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    <title>NBFCs, NBFC-MFIs contribute 86 pc of microfinance client base: Report</title>
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    <description>NBFCs and NBFC-MFIs dominate the microfinance market, representing the majority of clients and outstanding loans, while banks and small finance banks play smaller roles. The report links MFIs to advances in financial inclusion through collateral-free credit but warns of sectoral stress from over leveraging. In response, self-regulatory organisations and industry leaders have implemented additional guardrails-restrictions and lending controls-that have contributed to recent negative growth and are intended to rebalance credit access with leverage mitigation.</description>
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