Stressed assets of NBFC-MFIs seen down 800 bps, still above pre-pandemic levels: CRISIL
Updated: 31 May 2022, 10:23 AM IST
- Foreclosures were higher in the last quarter of last fiscal, CRISIL said. That, and the trend in the restructured book needs close monitoring to assess incremental slippages.
Given the sizeable restructuring and likely slippages — since they cater to the more vulnerable sections of society — most NBFC-MFIs have increased provisioning to fortify their balance sheets against asset quality risks, said CRISIL.