Banks cede microfinance ground to NBFCs – Times of India
[ad_1] MUMBAI: Banks’ share in the outstanding loans to microfinance companies has dropped to 31% in Sept 2023 from 40% in Sept 2021. Banks have lost market share to non-banking finance companies and small finance banks during the period, with both these categories of lenders increasing their share.NBFCs (microfinance companies) had lost market share in…