GLP grew by 8.6 per cent on a sequential basis during the period ended March 2022.
Banks continue to dominate the microfinance market with a portfolio share of 37.7 per cent. It is followed by NBFC-MFIs with a share of 33.3 per cent and small finance bank (SFB) at 17.1 percent as of March 2022, according to a quarterly report released by CRIF High Marka credit information bureau, on Wednesday.
During Q4 of FY22, loans worth Rs 191.2 lakh were disbursed, an increase of 15.5 per cent over Q3 of FY22. However, it has declined by 17.2 per cent as compared to the fourth quarter of FY11.
The industry’s live customer base grew by 1.7 percent on a year-on-year basis and 3.4 percent on a quarter-on-quarter basis.
By March 2022, year-on-year growth in rural markets was 13.5 per cent and urban markets by 5.7 per cent.
The top 10 states constituted 83.4 per cent of the national gross debt portfolio during this period. A state in Eastern India, Uttar Pradesh And Rajasthan Rajasthan The highest quarter-on-quarter growth was recorded at 16.6 per cent, 16.4 per cent and 11.3 per cent respectively till the end of March.
The portfolio at risk (PAR) for 30 plus days past due (DPD) increased from 9.2 per cent in December 2021 to 6 per cent by March 2022. equal For 90+ DPDs improved from 3.7 percent to 2.7 percent during the same period, the report said.
PAR is the proportion of portfolio outstanding which is outstanding for more than 0 days, it said.