Business Reporter
MICROLENDING portfolio across
lenders of all categories grew 30.9 per
cent to Rs 4.02 lakh crore during the
December quarter.
When compared
with the preceding
September quarterend,
the overall portfolio
showed a 6 per
cent growth, the
report by a credit
information company
said.
N o n - b a n k i n g
finance companymicrofinance
institutions
(NBFCs-MFI) continue to dominate
the sector, with a market share
of 38.3 per cent, followed by 33.4 per
cent for banks, 17.4 per cent for small
finance banks and 9.4 per cent with
NBFCs, it said.
From an asset quality perspective,
the loans that are not serviced for over
30 days were stable at 2 per cent, while
the same for over 90 days was also stable
at 0.9 per cent.
The average balance per borrower
inched up to Rs 48,900 during the
December quarter, as against Rs 48,200
in the quarter-ago
period and Rs 46,900
in the year-ago period,
the data said.
A bulk 83.4 per cent
of the borrowers had
exposure to less than
2 lenders in
December, with
Tamil Nadu having
the highest prevalence
of multiple borrowings
per borrower,
itsaid.WestBengalandUttarPradesh
witnessed the highest growth during
the quarter when compared with the
preceding quarter, but Bihar had
the highest share in the gross loan
portfolio, it said.
The top ten states constitute 83 per
cent of the overall pie in the microlending
industry, it said.