh loan disbursal stood at Rs 213,074 crore, an increase of 36 per cent over FY18, while disbursal in terms of volume grew 20 per cent.
NBFC-MFIs hold the largest share of portfolio in micro-credit with total loan outstanding of Rs 68,156 crore, accounting for 38 per cent of the total industry portfolio.
Delinquency level improved across all the days past due buckets. Portfolio at risk, which indicates the early delinquency rates, has come down from 4.74 per cent in FY18 to 1.40 per cent in FY19.
Risk level in the 60-89 days past due bracket has come down from 2.41 per cent in FY18 to 0.24 percent in FY19, the report said.
The industry is present in 619 districts and the top 30 districts comprised 25 per cent of portfolio outstanding whereas 213 districts contributed 80 per cent of the portfolio.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Option price falls more than it rises for the same change in underlying
A long-term vacation here is worth a check-in
The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
While good writing wars against the cliché, television gives it a natural home
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
The storming of the Capitol on January 6 could be the prelude to yet another chapter in the US’s long and ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor