Stress in 30 plus day dues in micro-loans declines in December quarter

Disbursements take a knock on Omicron concerns

The stress on micro loans seems to be on the wane with a decline in portfolio at risk in 30 plus days past dues (DPD) bucket to 9.2 per cent in December 2021 from 10.4 per cent in September 2021. The write-offs also declined from 5.1 per cent as of September 2021 to 4.4 per cent as of December 2021, according to CRIF Highmark report.  

The 30 plus DPD was at 15 per cent in March 2021 and 9.5 per cent in December 2020.

However, loan origination-suffered in the quarter due to concerns over Omicron surge. The loans disbursed were 14.7 million