MUMBAI, Feb 17: The liquidity crisis at NBFCs
triggered by the bankruptcy of IL&FS and the Supreme Court
verdict banning use of the Aadhaar data for financial
transactions have led to a 15 per cent drop in micro-lending
by financial institutions for the December 2018 quarter.
Disbursements stood at Rs 41,840 crore for the third
quarter of the current fiscal year, down from Rs 49,450 crore
in the preceding three months, show the data from the credit
information company Crif High Mark.
“There were two major changes during the quarter which
may have resulted in the decline. First was the liquidity
trouble, which subsided towards the end of the quarter, and
the second was the Aadhaar verdict,” agency vice president
Parijat Garg told PTI.
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