Mfi Loan Defaults Rise A Tad In Karnataka But Trend Is Better Creditaccess Grameen

business mfi loan defaults rise a tad in karnataka but trend is better creditaccess grameen

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CreditAccess Grameen reported a rise in the default ratio for microloans in Karnataka after the state introduced an ordinance to regulate microfinance activities. The portfolio at risk increased to 7.9% in Karnataka by February, up from 4.3% previously. Despite this, assets under management grew, indicating an overall business normalization.

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