'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'
Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
For smaller MFIs, resuming operations is more difficult because they haven't got any fresh bank credit sanctioned from their lenders.
A vast majority of borrowers are in the essential services' supply chain with tiny and micro businesses, and this has sprung back.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
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