NBFCs' collection efficiency close to pre-Covid levels

ICRA has said in a report Nearly three years after the Covid-19 outbreak

 The collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises)

 Pools has topped 98% of the levels seen in the pre-pandemic days

According to Reports Even the delinquency levels are lower by 300 basis points (bps) from their peak levels during Covid-19

The Collection efficiency for non-banking financial companies (NBFCs) and housing finance companies (HFCs) has been healthy

 The range of 97% to 105%In the nine months of the current fiscal year

Collection efficiencies have remained robust so far in spite of the global uncertainties