Issue 10. micrometer. data as of 30 th June 2014

Transcription

1 Issue 10 micrometer data as of 30 th June 2014

2 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without written permission from MFIN. However, data contained in this publication may be freely used for non-commercial purposes with acknowledgement. 2

3 contents 4 summary 5 introduction 6-17 highlights portfolio outreach disbursements funding financial data productivity ratios insurance and pension annexure grouping and listing of reporting aggregated data individual MFI data aggregated state level data state wise list of state level charts regional grouping of states 3

4 summary indicator as of 30 th June 2014 as of 30 th June 2013 yoy change (%) branches 10,074 9,220 9% employees 70,380 62,363 13% clients 26.5 mn 21.5 mn 23% glp (Rs) bn bn 44% loans disbursed (during Q1) 6.3 mn 4.7 mn 34% loan amount disbursed (during Q1) (Rs) 94.2 bn 63.8 bn 48% lives insured* 23.8 mn 23.0 mn 4% sum insured* (Rs) bn bn 28% pension accounts* 1.5 mn * insurance and pension products are delivered to the microfinance clients by in partnership with insurance companies/national pension scheme (NPS) 4

5 introduction This is the tenth issue of the MFIN MicroMeter. It provides an overview of the Indian Microfinance Industry (represented by NBFC- who on aggregated basis have over 90% of total microfinance industry business in the country) as of 30 th June 2014 and a comparative analysis with the corresponding quarter of previous fiscal year (Q1 fy 13-14) and previous quarter (Q4 fy 13-14). The analysis presented in this issue is based on data collected from 48 MFIN member NBFC (), 33 of whom have received the NBFC-MFI registration from RBI with the rest being under process Highlights As of 30 th June 2014, provided microcredit to over 26.5 mn clients During Q1 fy 14-15, increased their client base by 23% over Q1 fy The aggregate gross loan portfolio (glp) of stood at Rs bn (excluding non performing portfolio i.e. PAR > 180 days,in Andhra Pradesh which is close to Rs 28 bn), a growth of 44% over Q1 fy % of the showed positive yoy growth in glp over Q1 fy Disbursements (loan amount) in Q1 fy increased by 48% compared with Q1 fy number of loans disbursed by grew by 34% in Q1 fy compared with Q1 fy Funding to ( in Q1 fy 14-15) grew by 154% compared with Q1 fy Portfolio at Risk (PAR) figures (PAR 30, 90, 180) remained under 1% for Q1 fy Average loan amount disbursed per account remained < Rs 15,000 now cover 30 states/union territories and 493 districts. ' coverage is now geographically well dispersed with glp in east at 27%, south at 33%, west and north at 20% Productivity ratios for continued to improve. Glp per branch is now at Rs 26 mn, up by 32% over Q1 fy Insurance (credit life) to over 23.8 mn clients with sum insured of Rs bn was extended through MFI network Pension accounts were extended to over 1.5 mn clients through MFI network Notes For giving a more realistic industry status, the glp numbers shown are after excluding the non-performing portfolios in Andhra Pradesh (PAR > 180 days ). On this basis the adjustments, as required, have also been made in numbers pertaining to clients, loan accounts and total assets The data sets used are strictly comparable i.e. data is taken for same set of 48 for periods analyzed in this issue have been grouped based on glp as on 30 th June There are 18 with glp < Rs 1 bn, 18 with glp > Rs 1-5 bn and 12 with glp > Rs 5 bn grouped under CDR (Corporate Debt Structuring) are Asmitha, BSFL, Share, Spandana and Trident Loan outstanding per client, loan outstanding per account, loan disbursed per account and productivity ratios are the weighted average Financial data being unavailable for ESAF for Q1 fy 14-15, their Q4 fy data has been taken. Further, the financial data does not include data from L & T Finance and Muthoot as microfinance assets are only small portion of the total company assets Data on PAR, insurance and state wise disbursements not reported by SKS Data on pension is based on 14 who provide pension accounts to their microfinance clients 5

6 highlights portfolio Q1 fy Q4 fy Q1 fy top in terms of glp (Rs bn) As of 30 th June 2014, aggregate gross loan portfolio (glp) of stood at Rs bn*, growth of 44% over Q1 fy Medium size (glp > Rs 1-5 bn) registered highest growth of 47% over Q1 fy Bandhan SKS Janalakshmi Managed portfolio is Rs 44.2 bn, 17% of the glp Ten largest in terms of glp account for 74% of the total portfolio (all ) (glp > Rs 1-5 bn) glp (Rs bn) (glp > Rs 5 bn) Ujjivan Equitas Q1 fy Q4 fy Q1 fy Satin Spandana 9.55 Muthoot 8.84 GFSPL 8.45 Share 7.56 (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) Q1 fy Q1 fy * excluding non-performing portfolio (PAR > 180 days) in Andhra Pradesh which is roughly Rs 28 bn off-balance sheet portfolio (Rs bn) 6

