融資の支払いが増加し,資産の質が改善したことで,インドのマイクロファイナンスのセクターは,FY26第3四半期に回復しました. India's microfinance sector rebounded in Q3 FY26 with rising loan disbursements and improved asset quality.

インドのマイクロファイナンス部門はQ3FY26で回復の兆しを見せた。 India's microfinance sector showed signs of recovery in Q3 FY26, with disbursement growth turning positive for the first time in five quarters, up 5.2% year-on-year, driven by higher average loan sizes and rebounding volumes, particularly among NBFC-MFIs. リスク削減による総ローンポートフォリオのより広範な減少にもかかわらず,早期債務不履行率は約1%に低下し,2024年末以来の最低水準となり,資産品質の改善を示しています. Despite a broader decline in gross loan portfolios due to de-risking, early delinquency rates fell to around 1%, the lowest since late 2024, signaling improved asset quality. この部門はINR5以上の大きな貸付けを目指す一方,小額の貸付けは縮小している. The sector is shifting toward larger loans above INR 50,000, while smaller loans shrink. JM Financialのプロジェクトは,年を通して成長を続け,チケットのサイズ,選択的な融資,非MFIの拡大を理由に,管理中の資産の21%のCAGRが予想されています. JM Financial projects sustained growth through FY28, citing higher ticket sizes, selective lending, and non-MFI expansion, with a 21% CAGR in assets under management expected, though risks remain from borrower leverage and write-offs in small-ticket segments.