Tag: Satin Creditcare Network Limited (SCNL)

Microfinance industry clocked 60% growth in FY16

Country’s Microfinance industry pegged at Rs 63,853 crore in 2015-16, is posting a growth of 60 per cent year-on-year, said a report. The high growth rate continues, despite Bandhan, which was the largest MFI, becoming a bank, Sa-Dhan’s Bharat Microfinance Report-2016 said. “While as of March 201…