 "bank, deposit, withdraw, money, cash, currency")
With demonetisation taking a toll on recoveries during November and December, micro finance institutions (MFIs) might report a substantial dip in profit for 2017-18.
The rise in credit and operating costs are expected to bring down return on equity from 13-15 per cent to below 10 per cent for FY18, according to rating agency ICRA.
Collection dived to 75-80 per cent in November-December, from 99 per cent prior to demonetisation of Rs 500 and Rs 1,000 currency notes on November 8.
