scorecardresearchNBFCs start the year on a strong note as threats from Covid remain low: ICRA

NBFCs start the year on a strong note as threats from Covid remain low: ICRA

Updated: 08 Jun 2022, 09:03 AM IST
TL;DR.
  • The unsecured loan segment, such as microfinance loans, SME loans or personal loans, had seen the sharpest decline in collections during the first and second Covid waves, said ICRA.
With business activities close to pre-Covid levels for most sectors coupled with a heavy focus on collections by the NBFCs and HFCs, the concern on collection efficiency, at least from the non-restructured portfolio of the financiers have reduced, closed up shot (Shutterstock)

With business activities close to pre-Covid levels for most sectors coupled with a heavy focus on collections by the NBFCs and HFCs, the concern on collection efficiency, at least from the non-restructured portfolio of the financiers have reduced, closed up shot (Shutterstock)