Bandhan Bank Does Not Foresee Much Hiccups in Microfinance Collections Once Lockdown Lifted

Private sector lender Bandhan Bank does not foresee much hiccups in its collections of debt repayment in installments from microfinance customers once the nationwide lockdown is lifted, managing director and CEO Chandra Shekhar Ghosh said on Monday.

Although microfinance loans come under the ambit of defer payment of installments for three months following the Reserve Bank of India’s directive, Ghosh said he believed the customers, mostly, would not be availing the moratorium as it would lead to increased equated weekly installments for them.