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ICICI Securities Report
Gauging micro, small and medium enterprise credit pulse (Source: TransUnion CIBIL and SIDBI) suggests:
MSME credit demand has gathered pace to 1.6-1.7 times of pre-Covid levels;
MSME disbursements were up 32% in FY22 and private banks market share has increased across segments;
55% of new originations in FY22 were in CMR4 to CMR6 (medium risk) and 24% in the CMR1 to CMR3 (low risk) category. 60% of new MSMEs loans originated in FY22 had more than 78% utilisation levels (high utilisation category);
private banks non-performing asset from MSME sector was stable at 5.5% in Q4 FY22, it increased for non-banking financial company to 9.6% and for public sector undertaking banks to 20.8%;
trend of missed payments has moderated from pre-Covid levels;
restructuring was contained on overall pool; and
average ticket size has seen an overall uptick.
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