Loans with dues in excess of 90 days show spike in Dec 2020: ICRA

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December

Topics

ICRA | loans | Assets

banks, stressed assets, NPAs, non-performing asets, bad loans

The borrowers who missed their September, October, and November monthly instalments moved to the 90 dpd bucket.

The loans with 90-day overdue (known as harder bucket delinquency) showed a spike across asset classes in December 2020 compared with the pre-moratorium levels due to the impact of the pandemic, according to ICRA.

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December, it said. The borrowers who missed their September, October, and November monthly instalments moved to the 90 dpd bucket. Such is considerably higher in the SME and microfinance loans.

The incremental slippages in the softer buckets (0-30, 30-60 and 60-90 days past due) in retail loan pools has not seen any incremental material rise in December 2020 compared to previous months.

This indicates lower incremental build-up of fresh stress in the respective asset classes.

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First Published: Tue, February 23 2021. 01:04 IST