India Ratings says microfinance outlook negative as states go to polls in FY221 min read . Updated: 02 Mar 2021, 01:10 PM IST
- It said for entities which have significant exposure to urban regions and or to West Bengal and Assam, where the easing of lockdowns has been slow, collections are lower at 80-90% of pre-covid levels
MUMBAI: With nine states including Assam and West Bengal heading for elections in FY22, there are expectations that the resultant political risk could be an overhang for the microfinance sector, Indian Ratings and Research said on Tuesday, maintaining a negative outlook on the sector.
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