Ajit Velonie, senior director, CRISIL Ratings, told Business Standard that players will be more proactive in making provisions for early bucket delinquencies and having management overlays.
Sensing the prospects on pressures on asset quality in the second quarter ending September, Fusion Finance Ltd, BSE listed MFI, over the weekend said it may be required to make an estimated credit loss (ECL) provisioning between ₹500-550 crore in Q2FY25 as compared to ₹348 crores provision in Q1FY25.
This story is from the September 24, 2024 edition of Business Standard.
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This story is from the September 24, 2024 edition of Business Standard.
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