Equitas Small Finance Bank Collection Efficiency improves by 104.62% in July 2021

On a product-wise basis, month-on-month collection efficiency in Microfinance went up to 91.76% in July from 66.90% in June while the collection efficiency of Small Business Loans went up to 109.19% (85.14%) during the period.

Aug 05, 2021 05:08 IST India Infoline News Service

Equitas Small Finance Bank said its collection efficiency has improved to 104.62% in July 2021, up from 83.49% in the previous month. However, the collection efficiency of the company is still lower than the 105.16% recorded in April 2021.

On a product-wise basis, month-on-month collection efficiency in Microfinance went up to 91.76% in July from 66.90% in June while the collection efficiency of Small Business Loans went up to 109.19% (85.14%) during the period, the company said in the filing.

Vehicle finance witnessed a collection efficiency of 99.75% in July (89.33%) while the efficiency in Corporate loans went up sharply to 159.91% (103%).

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