To Covid and Back: Retail loan recovery nears pre-crisis levels

February 16, 2021 0 By boss

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The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players.

Synopsis

Top mass lenders across all retailing asset classes — SBI, HDFC, Kotak Mahindra and Axis — reported collections exceeding 95%. The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players.

MUMBAI: The grim shadow of Covid is fading fast — and that’s evident in not just the dashboards on caseloads and fatalities. Bankers and non-bank lenders lately are able to recover the bulk of the retail advances they made, and the crème-de-la-crème of high-street banking reported collection efficiencies north of 95% since the economy began opening up.“Demand resolution for the December-January period was along the guided lines and inched closer

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