7 highlights portfolio regional distribution of glp (as of 30th June 2014) Portfolio (glp) of is now more evenly distributed across various regions in the country. Share of east region in the glp is 27%, south is at 33% and west and north at 20% Five top states account for 59% of glp North 20% West 20% East 27% South 33% TN WB KA Q4 fy Q1 fy state wise distribution of glp (as of 30th June 2014) MH UP % 4% 5% Others 16% TN 15% WB 15% Bihar MP Assam % 6% UP 8% MH 10% KA 11% Odisha Kerala Bihar Madhya Pradesh Assam Odisha Kerala Others glp (Rs bn) * excluding non-performing portfolio (PAR > KA: Karnataka, MP: Madhya Pradesh, MH: Maharashtra, TN: Tamil Nadu, UP: Uttar Pradesh, WB: West Bengal 180 days) in Andhra Pradesh which is roughly Rs 28 bn 7

8 highlights portfolio state wise growth rates in glp (in Q1 fy over Q4 fy 13-14) (grouped by glp) with highest growth rates are shown in the charts States with highest growth in portfolio are Manipur, Himachal Pradesh, Jammu & Kashmir, Delhi and Assam Varam Jagdhan Saija M Power Navachetna Navachetna Varam M Power Saija Pahal % change Q1 fy over Q1 fy % change Q1 fy over Q4 fy % 24% 19% 15% 9% 145% 128% 118% 105% with glp < Rs 1 bn 356% Manipur Himachal Pradesh Jammu and Kashmir Delhi Assam Haryana Chhattisgarh Sikkim Kerala Rajasthan Uttar Pradesh Tamil Nadu Uttarakhand 16.2% 13.1% 9.1% 6.0% 5.4% 5.0% 4.9% 4.3% 4.3% 4.2% 4.0% 47.0% 39.5% % change Q1 fy over Q1 fy % change Q1 fy over Q4 fy Tripura Bihar 3.8% 3.8% Fusion Muthoot SVCL Annapurna Utkarsh Fusion Utkarsh Sonata FFSL Arohan 24% 18% 15% 12% 12% 105% 104% with glp > Rs 1 bn 145% 143% 173% Gujarat Punjab Odisha Karnataka Chandigarh Andhra Pradesh Maharashtra Madhya Pradesh West Bengal 3.7% 2.6% 2.6% 2.5% 1.7% 1.7% 1.4% 1.4% 0.4% 8

9 0.40% 0.50% 0.48% 0.28% 0.41% 0.36% 0.22% 0.36% 0.30% highlights portfolio In Q1 fy 14-15, portfolio at risk (PAR) remained under 1% Q1 fy Q1 fy Q4 fy PAR 30 PAR 90 PAR 180 PAR data does not include data from under CDR (Asmitha, BSFL, Share, Spandana and Trident) PAR data not reported for SKS 9

10 8,430 9,955 9,872 6,861 8,832 8,826 8,969 10,051 9,955 8,399 9,982 9, highlights outreach* Q4 fy Q1 fy Q1 fy state wise distribution of clients (as of 30th June, 2014) As of 30 th June 2014, reach over 26.5 mn clients Compared with Q1 fy 13-14, clients grew by 23% State level distribution of clients mirrors the distribution in terms of glp. Tamil Nadu and West Bengal are top states in terms of the clients Average loan outstanding per client on a Pan India basis remain less than Rs 10,000 (all ) (glp > Rs 1-5 bn) clients (mn) (glp > Rs 5 bn) 3% 4% 6% 6% Others 16% 7% UP 7% TN 16% MH 10% KA 10% WB 15% Bihar Madhya Pradesh Odisha Assam Kerala Others Q1 fy Q4 fy Q1 fy * excluding clients with non-performing portfolio (PAR > 180days) in Andhra Pradesh (all ) (glp > Rs 1-5 bn) avg loan outstanding per client (Rs) (glp > Rs 5 bn) 10

