Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | Collections at small finance banks feel the heat of covid -Gopika Gopakumar    </title>
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Localized lockdowns and rising covid cases among collection agents hamper loan recoveries

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Localized lockdowns and rising covid cases among collection agents hamper loan recoveries

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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Localized lockdowns and rising covid cases among collection agents hamper loan recoveries</em></p><p style="text-align:justify">Small finance banks are beginning to feel the heat of localized lockdowns and the advancing pandemic wave, as the virus spreads to India&rsquo;s small towns and hinterland. However, they are better prepared this time, after last year&rsquo;s severe setback.</p><p style="text-align:justify">&ldquo;The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays in collections for the last few days. Collections have been hit only 1-3% due to the second wave,&quot; said Rajeev Yadav, chief executive officer, Fincare Small Finance Bank.</p><p style="text-align:justify">Unlike last year, these banks now have a better collection machinery and tele-calling measures to ensure that the pandemic&rsquo;s impact is limited.</p><p style="text-align:justify">An executive at a small finance bank said that nearly half of his employees have been infected by the virus, with 150 cases in just March and April, which has slowed down loan recovery.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html" title="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Localized lockdowns and rising covid cases among collection agents hamper loan recoveries</em></p><p style="text-align:justify">Small finance banks are beginning to feel the heat of localized lockdowns and the advancing pandemic wave, as the virus spreads to India&rsquo;s small towns and hinterland. However, they are better prepared this time, after last year&rsquo;s severe setback.</p><p style="text-align:justify">&ldquo;The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays in collections for the last few days. Collections have been hit only 1-3% due to the second wave,&quot; said Rajeev Yadav, chief executive officer, Fincare Small Finance Bank.</p><p style="text-align:justify">Unlike last year, these banks now have a better collection machinery and tele-calling measures to ensure that the pandemic&rsquo;s impact is limited.</p><p style="text-align:justify">An executive at a small finance bank said that nearly half of his employees have been infected by the virus, with 150 cases in just March and April, which has slowed down loan recovery.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html" title="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html">click here</a> to read more.</p>                                                           
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Localized lockdowns and rising covid cases among collection agents hamper loan recoveries

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    <h1 class="cat-box-title">Collections at small finance banks feel the heat of covid -Gopika Gopakumar</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Localized lockdowns and rising covid cases among collection agents hamper loan recoveries</em></p><p style="text-align:justify">Small finance banks are beginning to feel the heat of localized lockdowns and the advancing pandemic wave, as the virus spreads to India&rsquo;s small towns and hinterland. However, they are better prepared this time, after last year&rsquo;s severe setback.</p><p style="text-align:justify">&ldquo;The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays in collections for the last few days. Collections have been hit only 1-3% due to the second wave,&quot; said Rajeev Yadav, chief executive officer, Fincare Small Finance Bank.</p><p style="text-align:justify">Unlike last year, these banks now have a better collection machinery and tele-calling measures to ensure that the pandemic&rsquo;s impact is limited.</p><p style="text-align:justify">An executive at a small finance bank said that nearly half of his employees have been infected by the virus, with 150 cases in just March and April, which has slowed down loan recovery.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html" title="https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html">click here</a> to read more.</p>                                                           
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Collections at small finance banks feel the heat of covid -Gopika Gopakumar

Published on Apr 22, 2021   Modified on Apr 22, 2021

-Livemint.com Localized lockdowns and rising covid cases among collection agents hamper loan recoveries Small finance banks are beginning to feel the heat of localized lockdowns and the advancing pandemic wave, as the virus spreads to India’s small towns and hinterland. However, they are better prepared this time, after last year’s severe setback. “The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays in collections for the last few days. Collections have been hit only 1-3% due to the second wave," said Rajeev Yadav, chief executive officer, Fincare Small Finance Bank. Unlike last year, these banks now have a better collection machinery and tele-calling measures to ensure that the pandemic’s impact is limited. An executive at a small finance bank said that nearly half of his employees have been infected by the virus, with 150 cases in just March and April, which has slowed down loan recovery. Please click here to read more.

Livemint.com, 22 April, 2021, https://www.livemint.com/industry/banking/collections-at-small-finance-banks-feel-the-heat-of-covid-11619031780587.html

Tagged with: Localised lockdowns Loan recovery Microfinance loans Small Finance Banks Microfinance institutions MFIs Covid-19

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