As of September 2023, NBFC-micro financial institutions in India had a market share of 41 percent in the microfinance industry. Banks followed closely with 30 percent in market share. Market share of NBFCs has been increasing and share of banks have been decreasing since 2020.
Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type
Characteristic
Banks
Non banking financial companies-Micro financial institutions (NBFC-MFIs)
Small finance banks (SFBs)
Non banking financial companies (NBFCs)
Not for Profit MFIs
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SIDBI. (March 22, 2024). Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. "Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type." Chart. March 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. (2024). Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI. "Market Share of Credit Lenders for Microfinance Industry in India from December 2020 to September 2023, by Lender Type." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/
SIDBI, Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type Statista, https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/ (last visited August 25, 2024)
Market share of credit lenders for microfinance industry in India from December 2020 to September 2023, by lender type [Graph], SIDBI, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/