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MFIs 30-plus delinquency may rise to 14-16% in June: Report SECTIONS Last Updated: Jun 11, 2021, 03:50 PM IST Share 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 effici...

Agency assessed that the 30+ PAR could rise to 14-16 per cent of portfolio this month from a recent low of 6-7 per cent in March

NBFCs stop lending on fear of rising defaults Top Searches NBFCs stop lending on fear of rising defaults Mamtha Asokan / TNN / Updated: May 24, 2021, 11:17 IST FacebookTwitterLinkedinEMail CHENNAI: Hit with a drop in instalment collections due to the Covid-induced lockdowns across the country, non-bank lenders are slowing fresh disbursements and even halting them for unsecured loans. From an average default rate in collection efficiency at 2-3% in pre-Covid times, non-banking finance companies (NBFCs) are now seeing 6-8% of borrowers missing their payment schedules during the second wave of ...

Non-micro loan book saw a collection efficiency of around 98%

Satin Creditcare Network Limited's AUM at Rs. 7274 crores as of March 31, 2021