MFI loans decline 2.3 pc in June qtr, NPAs rise: Report

Loan portfolio of microlenders fell by 2.3 per cent in April-June, reaching Rs 4.32 lakh crore. Non-performing assets surged during this period. Over-leveraging among borrowers has been flagged as a key issue. There was also a significant fall in loan disbursements. Non-banking finance companies showed some growth, while banks had the steepest decline.