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Fewer defaults on EMI payments by consumers in March, shows NACH data

According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February

Topics
Loan repayment | Bank loans | Lockdown

Subrata Panda  |  Mumbai 



fintech, digital lending, loans, payments, online
In absolute terms, of the 92.04 million transactions initiated, 61.88 million were successful, while 30.15 million failed

Recurring payments of retail customers — including loan installments, insurance premiums, etc — saw fewer defaults in March.

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First Published: Thu, April 15 2021. 01:28 IST

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