Mumbai: Microfinance lenders showed early signs of stabilisation in the March 2026 quarter, even as the industry’s portfolio shrank sharply from a year earlier and legacy stress continued to build, according to the latest MFI Pulse Report brought out by Equifax and SIDBI.The sector’s total portfolio outstanding stood at Rs 2,77,053 crore as of March 31, 2026. This marked a 17% year-on-year contraction from Rs 3,35,060 crore in March 2025.

Mumbai: Microfinance lenders showed early signs of stabilisation in the March 2026 quarter, even as the industry’s portfolio shrank sharply from a year earlier and legacy stress…

The POS of the microfinance sector declined to ₹2,77,053 crore as at March-end 2026 from ₹3,35,060 crore as at March-end 2025 and ₹3,77,706 crore as at March-end 2024