Know Equitas SFB’s – Collection Efficiency || Hybiz tv


Commenting on the collection trends, Mr. P N Vasudevan, Managing Director and CEO of Equitas Small Finance Bank said:

In view of the lockdowns in different parts of the country, normal commercial life has been disrupted. Our customers who are majorly small traders and business people engaged in daily use products, were unable to open their shop and their livelihood has been accordingly impacted.

Our conscious plan to grow the unsecured micro finance book at a slower pace compared to the rest, has helped mitigate the overall credit cost impact on the bank. As of 31st March 2021, the unsecured micro finance advances were 18% while the remaining 81% were secured loans. The least impacted product which is Small Business Loans secured by house property, constitutes 45% of the total advances.

Last year we had seen as much as 90% by number of clients and 98% by value avail moratorium in April ’20 but post September ’20, we had seen a strong pick up in collection efficiency and ended the year with March ’21 at pre-covid level collection efficiencies.

As and when the severity of Wave 2 recedes from the country and life comes back to normal, our customers are expected to bounce back quickly, since they deal largely in daily use products and services. We are beginning to see some relaxations in the lockdowns in June and hope that 2nd quarter would be largely back to normal

#EquitasSmallFinanceBank # SmallFinanceBank #FinanceBank #Bank #SmallBusinessLoans #BusinessLoans #Loans #microfinance #Hybiz

HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 11 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India’s Leading online business channel
► like us on Facebook:
► Watch More Videos on
► Subscribe to HYBIZTV Channel:
►Follow us on Twitter