Microfinance, 2-wheeler loan sectors on recovery ride after a bumpy journey
microfinance and two-wheeler loans, have recently shown the signs of recovery after a bumpy journey, reported TOI.
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The microfinance sector is stabilising, with improved loan quality and portfolio shifts, while the two-wheeler finance industry is growing, supported by high vehicle sales, rising urbanisation, and deeper market penetration.
The Microfinance Institutions Network (MFIN) reports a slight decline in NBFC-MFI portfolios by 3.8% from Dec 2023 to Dec 2024, but NBFCs have expanded their portfolios by 22.2%, signaling growth, as per the TOI report.
Loan quality has improved with fewer delinquencies, especially in the 31-180 day basket. As of Dec 2024, the sector serves 7.9 crore borrowers through 13.9 crore accounts, with the East and North East regions leading the market.
Microfinance firms are strengthening internal controls and risk management to address the RBI’s measures to reduce risks, including focusing on reducing over-indebtedness. Banks continue to be the largest funding source, contributing 61.3% of outstanding borrowings.
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