The report said although banks continue to dominate the market with a portfolio share of 39.6 per cent in December 2019, it is the NBFC which have witnessed highest Q-o-Q growth in December 2019 at 11.4 per cent as against 5.2 per cent q-o-q growth of banks, 10.4 per cent of SFBs and 10 per cent of other lenders. Banks dominate both urban and rural geographies in terms of value as of Q3 FY 2019-20. In terms of active loans, urban geographies are dominated by banks, whereas NBFC MFIs play a critical role in rural areas.