microfinance. While a second wave of covid infections in Maharashtra and other states threaten to disrupt collections once again, the impact is expected to be milder this time round.Speaking to Mint, the bank’s chief executive Ajay Kanwal said the lender is allowing microfinance customers payment rescheduling options to tide over the crisis.Also Read | The great financial crunch: How the pandemic sank Indian statesEdited excerpts:How do you read the Supreme Court order in the loan moratorium case?All of us were always preparing for the moment when this stay order goes away.
I think that is not much of a challenge. Then, there is the part of the order that every borrower, even those with more than Rs2 crore in loans, have to be compensated..