💨 Abstract

The microfinance sector in India is showing signs of recovery, according to a report by Investec Equities. Many companies are reporting better performance, and asset quality is improving, indicating that the sector's worst may be over. This slowdown was not due to external events but internal issues like poor asset quality and a tough operating environment. The recovery is expected to be gradual, leading to consolidation within the sector, with weaker players likely to shut down or merge with stronger ones.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