MFIs to face asset quality pressures in near term
   Date :18-Apr-2021

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THE microfinance industry is likely to face asset quality pressures in the near term due to the recent surge in COVID-19 infections and localised restrictions, says a report. However, a majority of micro finance institutions (MFIs) will be able to withstand any stress due to their improving collection efficiency, Icra Ratings said in the report. “We estimate asset quality pressures for the MFI industry to continue in the near term and the same may get accentuated with the recent increase in Covid-19 infections and lockdowns,” the agency’s V-P Sachin Sachdeva said.