Rs 38,072 crore microfinance loans written off as of March 2024; loans unpaid beyond 180 days swell: Report – SME News
The share of loans written off by microfinance lenders in their loan books continues to expand year-on-year. According to the latest quarterly report on microfinance lending by credit bureau Crif High Mark, the write-offs have jumped to 8.6 per cent (Rs 38,072 crore) of Rs 4.42 lakh crore in gross loan portfolio (GLP) as of March