IndusInd Bank Expects Microfinance Growth in Q2
· Business · Business Standard
IndusInd Bank management stated that the challenging period for its microfinance business has concluded. The bank anticipates a return to growth in the second quarter of the current financial year. This outlook follows a phase of volatility that impacted micro-lending operations across the sector. The bank's leadership confirmed that the underlying pressure on the portfolio has eased.
Why it matters
The recovery of the microfinance segment is critical for IndusInd Bank's overall asset quality and credit growth, directly impacting its performance in the retail lending market.
Read the original report — Business Standard
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.