Note ban crimps MFIs' securitisation by 21% in FY17

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Hit hard by the note ban, securitisation volume of microfinance institutions (MFIs) fell 21 per cent to around Rs 7,150 crore in fiscal 2017 compared to Rs 9,000 crore last year, says a report.

Domestic rating agency Icra said MFIs raised nearly Rs 5,500 crore through the securitisation route in the first six months of fiscal 2017 but this fell to just around Rs 1,650 crore in the second half.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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