ICRA

Photo: Greater Kashmir

Collection Efficiency Of Non-Banking Lenders Met Pre-COVID Level: ICRA

The Investment Information and Credit Rating Agency on February 22 revealed that non-banking lenders attained a collection efficiency in retail loan pools, reaching pre-COVID levels. ICRA cited the improvements in economic activity ensuring borrower's repaying capacity and dedicated recovery efforts by lenders as the reason behind surge. While the intrapolated study also included figures of housing finance companies, the ICRA also expected surge in securitisation transactions as the collections in secured assets category increase. 

Mon, 22 Feb 2021 - 08:55 PM / by Ronit John

Tags
ICRA
Improved collection
collection efficiency
Rating Agency
Non Banking Lender
Courtesy
The Economic Times

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