Ujjivan Small Finance Bank's micro loan collection in Assam suffers following loan waiver promise

Micro loan waiver is turning out to be a major political ploy in the northeastern state, derailing the repayment culture for the state's Rs 12,000-crore big microfinance sector. Ujjvan has Rs 364 crore microfinance book in the northeastern state. This is about 3.5% of its total microfinance loans and 2.7% of total loan portfolio of Rs 13,638 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3bcevg7