Microfinance sector in India witnesses Q-o-Q growth of 8.6% in the books, and Y-o-Y growth of 10.2% as of March 2022

The latest edition of the CRIF MicroLend Report Vol XIX provides insights into the micro-lending industry in India as of March 2022. 

Key Takeaways

• 8.6% Q-o-Q growth in the Microfinance books in Q4 FY22, and Y-o-Y growth of 10.2% as of March 2022
• Banks continue to dominate the market with a portfolio share of 37.7%, NBFC MFIs 33.3% and SFBs 17.1%, as of March 2022
• PAR 30+ DPD improved from 9.2% as of December 2021 to 6% as of March 2022; PAR 90+ DPD improved from 3.7% to 2.7% during the same period
• Top 10 states constitute 83.4% of the National GLP, Bihar recording the highest Q-o-Q growth of 16.6% as of March 2022
• ₹77.4K crore originations (by value) and 191.2 lakh originations (by volume) in Q4 FY22
• Quarterly growth of 4.8% in Avg. balance per account and 5.4% in Avg. balance per unique customer as of March 2022
• New to Credit (NTC) inquiries from November 2021 to March 2022 in the range of 16%-22%

About CRIF MicroLend 

MicroLend is a quarterly publication from CRIF High Mark on Microfinance lending in India. The publication presents trends & analysis of key parameters such as Gross Loan Portfolio, Growth, Market Share, Borrower Leverage, Compliance and Portfolio Risks. The report also divides the data for major states and Urban/Rural geographies. The semi-urban portfolio is reported as part of the urban part in the report.