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Asset quality pressures on micro-lending ease in Q2Fy22: CRIF High Mark

The gross loan portfolio in microfinance rose by 2.1 per cent growth at Rs 2.49 trillion at end of September 21.

Topics
microfinance industry | digital lending | NBFCs

Abhijit Lele  |  Mumbai 

Reflecting a turnaround in the microfinance space, asset quality pressure eased sequentially with loans in the 30-plus day passed dues (DPD) bucket, declining to 10.4 per cent in the quarter ended September from 15 per cent in April-June. However, the 90-plus DPD remained stable at 3.3 per cent in the July-September period, similar to April-June, according to credit information bureau CRIF High Mark.

While the 30-plus DPD was 9.5 per cent in March 2021, it was 4.4 per cent for the 90-plus DPD bucket in the same month. This cannot be compared with the September 2020 numbers ...

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First Published: Tue, December 07 2021. 13:19 IST
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