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As Covid cases surges, microfinance industrywary of the impact on its collection efficiency

As Covid cases surge, microfinance industry wary of the impact on its collection efficiency
April 08, 2021
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Disbursements to new customers may also be impacted if field operations are affected due to increase in restrictions in certain regions
The microfinance industry, which has been inching towards pre-Covid levels – both in terms of disbursements as well as quality of portfolio – now seems a little wary of the impact of the sudden surge in Covid-19 cases on its collection efficiency.
Any impact on collections may also hurt growth in disbursements, as fresh loans to existing customers will only be sanctioned as and when they foreclose the previous loan. ....

Tamil Nadu , Alok Misra , Shobha Roy , Sachin Sachdeva , Manoj Kumar Nambiar , Satin Creditcare Network Ltd , Microfinance Institutions Network , Aarohan Financial Services , Sector Head , Financial Sector Ratings , Executive Director , Satin Creditcare Network , Managing Director , தமிழ் நாடு , அலோக் மிஸ்ரா , ஷோபா ராய் , சச்சின் சச்ச்தேவா , மனோஜ் குமார் நம்பியார் , சாடின் கடன் பராமரிப்பு வலைப்பின்னல் லிமிடெட் , நுண்நிதி நிறுவனங்கள் வலைப்பின்னல் , ஆரோஹன் நிதி சேவைகள் , துறை தலை , நிதி துறை ரேடிஂக்ஸ் , நிர்வாகி இயக்குனர் , சாடின் கடன் பராமரிப்பு வலைப்பின்னல் , நிர்வகித்தல் இயக்குனர் ,

Banks may face a sharp surge in bad loans in FY22: ICRA

Banks may face a sharp surge in bad loans in FY22: ICRA
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The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore at the web of December 2020, as compared to Rs. 3.6 lakh crore same time the year prior.
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Gross bad loans were at 8.6% as on March 2020 and 8.3% (proforma basis) at the end of December 2020.
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Bad loans of Indian banks could rise significantly in the current fiscal year as government and the Reserve Bank of India rollback regulatory and fiscal support measures, according to domestic rating agency ICRA. Banks could see gross bad loans rise to 9.7% at the end of the fiscal year March 2021 and 10.2% by the end of fiscal year 2022, ....

Anil Gupta , Reserve Bank , Sector Head , Financial Sector Ratings , Loan Restructuring , India Banks , Co Vid , Indian Economy , Bad Loans , அனில் குப்தா , இருப்பு வங்கி , துறை தலை , நிதி துறை ரேடிஂக்ஸ் , கடன் மறுசீரமைப்பு , இந்தியா வங்கிகள் , இணை வித் , இந்தியன் பொருளாதாரம் , மோசமான கடன்கள் ,

Banks' asset quality remains monitorable despite lower increase in NPAs: ICRA

Banks asset quality remains monitorable despite lower increase in NPAs: ICRA
ANI |
Updated: Apr 06, 2021 15:06 IST
Even including pro-forma GNPAs of Rs 1.3 lakh crore (1.1 per cent of gross advances) and NNPAs of Rs 1 lakh crore (1 per cent of net advances), the GNPA and NNPA of banks stood at 8.3 per cent and 2.7 per cent as on December 31, 2020 as compared to 8.6 per cent and 3 per cent respectively as on March 31, 2020.
However, this decline was driven by loan write-offs of Rs 1.1 lakh crore (1 per cent of advances) during 9M FY21.
Further, based on the restructuring guidance given by various banks, the overall volume of restructured advances is estimated at 1.3 to 1.5 per cent of the advances, much lower than ICRA s initial estimates. ....

New Delhi , Anil Gupta , Sector Head , Financial Sector Ratings , Icra Ratings , Assets Quality , Gross And Net Non Performing Assets Npas , Loan Write Offs , Restructured Advances , Covid 19 Pandemic , Moratorium On Loan Repayment , புதியது டெல்ஹி , அனில் குப்தா , துறை தலை , நிதி துறை ரேடிஂக்ஸ் , ஈக்ரா ரேடிஂக்ஸ் , சொத்துக்கள் தரம் , கடன் எழுதுங்கள் ஆஃப்ஸ் ,

Banks' GNPAs to rise to 9.6-9.7% by FYE21 and 9.9-10.2% by FYE22: ICRA

Banks’ GNPAs to rise to 9.6-9.7% by FYE21 and 9.9-10.2% by FYE22: ICRA
April 05, 2021
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Credit rating agency ICRA expects Banks’ Gross Non-Performing Assets (excluding write-offs) to rise to 9.6-9.7 per cent by March 31, 2021 and 9.9-10.2 per cent by March 31, 2022 from 8.6 per cent as on March 31, 2020 as the impact of various Covid-19 pandemic related relief measures wanes off.
As the impact of various relief measures such as moratorium on loan repayment, standstill on asset classification and liquidity extended to borrowers under Guaranteed emergency credit line (GECL) wanes off, the asset quality pressures are likely to resurface, the agency said.
In a note, ICRA observed that despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at ₹1.8 lakh crore (2.7 per cent of advances on annualised basis) during 9M (nine months) FY2021 as compared to ₹3.6 lakh crore (4.1 per cent) ....

Anil Gupta , Gross Npas , Bank Nnpas , Bank Gross Non , Bank Gross Non Performing Assets , Sector Head , Financial Sector Ratings , Covid 19 , Gross Non Performing Assets , அனில் குப்தா , வங்கி மொத்த அல்லாத , வங்கி மொத்த அல்லாத நிகழ்த்துகிறது சொத்துக்கள் , துறை தலை , நிதி துறை ரேடிஂக்ஸ் , சர்வதேச பரவல் , மொத்த அல்லாத நிகழ்த்துகிறது சொத்துக்கள் ,

Banks see improvement in solvency profile in FY21 - The Hindu BusinessLine

Banks see improvement in solvency profile in FY21
April 05, 2021
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Banks’ solvency position is relatively better, thereby providing some comfort to their loss-absorption abilities, according to ICRA.
Capital raise, coupled with lower Net Non-Performing Assets (NNPAs), resulted in an improvement in solvency profile for banks during FY21, the agency said in a note.
ICRA noted that public sector banks raised ₹12,000 crore (0.2 per cent of risk weighted assets – RWAs) and private sector banks raised ₹53,600 crore (1.3 per cent of RWAs) of equity capital from market sources during FY21.
In addition, the government also infused ₹20,000 crore (0.3 per cent of RWA) into the public sector banks as part of its budgeted recapitalisation for FY21. ....

Anil Gupta , Net Non Performing Assets , Additional Tier I , Sector Head , Financial Sector Ratings , அனில் குப்தா , நிகர அல்லாத நிகழ்த்துகிறது சொத்துக்கள் , துறை தலை , நிதி துறை ரேடிஂக்ஸ் ,