Small Industry, Big Trouble” in Hindi – print and online edition.
Will Fresh Start, bankruptcy law for small debts, help borrowers?
Mumbai, 16 October, 2019: The seventh edition of TransUnion CIBIL- SIDBI MSME Pulse Report shows a marked slowdown in commercial credit growth in the quarter ending Jun‘19. This slowdown comes post a sustained quarter-on-quarter (QoQ) steady growth performance in the commercial credit segment over the last few years. The year-on-year (YOY) commercial credit growth stood at 10.4% in the quarter ending in Jun’19. However, the QoQ comparison indicates a 2.6% decline in credit exposure in the quarter ending Jun’19 over Mar’19. The total on-balance sheet commercial lending exposure in India declined to ₹63.8 Lakh Crores in Jun’19 from ₹65.5 Lakh Crores in Mar’19.
A marginal deterioration in asset quality is also observed with the Non-Performing Assets (NPA) rate surging to 16.1% in Jun’19 from 15.5% in Mar‘19. The overall NPA rate of...