With the bad loan trouble continuing to linger, the share of the microfinance pie has steeply declined, led by banks, which saw their share plunging by 33.6% in Q3. They were followed by small finance banks whose share fell by 12%, MFIs by 11.9%, and non-banks by 9.7%, pulling down the overall industry loan book by 7.3% to Rs 3,14,728 crore in the third quarter from the September period and by 18.3% on-year. The industry body MFIN said the lower rate of fresh loan disbursals shows that the industry is getting out of the woods finally, saying the slipping portfolio numbers do not show two things -- the rate of decline has been arrested to a large extent and the fall is accentuated by an around 5% shift from MFIs to retail portfolios in Q3, with the majority of this shift driven by banks.