11 9,220 9,874 10, ,986 2,201 2,280 6,588 6,990 7,111 highlights outreach* have a network of 10,074 branches with over 46,000 loan officers across 30 states and union territories. Branches of grew by 9% compared with Q1 fy West Bengal, Tamil Nadu, Andhra Pradesh, Karnataka and Maharashtra are top states in terms of number of branches Maharashtra, MP, Tamil Nadu, Gujarat and Karnataka have the highest concentration of Q1 fy Q4 fy Q1 fy (all ) (glp > Rs 1-5 bn) branches (glp > Rs 5 bn) WB TN AP KA MH UP MP Bihar Odisha Gujarat Q4 fy Q1 fy branches state wise concentration of (as of 30th June 2014) Maharashtra Madhya Pradesh Tamil Nadu Gujarat Karnataka Bihar Uttar Pradesh Rajasthan West Bengal Jharkhand Odisha Uttarakhand Haryana Delhi Andhra Pradesh Chhattisgarh Kerala Pondicherry Kerala Punjab Goa Tripura Himachal Pradesh Meghalaya Chandigarh Sikkim Dadra and Nagar Haveli Jammu and Kashmir Manipur Mizoram AP: Andhra Pradesh. KA: Karnataka, MP: Madhya Pradesh, MH: Maharashtra, TN: Tamil Nadu, UP: Uttar Pradesh, WB: West Bengal * excluding clients with non-performing portfolio (PAR > 180days) in Andhra Pradesh 11

12 highlights disbursements Q1 fy Q4 fy Q1 fy top in terms of amount disbursed during Q1 fy14-15(rs bn) 0 40 During Q1 fy 14-15, disbursed over 6.3 mn loans worth Rs 94.2 bn Bandhan Compared with Q1 fy 13-14, number of loans disbursed grew by 34% and loan amount disbursed by 48% Average loan amount disbursed per account stood at Rs 14,936 Top ten in terms of disbursements account for 77% of total disbursements (all ) (glp > Rs 1-5 bn) loans disbursed (mn) Q1 fy Q4 fy Q1 fy (glp > Rs 5 bn) SKS Janalakshmi Ujjivan Equitas Spandana Muthoot 3.34 Grama Vidiyal 2.91 GFSPL 2.82 (all ) (glp > Rs 1-5 bn) loan amount disbursed (Rs bn) (glp > Rs 5 bn) Share 2.72 Q1 fy Q1 fy

13 highlights disbursements state wise distibution of loan amount disbursed (during Q1 fy 14-15) Q4 fy Q1 fy In Q1 fy 14-15, top states in terms of disbursements were West Bengal, Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh These states accounted approximately 60% of disbursements (loan amount disbursed) by 3% 4% 6% 6% Others 15% 7% UP 7% MH 9% WB 17% KA 10% TN 16% WB TN KA MH UP Bihar 5.46 Bihar Madhya Pradesh Assam Kerala Gujarat Others MP Assam Kerala 3.17 Gujarat 2.87 amount disbursed (Rs bn) KA: Karnataka, MP: Madhya Pradesh, MH: Maharashtra, TN: Tamil Nadu, UP: Uttar Pradesh, WB: West Bengal 13

14 highlights funding Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy During Q1 fy 14-15, received a total of Rs bn in debt funding (from Banks and other Financial Institutions). This represents a growth of 154% as compared to Q1 fy % of the funding came from Banks and rest from other Financial Institutions (FIs) Securitization of portfolio decreased by 40% compared with Q1 fy (all ) (glp > Rs 1-5 bn) funding (Rs bn) (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) securatiztion (Rs bn) (glp > Rs 5 bn) 100% 80% 60% 40% 20% 0% Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) Banks other FIs 14

15 highlights financial data* Q1 fy Q4 fy Q1 fy As of 30 th June 2014, have total assets of Rs bn, increase of 38% over Q1 fy Outstanding borrowings of stood at Rs bn as of 30 th June 2014, up by 42% from Q1 fy (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) total assets (Rs bn) Q1 fy Q4 fy Q1 fy * financial data being unavailable for ESAF for Q1 fy 14-15, their Q4 fy data has been taken. Further, financial data does not include data from L & T Finance and Muthoot as microfinance assets are only small portion to total company assets (all ) (glp > Rs 1-5 bn) outstanding borrowings (Rs bn) (glp > Rs 5 bn) 15

16 ,336 2,569 2,630 1,304 1,249 1,284 1,733 1,981 2,009 2,619 2,883 2,958 highlights productivity ratios Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy Productivity ratios have been improving over the year. Clients per loan officer ratio and clients per branch ratio increased by 9% and 13% respectively over Q1 fy Similarly, glp per loan officer and glp per branch increased by 28% and 30% respectively over Q1 fy Productivity ratio show improvements as scale up (all ) (glp > Rs 1-5 bn) clients per loan officer (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) clients per branch (glp > Rs 5 bn) Q1 fy Q4 fy Q1 fy Q1 fy Q4 fy Q1 fy (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) glp per loan officer (Rs mn) glp per branch (Rs mn) 16

