NBFCs accounted for another 6.85% and other MFIs account for 1.05% of the universe, the report said
Centrum's lending operation (small business loans and microfinance) would be integrated into the bank in the first phase.
Non-performing assets (NPAs) have gone up by 8-14% as compared to pre-Covid times for microfinance institutions
The collection on securitised loans are set to see a recovery post the second wave once the restrictions are slowly lifted
Government will guarantee banks to lend to NBFC- MFIs for on-lending to their small microfinance borrowers
Microfinance has helped poor people with small loans for start tiny enterprise but it has also overburdened many with unsustainable debt
RBI also suggests no requirement of collateral, and greater flexibility of repayment frequency for all microfinance loans
Bandhan Bank's total advances during the COVID-ravaged year stood at Rs 87,054 crore, which is 21% (more/less) compared to FY20 i.e. Rs 72,000 crore
The average ticket size of microfinance loans stood at Rs 34,900 in the December quarter of the current fiscal
