Tag: NBFC

Assets under management of NBFC-MFIs’ rose 41.6 per cent y-o-y to ₹1.3 lakh crore as of June 2023, led by a 45.8 per cent increase in Q1 disbursals to ₹30,398 crore. The AUM accounted for 41 per cent of the total outstanding MFI loans as of June 2023.NBFC-MFIs disbursed these loans through 68.9 lakh accounts, as compared to disbursements of ₹20,845 crore in the year-ago period through 51.2 lakh accounts, as per Microfinance Industry Network (MFIN)’s Micrometer report for Q1FY24.Of the AUM as of June 2023, ₹1 lakh crore was owned...