India microfinance institutions have Rs 33,000 crore of bad loans despite better collections, industry body says

Recovery has improved compared to the previous quarter and reached almost 99% in some states. However, Assam, West Bengal, Kerala, Tripura, and Chhattisgarh are among the major states which have shown below average recovery and are a drag on the overall asset quality.

from Banking/Finance-Industry-Economic Times https://ift.tt/aleRdWM