Microfinance cos’ ECB more than halve in FY21
Our Partner Aastha shares her views in this news article published in The Hindu Business Line. which highlights the external commercial borrowings (ECBs) trend of microfinance companies during the last two financial years in the domestic market.
According to Aastha, “One of the primary reasons (for lower borrowing) could be the overall cut back on fresh disbursements by MFIs, especially in the first two quarters of FY21." She further added that, “Microfinance borrowers, having been the worst hit by the pandemic and the consequent lockdown, were unable to repay their loans and the collection operations (largely cash-based) of MFIs also took a major hit. These liquidity issues would have led MFIs to go slow on lending and conserve capital.”
7A, 7th Floor, Tower C, Max House,
Okhla Industrial Area, Phase 3,
New Delhi – 110020
The rules of the Bar Council of India do not permit advocates to solicit work or advertise in any manner. This website has been created only for informational purposes and is not intended to constitute solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work in any manner. By clicking on 'Agree' below, you acknowledge and confirm the following:
a) there has been no solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
b) you are desirous of obtaining further information about us on your own accord and for your use;
c) no information or material provided on this website is to be construed as a legal opinion and use of this website will not create any lawyer-client relationship;
d) while reasonable care has been taken in ensuring the accuracy of the contents of the website, Argus Partners shall not be responsible for the results of any actions taken on the basis of information provided in this website or for any error or omission in the website; and
e) in cases where the user has any legal issues, the user must seek independent legal advice.