TN, Karnataka ordinances to hinder microfinance institutions recovery; pollbound Bihar under watch Crisil

Image for article TN, Karnataka ordinances to hinder microfinance institutions recovery; pollbound Bihar under watch Crisil
News Source : The Times of India

News Summary

  • Crisil Ratings anticipates that Indian microlenders will likely remain unprofitable until the fiscal year's end.
  • State ordinances in Karnataka and Tamil Nadu that could impede sector recovery.
  • Despite industry efforts to implement safeguards, legacy assets continue to pressure asset quality.
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Microlenders are unlikely to turn profitable before the end of the current fiscal, a domestic rating agency said on Wednesday.Crisil Ratings said the ordinances pushed by Karnataka and Tamil Nadu per [+2916 chars]

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