The portfolio outstanding of the microfinance sector rose nearly 31% year-on-year (y-o-y) to Rs 4 trillion as on December 31, a report showed on Wednesday. The gross loan portfolio rose 6% quarter-on-quarter (q-o-q), according to the report.
The number of active loans rose 23.2% y-o-y to 155 million, the CRIF MicroLend report stated.
Loan disbursements rose 27.1% y-o-y to Rs 89,043 crore in the December quarter. Microfinance entities disbursed 18.7 million loans in the December quarter, up nearly 10% on a yearly basis.
The average ticket size of loans rose nearly 16% y-o-y to Rs 47,700 in the December quarter.
The portfolio at risk for more than 30 days past due is stable at 2.0% as on December 31. The portfolio at risk for more than 90 days past due is stable at 0.9% as on December 31.
The top 10 states by gross loan portfolio contribute to 83% of national gross loan portfolio. Bihar continues to dominate as the top state by gross loan portfolio as of December.
Around 52% of the portfolio of NBFC MFIs’ comprised loans of ticket size Rs 30,000-Rs 50,000, against 49.8% for small finance banks, 43.7% for non-banking financial companies, and 43.7% for banks.
Non-banking financial companies dominate the microfinance institutions market with a portfolio share of 38.3%, followed by banks at 33.4%, small finance banks at 17.4%, and diversified non-banking financial companies at 9.4% as on December 31.