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Microfinance Industry Positioning For Down Cycle, Says HDFC Securities

Aside from transient challenges such as General Elections, heat waves in Q1, floods in select states, in Q2, the industry has been grappling with a couple of key structural issues, says the brokerage.

<div class="paragraphs"><p>A person holding Indian two rupees bank notes for photograph. (Photo: Usha Kunji/ Source: NDTV Profit)</p></div>
A person holding Indian two rupees bank notes for photograph. (Photo: Usha Kunji/ Source: NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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