MFIs 30-plus delinquency may rise to 14-16% in June: Report

MFIs 30-plus delinquency may rise to 14-16% in June: Report


MFIs 30-plus delinquency may rise to 14-16% in June: Report
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Last Updated: Jun 11, 2021, 03:50 PM IST
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Synopsis
In the absence of a loan moratorium this year, more MFIs are likely to opt for permitting restructuring under the Reserve Bank of India's (RBI) Resolution Framework 2.0 announced last month, and continue with higher provisioning, the report said.
Agencies
These MFIs also have the liquidity to cover over two months of debt repayments - even after assuming nil collections - because disbursements have been low too, which has helped conserve cash.
With the collection efficiency impacted due to the COVID-19 related disruptions, microfinance institutions (MFIs) may feel asset quality pressures and their 30+ portfolio at risk (PAR) may rise to 14-16 per cent in June, Crisil Ratings said in a report.

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