17 mn Rs mn mn Rs bn highlights insurance and pension provided insurance (credit life) to over 23.8 mn clients with sum insured of Rs bn through their network Pension accounts extended by 14 to over 1.5 mn clients through MFI network Q1 fy Q1 fy Q1 fy Q1 fy lives insured (mn) sum insured (Rs bn) Insurance and pension products are delivered to the microfinance clients by in partnership with insurance companies/national pension scheme (NPS) Insurance data not reported by SKS number of Subscriptions number of Subscriptions under Swawlamban scheme Subscriptions amount Subscriptions amount under Swawlamban scheme

18 annexure grouping and listing of reporting (glp > Rs 1-5 bn) (glp > Rs 5 bn) n=18 n=18 n=12 Adhikar Annapurna Bandhan Namra Arohan Equitas ASA Asirvad ESAF Chaitanya Asmitha GFSPL Jagaran Belstar Grama Vidiyal Jagdhan BSFL Janalakshmi M Power BSS Muthoot Margdarshak Disha Satin Navachetna FFSL Share Pahal Fusion SKS Sahayog L & T Finance Spandana Saija Madura Ujjivan Samasta Smile Sarvodaya Nano Sonata Svasti Suryoday Trident SVCL VFS Swadhaar Varam Utkarsh 18

19 annexure aggregated industry data (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) branches Q1 fy , ,986 6,588 Q4 fy , ,201 6,990 Q1 fy , ,280 7,111 % change over Q1 fy % 6% 15% 8% % change over Q4 fy % 0% 4% 2% employees Q1 fy ,363 3,961 11,749 46,653 Q4 fy ,384 4,007 13,371 51,006 Q1 fy ,380 3,978 14,101 52,301 % change over Q1 fy % 0% 20% 12% % change over Q4 fy % -1% 5% 3% loan officers Q1 fy ,698 2,475 6,613 31,610 Q4 fy ,817 2,475 8,031 34,311 Q1 fy ,027 2,542 8,738 34,747 % change over Q1 fy % 3% 32% 10% % change over Q4 fy % 3% 9% 1% glp (Rs bn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 34% 48% 44% % change over Q4 fy % 3% 4% 3% clients (mn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 4% 33% 22% % change over Q4 fy % 3% 5% 4% loan amount standing per client (Rs) Q1 fy ,430 6,861 8,969 8,399 Q4 fy ,955 8,832 10,051 9,982 Q1 fy ,872 8,826 9,955 9,897 % change over Q1 fy % 29% 11% 18% % change over Q4 fy % 0% -1% -1% 19

20 annexure aggregated industry data (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) loans disbursed (mn, quarterly) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 0% 33% 36% % change over Q4 fy % -30% -12% -17% loan amount disbursed (Rs bn, quarterly) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 16% 45% 50% % change over Q4 fy % -27% -11% -20% avg amount disbursed per loan account (Rs) Q1 fy ,584 12,479 14,807 13,423 Q4 fy ,343 13,823 15,885 15,321 Q1 fy ,936 14,351 16,119 14,752 % change over Q1 fy % 15% 9% 10% % change over Q4 fy % 4% 1% -4% total funding (Rs bn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 168% 128% 162% % change over Q4 fy % -44% -48% -38% securitization (Rs bn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 171% -27% -50% % change over Q4 fy % -83% -89% -97% outstanding borrowings (Rs bn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 17% 34% 44% % change over Q4 fy % -37% -9% -1% 20

21 annexure aggregated industry data (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) (all ) (glp > Rs 1-5 bn) (glp > Rs 5 bn) total assets (Rs bn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 34% 43% 37% % change over Q4 fy % 12% -3% 1% clients per loan officer Q1 fy Q4 fy Q1 fy % change over Q1 fy % 1% 1% 11% % change over Q4 fy % 0% -3% 3% glp per employee (Rs mn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 30% 11% 31% % change over Q4 fy % 0% -5% 2% glp per branch (Rs mn) Q1 fy Q4 fy Q1 fy % change over Q1 fy % 27% 29% 33% % change over Q4 fy % 3% 0% 2% clients per branch Q1 fy ,336 1,304 1,733 2,619 Q4 fy ,569 1,249 1,981 2,883 Q1 fy ,630 1,284 2,009 2,958 % change over Q1 fy % -2% 16% 13% % change over Q4 fy % 3% 1% 3% 21

