Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

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Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings - Business Standard

Quick Summary:

Profitability, as measured by return on managed assets (RoMA), was elevated at 3.5–4 per cent in FY24, after a period of subdued profitability during and after the pandemic.

The industry is showing a similar situation—an increase in the 30-plus dpd bucket—in the second quarter (like in the first quarter), but things should improve thereafter.

There has been an uptick in delinquencies in the 30-plus days past due (dpd) bucket in the second quarter (ending September 2024).