Finance
Big GuyIndia's Microfinance Sector Wakes Up with a Growth Slice
Hey there, sports fans! India's microfinance sector is finally waking up after a long snooze, growing its loan portfolio for the first time in seven quarters—up over 3%! Alok Misra, the big guy at MFIN, is all smiles, but he warns us to keep an eye on the skies and world shenanigans. Who knew finance could be this exciting?
few days ago | Aathira Varier
Quick rundown
1.India's microfinance sector shows signs of recovery.
2.Loan portfolio grows for the first time in seven quarters.
3.Asset quality improves to pre-March 2024 levels.
4.Credit Guarantee Scheme extended to August 2026.
5.Eastern region leads with 36.6% of the microfinance market.
