Stressed assets of NBFC-MFIs likely declined to 14 per cent as of end-March 2022: Crisil

Stressed assets of non-banking financial companies- microfinance institutions (NBFC-MFIs) are estimated to have declined to around 14 per cent as of March 2022 from close to 22 per cent in September 2021, helped by revival in the economy and limited impact of the omicron variant. Overall monthly collection efficiency was healthy at an average 97-100 per cent in the fourth quarter of last fiscal.

from Banking/Finance-Industry-Economic Times https://ift.tt/StbgI5U