Self Help Groups India

State-run banks dominate Indian microfinance – RBI

MUMBAI, Dec 17 (Reuters) – Indian state-run banks dominate disbursements to the microfinance sector while private banks lagged, the central bank said in a report on Wednesday.

rbi microfinance

State-run banks disbursed 88 percent of total loans to various self-help groups (SHGs) where its recovery rate varied between 52-99 percent, the Reserve Bank of India said in its “Report on Trend & Progress of Banking in India, 2007-08.”

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Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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