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Loans with dues in excess of 90 days show spike in Dec 2020: ICRA

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December

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The borrowers who missed their September, October, and November monthly instalments moved to the 90+ dpd bucket.

1 min read Last Updated : Feb 23 2021 | 1:04 AM IST

The loans with 90-day overdue (known as harder bucket delinquency) showed a spike across asset classes in December 2020 compared with the pre-moratorium levels due to the impact of the pandemic, according to ICRA.

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December, it said. The borrowers who missed their September, October, and November monthly instalments moved to the 90+ dpd bucket. Such is considerably higher in the SME and microfinance loans.

The incremental slippages in the softer buckets (0-30, 30-60 and

Topics : ICRA loans Assets microfinance industry

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