Covid - 19's micro loan portfolio shrink 7 per cent in June, says Business Standard

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Covid - 19's micro loan portfolio shrink 7 per cent in June, says Business Standard

Micro loan portfolio of lenders shrunk by 7 per cent to Rs 2.36 trillion in the June quarter Q 1 FY 22 over Rs 2.53 trillion in Q 4 FY 21 on economic disruption owing to second wave of Covid - 19 pandemic. The quarterly decline in commercial loan portfolio GLP was seen across all lender types, including gross banks, companies, according to CRIF Highmark. The credit information bureau in Q 1 review said the sector was quick to recover to pre-pandemic level by Q 4 FY 21. The enquiries for showed an upturn with month-on-month rise of 7 per cent in September 2021.

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