"Collection efficiency definitely went down by 3-4% in the month of May as compared to March. But we hope that most of that will be covered in June. So we do not foresee much damage."
Second Covid wave to impact rural loan collections: India RatingsThe second wave is more dispersed and thus smaller towns and villages witnessed a sharp rise in infections and fatality. With reduced income levels and higher health expenditures, India Ratings expects the performance of asset segments such as microfinance to be significantly affected.
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