India’s Microfinance Industry Clocks 60% Growth In 2015-16: Report

New Delhi: India's microfinance industry was pegged at Rs. 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report. The high growth rate continues despite Bandhan becoming a bank, according to Sa-Dhan's Bharat Microfinance Report-2016 released on Wednesday. "While as of March 2016, the total loan portfolio of MFIs has reached an all-time high of over Rs. 63,853 crore clocking 31 per cent growth, but if […]

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