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Banks cede microfinance ground to NBFCs
Banks' share in loans to microfinance companies dropped to 31% in Sept 2023. Non-banking finance companies and small finance banks gained market share. MFIs rebounded, growing their loan book by 86%. These loans qualify for priority sector.
Banks' share in loans to microfinance companies dropped to 31% in Sept 2023. Non-banking finance companies and small finance banks gained market share. MFIs rebounded, growing their loan book by 86%. These loans qualify for priority sector. 
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