22 annexure individual MFI data Data only reported for who agreed to disclose their individual data sl no MFI quarter glp (Rs Cr) clients loans disbursed (quarterly) loan amount disbursed (Rs Cr, quarterly) number of states where operational number of districts where operational branches employees loan outstanding per client (Rs) amount disbursed per loan (Rs) glp per employee (Rs lakh) glp per branch (Rs Cr) clients per clients per yoy employee branch change in glp (%) 1 Bandhan Q1 fy ,262 56,52,636 13,40,894 2, ,016 13,192 11,078 18, ,804 45% Q4 fy ,107 54,09,866 17,96,958 3, ,016 13,010 11,289 17, ,683 Q1 fy ,332 46,47,177 9,82,331 1, ,804 11,877 9,322 16, ,576 2 SKS Q1 fy ,009 50,42,033 10,88,512 1, ,268 8,914 5,968 10, ,976 28% Q4 fy ,113 49,63,046 13,35,835 1, ,255 8,932 6,272 11, ,955 Q1 fy ,345 44,39,031 7,41, ,255 9,959 5,283 11, ,537 3 Janalakshmi Q1 fy ,275 15,97,930 3,59, ,159 14,239 19, , % Q4 fy ,053 14,12,738 4,18, ,678 14,532 19, ,174 Q1 fy ,140 8,41,509 2,26, ,324 13,545 18, ,858 4 Ujjivan Q1 fy ,781 14,06,020 3,35, ,285 12,667 19, ,700 47% Q4 fy ,617 12,97,131 3,25, ,667 12,468 19, ,706 Q1 fy ,213 10,70,290 2,42, ,837 11,330 17, ,453 5 Equitas Q1 fy ,652 19,16,768 3,47, ,318 8,621 13, ,756 38% Q4 fy ,503 18,21,087 3,14, ,054 8,253 12, ,638 Q1 fy ,198 14,96,370 2,60, ,443 8,009 11, ,125 6 Satin Q1 fy ,039 7,83,088 1,09, ,972 13,268 22, ,935 72% Q4 fy ,056 7,97,130 2,34, ,958 13,249 20, ,006 Q1 fy ,27,035 85, ,476 11,447 17, ,274 7 Spandana* Q1 fy ,52,849 3,18, ,096 3,776 8,281 14, ,052-6% Q4 fy ,49,821 2,49, ,046 4,386 7,736 13, ,099 Q1 fy ,018 12,15,771 3,17, ,070 4,385 8,371 13, ,136 8 Muthoot # Q1 fy ,07,671 1,94, ,381 10,940 17, , % Q4 fy ,18,478 3,19, ,176 11,293 17, ,957 Q1 fy ,61,863 1,33, ,554 7,810 13, ,782 9 GFSPL Q1 fy ,43,301 5,40, ,734 15,550 5, ,625 67% Q4 fy ,04,688 5,48, ,560 16,040 8, ,868 Q1 fy ,68,240 3,25, ,287 13,703 3, , Share* Q1 fy ,88,617 1,76, ,567 7,647 15, ,266-9% Q4 fy ,81,386 2,15, ,616 8,441 15, ,230 Q1 fy ,58,910 1,68, ,655 7,829 14, , Grama Vidiyal Q1 fy ,94,267 2,56, ,207 10,388 11, ,581 33% Q4 fy ,52,087 2,86, ,220 11,126 15, ,415 Q1 fy ,28,441 2,28, ,314 7,455 12, , ESAF Q1 fy ,49,047 1,36, ,796 14,226 15, ,789 57% Q4 fy ,46,862 2,39, ,749 13,539 17, ,793 Q1 fy ,01,431 1,07, ,542 10,152 11, ,712 excluding non-performing portfolio (PAR > 180 days) in Andhra Pradesh # data represents only microfinance business of Muthoot 22

