India's microfinance sector hit as defaults surge in Covid pandemic
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Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress.India's microfinance sector hit as defaults surge in Covid pandemic
Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress. Read more