MUMBAI: The gross mortgage portfolio (GLP) of microfinance trade grew by 5.16 per cent to Rs 2.43 lakh crore as on September 30, 2021 from Rs 2.31 lakh crore within the year-ago interval, based on a report by Microfinance Establishments Community (MFIN) on Wednesday. MFIN is an trade affiliation comprising of 58 NBFC-MFIs and 39 associates together with banks, small finance banks (SFBs) and NBFCs.
The trade served 5.65 crore distinctive debtors, by way of 10.52 crore mortgage accounts as of September-end.
As of September 30, 2021, 13 banks held the most important share of portfolio in micro-credit with whole mortgage excellent of Rs 1.01 lakh crore, which is 41.52 per cent of whole microcredit universe.
NBFC-MFIs (non-banking monetary company-microfinance establishment) are the second largest supplier of micro-credit with a mortgage quantity excellent of Rs 82,749 crore, accounting for 33.95 per cent to whole trade portfolio, the report mentioned.
Small finance banks (SFBs) had a complete mortgage quantity excellent of Rs 40,534 crore with a complete share of 16.63 per cent.
NBFCs accounted for an additional 6.85 per cent and different MFIs account for 1.05 per cent of the universe, the report mentioned.
The microfinance lively mortgage accounts rose by 0.22 per cent throughout the previous 12 months to 10.52 crore as on September 30, 2021. By way of regional distribution of GLP, east and northeast and south accounted for 65 per cent of the whole portfolio, it mentioned.
The report mentioned gross mortgage portfolio of NBFC-MFIs elevated by 15.45 per cent to Rs 81,408 crore as on September 30, 2021, as in comparison with Rs 70,512 crore as on September 30, 2020. The GLP contains an owned portfolio of Rs 71,010 crore and managed portfolio of Rs 10,398 crore.
As on September 30, 2021, NBFC-MFIs, on an aggregated foundation, had a community of 15,789 branches with 1,31,009 staff.
Within the second quarter of fiscal 2021-22, NBFC-MFIs disbursed a mortgage quantity of Rs 19,672 crore by way of 54.26 lakh accounts, as in comparison with Rs 8,155 crore disbursed in Q2 of FY 2020-21 by way of 25.99 lakh accounts, the report mentioned.
Common mortgage quantity disbursed per account throughout Q2 FY 2021-22 was Rs 36,251 which is a rise of round 15.54 per cent compared to the identical quarter of final monetary yr.
NBFC-MFIs acquired a complete of Rs 14,389 crore in debt funding throughout Q2 FY 2021-22, which is a 46.86 p.c enhance from the year-ago quarter.
Complete fairness of the NBFC-MFIs grew by 12.16 per cent year-on-year to Rs 19,139 crore as on September 30, 2021, the report mentioned.
The trade served 5.65 crore distinctive debtors, by way of 10.52 crore mortgage accounts as of September-end.
As of September 30, 2021, 13 banks held the most important share of portfolio in micro-credit with whole mortgage excellent of Rs 1.01 lakh crore, which is 41.52 per cent of whole microcredit universe.
NBFC-MFIs (non-banking monetary company-microfinance establishment) are the second largest supplier of micro-credit with a mortgage quantity excellent of Rs 82,749 crore, accounting for 33.95 per cent to whole trade portfolio, the report mentioned.
Small finance banks (SFBs) had a complete mortgage quantity excellent of Rs 40,534 crore with a complete share of 16.63 per cent.
NBFCs accounted for an additional 6.85 per cent and different MFIs account for 1.05 per cent of the universe, the report mentioned.
The microfinance lively mortgage accounts rose by 0.22 per cent throughout the previous 12 months to 10.52 crore as on September 30, 2021. By way of regional distribution of GLP, east and northeast and south accounted for 65 per cent of the whole portfolio, it mentioned.
The report mentioned gross mortgage portfolio of NBFC-MFIs elevated by 15.45 per cent to Rs 81,408 crore as on September 30, 2021, as in comparison with Rs 70,512 crore as on September 30, 2020. The GLP contains an owned portfolio of Rs 71,010 crore and managed portfolio of Rs 10,398 crore.
As on September 30, 2021, NBFC-MFIs, on an aggregated foundation, had a community of 15,789 branches with 1,31,009 staff.
Within the second quarter of fiscal 2021-22, NBFC-MFIs disbursed a mortgage quantity of Rs 19,672 crore by way of 54.26 lakh accounts, as in comparison with Rs 8,155 crore disbursed in Q2 of FY 2020-21 by way of 25.99 lakh accounts, the report mentioned.
Common mortgage quantity disbursed per account throughout Q2 FY 2021-22 was Rs 36,251 which is a rise of round 15.54 per cent compared to the identical quarter of final monetary yr.
NBFC-MFIs acquired a complete of Rs 14,389 crore in debt funding throughout Q2 FY 2021-22, which is a 46.86 p.c enhance from the year-ago quarter.
Complete fairness of the NBFC-MFIs grew by 12.16 per cent year-on-year to Rs 19,139 crore as on September 30, 2021, the report mentioned.
Supply: Times of India