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AP accounts for 22% of gross loan of MFIs
May 16, 2013May 16, 2013by In Infrastructure Finance

AP accounts for 22% of gross loan of MFIs

During Jan-Mar 2013, Andhra Pradesh accounted for 22 per cent of the gross loan portfolio held by all the microfinance companies (MFIs) that are the members of the industry body Micro Finance Institutions Network (MFIN). However, all of the above loan exposure turned non performing asset (NPA). According to a government repo