23 annexure individual MFI data sl no MFI quarter glp (Rs Cr) clients loans disbursed (quarterly) loan amount disbursed (Rs Cr, quarterly) number of states where operational number of districts where operational branches employees loan outstanding per client (Rs) amount disbursed per loan (Rs) glp per employee (Rs lakh) glp per branch (Rs Cr) clients per clients per yoy employee branch change in glp (%) 13 Utkarsh Q1 fy ,61,491 97, ,252 11,621 16, , % Q4 fy ,20,315 95, ,032 11,103 16, ,121 Q1 fy ,17,296 39, ,467 22, , Sonata Q1 fy ,01,850 79, ,145 13,133 18, ,677 78% Q4 fy ,80,494 90, ,114 12,322 18, ,631 Q1 fy ,12,487 66, ,480 16, , Suryoday Q1 fy ,12,523 60, ,561 17, ,167 92% Q4 fy ,74,057 69, ,918 17, ,915 Q1 fy ,79,357 45, ,475 15, , Asmitha* Q1 fy ,06,567 89, ,740 8,784 14, % Q4 fy ,30,051 85, ,811 9,342 15, Q1 fy ,76,694 77, ,942 8,588 14, , BSS Q1 fy ,40,928 36, ,469 16, ,103 40% Q4 fy ,34,787 18, ,169 22, ,012 Q1 fy ,41,780 22, ,703 18, , FFSL* Q1 fy ,80,179 35, ,837 21, ,501 31% Q4 fy ,61,093 33, ,404 17, ,579 Q1 fy ,19,511 21, ,805 22, , SVCL Q1 fy ,10,599 57, ,889 17, , % Q4 fy ,89,901 72, ,220 17, ,834 Q1 fy ,24,605 27, ,578 13, , BSFL* Q1 fy ,13,605 19, ,257 6,840 14, ,119-14% Q4 fy ,45,659 24, ,276 6,907 14, ,336 Q1 fy ,73,151 11, ,397 6,652 17, , Arohan Q1 fy ,20,077 55, ,672 17, ,858 91% Q4 fy ,19,786 57, ,660 16, ,011 Q1 fy ,36,654 39, ,140 11, , Asirvad Q1 fy ,12,284 62, ,277 10, ,211 68% Q4 fy ,11,260 45, ,939 17, ,247 Q1 fy ,33,198 58, ,803 6, , Swadhaar Q1 fy ,68,856 12, ,502 19, ,020 58% Q4 fy ,56,529 35, ,005 18, ,727 Q1 fy ,01,584 18, ,130 16, , Disha Q1 fy ,64,513 31, ,233 18, ,455 91% Q4 fy ,41,189 34, ,802 15, ,315 Q1 fy ,074 21, ,559 18, ,336 excluding non-performing portfolio (PAR > 180 days) in Andhra Pradesh 23

24 annexure individual MFI data sl no MFI quarter glp (Rs Cr) clients loans disbursed (quarterly) loan amount disbursed (Rs Cr, quarterly) number of states where operational number of districts where operational branches employees loan outstanding per client (Rs) amount disbursed per loan (Rs) glp per employee (Rs lakh) glp per branch (Rs Cr) clients per clients per yoy employee branch change in glp (%) 25 Annapurna Q1 fy ,84,535 35, ,874 14, , % Q4 fy ,58,732 90, ,743 8, ,886 Q1 fy , ,703 1,78, , Smile Q1 fy ,01,439 32, ,027 10, ,908-41% Q4 fy ,28,129 30, ,032 7,870 16, ,077 Q1 fy ,79,559 1,09, ,132 12, , Fusion Q1 fy ,45,973 33, ,663 19, , % Q4 fy ,27,581 31, ,797 16, ,112 Q1 fy ,514 17, ,356 14, , Belstar Q1 fy ,15,496 17, ,202 14, ,805 28% Q4 fy ,13,838 35, ,931 15, ,779 Q1 fy ,029 13, ,426 16, , Sahayog Q1 fy ,098 11, ,867 17, , % Q4 fy ,498 27, ,326 11, ,188 Q1 fy ,987 7, ,890 15, , VFS Q1 fy ,34,197 10, ,172 13, ,329-14% Q4 fy ,33,274 34, ,656 12, ,320 Q1 fy ,50,531 24, ,404 12, , Chaitanya Q1 fy ,089 14, ,722 17, ,796 79% Q4 fy ,329 16, ,189 18, ,598 Q1 fy ,359 8, ,267 16, , Pahal Q1 fy ,951 10, ,151 15, ,891 82% Q4 fy ,636 14, ,832 15, ,690 Q1 fy ,304 8, ,270 14, , Saija Q1 fy ,386 15, ,590 15, , % Q4 fy ,758 15, ,669 15, ,776 Q1 fy ,611 8, ,222 13, , Jagaran Q1 fy ,845 23, ,974 10, ,813 27% Q4 fy ,521 25, ,115 10, ,705 Q1 fy ,229 20, ,612 10, , ASA Q1 fy ,857 22, ,076 11, % Q4 fy ,320 21, ,697 10, Q1 fy ,07,124 21, ,118 10, Namra Q1 fy ,636 14, ,193 15, ,895 36% Q4 fy ,174 16, ,203 14, ,972 Q1 fy ,893 16, ,337 12, ,848 24

