Micro Finance Institutions Network (MFIN) has released a data regarding loans disbursed by non-banking companies acting as Micro Finance Institutions (NBFC-MFIs).Which of the following statements is/are correct regarding the given information-
I.According to Micro Finance Institutions Network (MFIN) data, loans disbursed by non-banking companies acting as Micro Finance Institutions (NBFC-MFIs) rose by 45.8 percent year-on-year to Rs 34,234 crore in April-June 2023 (Q1 FY24).
II.NBFC-MFIs received a total of Rs 15,708 crore in debt funding in Q1 FY24, which is 65.7 per cent higher than in Q1 FY23.
III. Banks contributed the most, with a share of 64.5 per cent of the total borrowing received, followed by non-bank entities at 13 per cent, External Commercial Borrowings at 12 per cent and All India Financial Institutions at 6.4 per cent.
According to Micro Finance Institutions Network (MFIN) data, loans disbursed by non-banking companies acting as Micro Finance Institutions (NBFC-MFIs) rose by 45.8 percent year-on-year to Rs 30,398 crore in April-June 2023 (Q1 FY24) as against Rs 20,845 crore in April-June 2022 (Q1 FY23). Sequentially, however, the disbursements were much lower compared to Rs 41,490 crore in January-March 2023 (Q4 FY23), the final quarter of the financial year ended March 2023 (FY23). NBFC-MFIs received a total of Rs 15,708 crore in debt funding in Q1 FY24, which is 65.7 per cent higher than in Q1 FY23. Banks contributed the most, with a share of 64.5 per cent of the total borrowing received, followed by External Commercial Borrowings at 13 per cent, non-bank entities at 12 per cent and All India Financial Institutions at 6.4 per cent.
Sale of gold jewellery and gold artefacts hallmarked with only a six-digit alphanumeric HUID — union identification number will be permitted from ____...
Which of the following has been launched to strengthen the digital infrastructure of the country by the government of India?
An MoU was signed between the___________ and the Skill Council for Persons with Disability (SCPwD) with the aim of equipping the corporates in terms o...
On 23rd December, 2022, Kaikala Satyanarayana passed away at the age of 87 years at his residence due to some illness, he was related to which of the fo...
What is the title of the conference organized by the Ministry of Law and Justice?
Which private sector bank in India has acquire Citibank’s India consumer business for an amount of USD 1.6 billion (Rs 12,325 crores)?
What is the primary goal of establishing new testing laboratories for cotton and textiles in India?
SEBI has made inflexible norms for Foreign Portfolio Investors (FPIs), asking them to disclose any material change in their structure and common ownersh...
G20's second Environment and Climate Sustainability Working Group (ECSWG) Meeting to be held in _____ from 27-29, March 2023.
Adani New Industries Ltd (ANIL) and the French giant TotalEnergies will invest $50 billion over 10 years in green hydrogen and, in the initial phase, bu...