Indian small finance banks’ advances poised to cross Rs 2 lakh crore this fiscal: Report

Small finance banks are set for significant growth this fiscal, with advances expected to cross Rs 2 lakh crore. This expansion is fueled by a strong performance in non-microfinance sectors like mortgages and MSME loans. A gradual recovery in microfinance loans also contributes to this positive outlook. Diversification into various loan segments remains a key strategy for these banks.

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