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In September, the loan growth rate was 7.1 percent month-on-month.

Loans and finance for MSMEs Even microfinance loans targeting micro and small business owners and individuals caused severe damage to the sector’s growth in the first quarter of the pre-epidemic in Q4 FY21, the second wave and the following lock. Current financial year. Growth in lenders’ total credit portfolio grew by 7% quarterly (QoQ) in Q4FY21 from 253.8k crore to 236.1k crore in FY22 in April-June, according to the latest Criff Micro Linds report on the microfinance sector in India. Based on the growth from 234.1 km.

The quarter saw a sharp decline in QoQ, with significant losses. 23.7 km in Q1 FY22. The average ticket price is 38,400 km at 38,900 rubles, 361 rubles and 36,000 rubles at 36 km. . More than 60,000 loans have been reduced by only 2.5 percent. Even in terms of YoI performance, the average ticket price has improved by only 0.9 percent with a significant increase of 56.6 percent in the loan bracket of less than 10,000.

Last year there was a good recovery from July to December, and in the January-March 2021 quarter, although violations remained high, the recovery improved over the previous year. As a result of the second wave, the number of criminals has increased. However, from then until September of this year, monthly questions have improved. Therefore, we expect a good recovery in the second quarter of the fiscal year. He said that both the questionnaire and the origin were related and that we should see a corresponding increase in the origin.

Monthly growth in loan demand in September improved from 7.1 percent in August to 174 percent in May and 87 percent in July.

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In terms of abuses, portfolio is at risk (PAR) Or the size of the portfolio over 31-180 days (30+ DPD), calculated as a percentage of the total portfolio, was 15.4 percent in June 2021 – higher than 9.7 percent for all ticket sizes and all types of lenders in March 2021. On the other hand, PAR 90+ (over the past 91-180 days) DPD increased from 4.4 percent in the last quarter to 3.3 percent in June 2021. The highest PAR 90+ DPD in March 2021 from March 2020 to 7.4 percent in June 2021 to PAR 180+ DPD in March 2021 and FY21 in 4.5 percent in June.

June was one of the worst months for the sector, including small financial banks. Customers did not need new credit at the time because there were no productive purposes due to lock restrictions. However, things are back to normal after July, and I believe the pre-epidemic recovery will take place by December, given the high demand from customers during the holiday season. In Sati, our portfolio fell 3-4 percent in the first quarter, but we have recovered since then and in the first half of this fiscal year we have grown about 10 percent in our portfolio, ”said the Managing Director. , Satya Micro Capital told Financial Express Online.

The average rate also recovered from 21.3 kg in June last fiscal year to 22.7 kg in March last year. Moreover, while Banks dominated the market by 42 per cent (99.6k crore book size) followed by 30 per cent (72.1k crore book volume) by NBC. All types of lenders, including small banks and others.

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