Banks see slow recovery in microloans, polls an overhang

With the gradual opening up of the Indian economy, collections picked up pace since the September and December quarter but have slowed in the last couple of months. For entities having significant exposure to urban regions and the poll-bound states of West Bengal and Assam, collections are lower at 80%-90% of pre-Covid levels, while the rates have rebounded to 90%-95% for others.

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