Equitas, Ujjivan might be safer bets than BFIL

The Street is bracing for an elevated asset quality stress for MFIs

Not all seems to be fine with the micro finance institutions (MFIs), after the note ban. MFIs are batting for another repayment extension for customers whose loans instalments were due from November 1- December 31, 2016. The Street is also expecting elevated asset quality stress for MFIs. 

An analyst call conducted by Bharat Financial Inclusion (BFIL) on March 6, suggests that not all is well with the financier. After the call, analysts at Credit Suisse said the two months' overdue and unrecognised managed portfolio was roughly 17 per cent of BFIL’s net worth. An analyst with a foreign brokerage says