Sumant Kathpalia, MD and CEO of IndusInd Bank, in a call post the Q4 result announcement, said in March, collections were upward of 95 per cent in all the portfolios. “In April, we are educating the customers to pay the EMIs. We are seeing good results as they understand they have to pay extra interest if they opt for moratorium,” he said.
Most public sector banks
have extended moratorium, and several are contemplating additional lines of credit to MFIs, said Rahul Mittra, CEO of Margadarshak Financial Services.