25 annexure individual MFI data sl no MFI quarter glp (Rs Cr) clients loans disbursed (quarterly) loan amount disbursed (Rs Cr, quarterly) number of states where operational number of districts where operational branches employees loan outstanding per client (Rs) amount disbursed per loan (Rs) glp per employee (Rs lakh) glp per branch (Rs Cr) clients per clients per yoy employee branch change in glp (%) 37 Svasti Q1 fy ,679 4, ,143 20, ,880 89% Q4 fy ,154 9, ,497 21, ,115 Q1 fy ,645 4, ,748 15, , Samasta Q1 fy ,186 6, ,132 12, ,047-8% Q4 fy ,543 19, ,870 14, ,915 Q1 fy ,824 8, ,469 15, , Margdarshak Q1 fy ,439 7, ,070 13, % Q4 fy ,258 11, ,064 13, ,031 Q1 fy ,039 7, ,967 11, , Sarvodaya Nano Q1 fy ,647 33, ,883 13, % Q4 fy ,692 36, ,699 13, Q1 fy ,11,864 36, ,441 11, , Navachetna Q1 fy ,262 9, ,871 17, , % Q4 fy ,065 10, ,005 15, ,862 Q1 fy ,657 4, ,927 14, , M Power Q1 fy ,785 7, ,062 15, , % Q4 fy ,745 8, ,064 16, ,886 Q1 fy ,836 3, ,659 14, , Varam Q1 fy ,492 2, ,039 22, , % Q4 fy ,731 3, ,723 20, ,910 Q1 fy ,298 1, ,816 7, , Adhikar Q1 fy , ,498 13, % Q4 fy ,455 2, ,193 9, Q1 fy ,652 5, ,932 6, Trident* Q1 fy , , % Q4 fy ,051 3, ,465 13, Q1 fy ,075 7, ,521 12, , Jagdhan Q1 fy ,050 1, ,571 13, , % Q4 fy ,108 2, ,580 15, ,022 Q1 fy , ,789 15, excluding non-performing portfolio (PAR > 180 days) in Andhra Pradesh 25

26 annexure aggregated state level data* Sl no state period MFI count glp (Rs bn) clients branches employees loan amount disbursed (Rs bn, quarterly) loans disbursed (quarterly) average loan disbursed per account (Rs) 1 Tamil Nadu Q1 fy ,087,719 1,339 10, ,413 14,445 Q4 fy ,881,069 1,341 9, ,307 16,499 2 West Bengal Q1 fy ,006,742 1,363 9, ,958 18,377 Q4 fy ,886,914 1,363 9, ,043,888 16,995 3 Karnataka Q1 fy ,672, , ,291 10,870 Q4 fy ,619, , ,359 12,766 4 Maharashtra Q1 fy ,529, , ,775 14,455 Q4 fy ,450, , ,820 15,076 5 Uttar Pradesh Q1 fy ,919, , ,665 18,946 Q4 fy ,839, , ,176 18,302 6 Bihar Q1 fy ,812, , ,224 17,548 Q4 fy ,725, , ,603 16,741 7 Madhya Pradesh Q1 fy ,698, , ,551 15,906 Q4 fy ,725, , ,946 14,621 8 Assam Q1 fy , , ,341 19,494 Q4 fy , , ,667 18,330 9 Odisha Q1 fy ,528, , ,957 14,355 Q4 fy ,468, , ,447 11, Kerala Q1 fy , , ,185 18,107 Q4 fy , , ,538 18,929 * data only shown for states where 6 or more are operating 26

27 annexure aggregated state level data Sl no state period MFI Count glp (Rs bn) clients branches employees loan amount disbursed (Rs bn, quarterly) loans disbursed (quarterly) average loan disbursed per account (Rs) 11 Gujarat Q1 fy , , ,857 16,982 Q4 fy , , ,037 15, Rajasthan Q1 fy , , ,284 18,585 Q4 fy , , ,141 18, Andhra Pradesh Q1 fy ,637 1,115 3, ,153 14,576 Q4 fy ,022 1,057 3, ,081 17, Jharkhand Q1 fy , , ,784 15,461 Q4 fy , , ,750 14, Chhattisgarh Q1 fy , , ,753 15,568 Q4 fy , , ,161 15, Delhi Q1 fy , , ,197 25,369 Q4 fy , , ,023 22, Uttarakhand Q1 fy , ,813 16,164 Q4 fy , ,865 18, Haryana Q1 fy , ,886 19,758 Q4 fy , ,875 18, Pondicherry Q1 fy , ,996 14,590 Q4 fy , ,580 15,592 data only shown for states where 6 or more are operating 27

28 annexure state level charts Q4 fy Q1 fy Q4 fy Q1 fy Q4 fy Q1 fy Q4 fy Q1 fy TN TN 4.09 WB WB 1363 WB WB 4.01 TN TN 1339 KA KA 2.67 KA 8.29 AP 1115 MH MH 2.53 MH 7.31 KA 940 UP UP 1.92 UP 5.92 MH 822 Bihar Bihar 1.81 Bihar 5.46 UP 712 MP MP 1.70 MP 5.29 MP 652 Assam Odisha 1.53 Assam 4.70 Bihar 637 Odisha Assam.93 Kerala 3.17 Odisha 520 Kerala Kerala.92 Gujarat 2.87 Gujarat 345 glp (Rs bn) clients (mn) amount disbursed (Rs bn) branches AP: Andhra Pradesh, KA: Karnataka, MP: Madhya Pradesh, MH: Maharashtra, TN: Tamil Nadu, UP: Uttar Pradesh, WB: West Bengal excluding non-performing portfolio in Andhra Pradesh 28

