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To avoid delays, inconvenience, and a brush with the law, field officials and BCs are being told to put on their best behaviour, besides being “strongly discouraged” to carry cash beyond Rs 50,000 during the weeks of the election.
The report said that the industry saw a robust growth of 24.6 per cent over the last financial year, while portfolio delinquency has reached pre-COVID levels indicating improving health of the sector
Banking Budget 2024: Though some small lenders are looking with optimism to lend to SMEs, lending to micro and small industries stood at 17.2 percent of total advances in November 2023 versus 19.3 percent in November 2022, according to recent Reserve Bank of India (RBI) sectoral credit data.
Get latest articles and stories on Latest News at LatestLY. The number of microfinance loans extended by all lenders declined in the September quarter, but an increase in the average ticket sizes helped in the quantum of lending to grow, a report said on Tuesday. Latest News | Number of MFI Loans Extended by Lenders Dips in Q2, Average Ticket Sizes Grow: Report.
(This story has not been edited by THE WEEK and is auto-generated from a PTI