Reason – Investor sentiment has soured on Microfinance as a sector. Promoters see stark contrast between their expected valuations vs what the current market is offering.
Interesting developments, Aashirvad IPO getting delayed, Fusion Micro finance going through stress, ban on IIFL getting lifted, its really a mixed bag here ! But it does seem like the micro finance industry as a whole is still battling headwinds i.e. moderating AUM growth, higher delinquencies, tough start to the year because of elections and heat wave impact. Hopefully, H2 (Oct-March) numbers will be better as they historically have been.
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