29 annexure state wise list of Maharashtra MP TN Gujarat Karnataka Bihar UP Rajasthan WB Odisha Jharkhand Uttarakhand Haryana Delhi AP = 25 = 22 = 19 = 19 = 19 = 17 = 15 = 14 = 12 = 11 = 11 = 10 = 10 = 9 = 8 Annapurna Annapurna Asirvad Adhikar Asmitha Arohan ASA Asmitha Arohan Adhikar Arohan Bandhan Bandhan Bandhan Asmitha Asmitha Asmitha Belstar Asirvad Belstar ASA Asmitha Bandhan ASA Annapurna Asmitha BSFL Fusion BSFL BSFL Bandhan Bandhan Equitas Asmitha BSFL Asmitha Bandhan BSFL Asmitha Asirvad Bandhan Fusion Janalakshmi Fusion Future BSFL Belstar ESAF Bandhan BSS Bandhan BSFL Disha Bandhan Asmitha BSFL Janalakshmi Margdarshak Janalakshmi L&T Finance BSS BSFL Future Disha Chaitanya BSFL Fusion Equitas BSFL Bandhan ESAF Satin Satin Satin Share Equitas Disha GV Equitas Equitas Jagaran Janalakshmi Janalakshmi Jagaran BSFL Jagaran Share Share Share SKS ESAF Equitas GFSL Future Future Janalakshmi Margdarshak Satin Janalakshmi L&T Finance Janalakshmi SKS SKS SKS Spandana GV ESAF Janalakshmi Janalakshmi GFSL Margdarshak Satin Share L&T Finance SKS Share Sonata Sonata Ujjivan Trident GFSL Fusion L&T Finance L&T Finance Janalakshmi Saija Share SKS Share Spandana SKS Ujjivan Ujjivan Utkarsh Jagdhan GV Madura MPower L&T Finance Satin SKS Sonata SKS Suryoday Spandana Utkarsh Utkarsh Janalakshmi Janalakshmi Panchratna Namra Madura Share Sonata Suryoday Ujjivan Ujjivan Ujjivan L&T Finance Sahayog Smile Pahal Navchetna SKS Spandana SV VFS MPower Satin Samastha Panchratna Panchratna Sonata SV Swadhaar Madura Share Sarvodaya Share Samastha SV Ujjivan Ujjivan Panchratna SKS Share SKS Share Ujjivan Utkarsh Sahayog Sonata SKS Spandana SKS Utkarsh Share Spandana Suryoday Suryoday Spandana VFS SKS SV Ujjivan Swadhaar Suryoday Spandana Swadhaar Varam Ujjivan Ujjivan Suryoday Trident Svasti Ujjivan Swadhaar Utkarsh Trident Ujjivan Utkarsh Chhattisgarh Kerala Pondicherry Assam Punjab Goa Tripura HP Meghalaya Chandigarh Sikkim D&N Haveli J&K Manipur Mizoram = 8 = 7 = 7 = 6 = 5 = 4 = 4 = 3 = 3 = 2 = 2 = 1 = 1 = 1 = 1 Annapurna Asirvad Belstar Arohan Bandhan Asmitha ASA Bandhan Bandhan Satin Bandhan Bandhan Satin Bandhan Bandhan Bandhan ESAF Equitas ASA Janalakshmi Panchratna Bandhan Ujjivan BSFL Ujjivan BSFL BSFL Panchratna Future Bandhan Satin Spandana BSFL Utkarsh Ujjivan ESAF Share GV Share SKS Ujjivan Ujjivan Janalakshmi SKS Janalakshmi Ujjivan Ujjivan Share Spandana Smile VFS SKS Ujjivan Ujjivan Spandana 29

30 annexure regional grouping of states South East North West Andhra Pradesh Assam Bihar Chhattisgarh Karnataka Jharkhand Chandigarh Dadra and Nagar Haveli Kerala Manipur Delhi Goa Pondicherry Meghalaya Haryana Gujarat Tamil Nadu Mizoram Himachal Pradesh Madhya Pradesh Odisha Jammu and Kashmir Maharashtra Sikkim Tripura West Bengal Punjab Rajasthan Uttar Pradesh Uttarakhand 30

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