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Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

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Abhijit Lele
1 min read Last Updated : Oct 21 2021 | 3:17 AM IST
Micro loan portfolio of lenders shrunk by 7 per cent to Rs 2.36 trillion in the June quarter (Q1FY22) over Rs 2.53 trillion in Q4FY21 (on economic disruption owing to second wave of Covid-19 pandemic.
 
The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies, according to CRIF Highmark.
 
The credit information bureau in Q1 review said the microfinance sector was quick to recover to pre-pandemic level by Q4FY21.
 

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Topics :Banking sectorloansMicrofinance

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