~ Targeting 10%-12% growth in disbursements in the current fiscal year ~
Mumbai, 1st October 2020: Capri Global
Speaking about the encouraging signs of upturn Mr. Rajesh Sharma,
“Other sectors like infrastructure finance, large ticket size lending and wholesale finance are bit under pressure” he added further.
In the last six months, CGCL has witnessed sizable improvement in collection efficiency both in the MSME and home loan segment. Among all the CGCL MSME and home loan borrowers, around 40% of the borrowers have been regularly paying the monthly EMIs for the past six months, whereas only around 6% of the customers were facing challenges to pay the EMIs consistently.
• CGCL is into secure lending for MSME and home loans and expect NPA to rise at most by 1% to 2%
• The Company’s MSME loan under moratorium 2.0 stood at 37% in comparison to 53% as under moratorium 1.0.
• Not much loan restructuring request has been received so far, thus, expecting minimal impact in next 2-4 month
• Increase in MSME activities in Tier-III and Tier IV towns
• The Home loan moratorium rate stood at 27% under moratorium 2.0 in comparison to 33% as under moratorium 1.0
• Major demand for home loans are coming from within Tier III and IV towns as CGCL offers home loans to the affordable housing segment where the cost of house is less than Rs 30-35 lakh
• CGCL is witnessing home loan requirement for self-construction plots as well as ready-to-move-in property
• The trend of increased demand is primarily because of realization to own a home as a result of COVID-19 as well as to take the advantage of reduced home loan interest rate which has significantly came down by 150 basis in the last six months