Room for strong growth for microfinance in India: KPMG

"Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market," KPMG India national head (Financial Services) Gayathri Parthasarathy said in a report. Microfinance players have also been actively pursuing activities beyond lending to meet their social objectives and improve their margins, the report added.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PyW4HA