COVID second wave raised credit stress on MFIs, small NBFCs
Sat, Jul 10, 2021 5:09 PM

COVID second wave raised credit stress on MFIs, small NBFCs

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The impact of the second wave of coronavirus led to concerns over the recovery of the microfinance (MFIs) and the small NBFC sector, which was already struggling with elevated credit stress and declining AUM in FY21. Accordingly, out of thirteen issuers declining by credit rating agencies during Q1FY22 in the financial sector, ten issuers are smaller MFI and NBFCs providing unsecured MSME loans.

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