The Hindu Business Line|January 14, 2020
Simultaneously, the asset quality in these loans continued to deteriorate for a second consecutive quarter.
The decline in credit growth to MSMEs, from 20 percent to 25 percent a year ago, was led by a slowdown across all ticket sizes, although the larger ticket-size segments (₹1 crore to ₹50 crore) saw steeper deceleration. The loan book has declined sequentially for two consecutive quarters (down 3 percent in the first half of FY20), the report said.
MSMEs accounted for about 28 percent of the overall commercial lending in India as of Q2, with an on-balance sheet loan outstanding of ₹18.3-lakh crore.
PSB market share
You can read upto 3 premium stories before you subscribe to Magzter GOLD
Log-in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories and 5,000+ magazines
READ THE ENTIRE ISSUE
January 14, 2020