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Covid 2nd wave: Retail loan repayments see 'sharp decline' in April, says report

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MUMBAI : Retail loan repayments see 'sharp decline', microlenders witness a dip of up to 20%There has been a "sharp decline" in collection efficiencies in retail asset pools across asset classes in May due to the second wave of the pandemic, with microlenders witnessing a dip of up to 20%, a report said on Monday."ICRA has observed a sharp decline in the collections of its rated securitisation transactions in April 2021 (i.e.

May 2021 payouts), following the rise of Covid-19 cases and imposition of lockdowns/movement restrictions which has impacted the operations and collection activities of the NBFCs and HFCs," the report from domestic rating agency ICRA said.A major part of the country was undergoing localised lockdowns till May-end in.

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