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