In a desperate cry to the finance minister, a group of about 100 small microfinance firms with less than Rs 200 crore loan portfolio each has sought conversion of their outstanding bank loans into equities as their fund dried up. Every microfinance lender including the bigger ones is facing the stress since business stalled during lockdown while the smaller ones are always more vulnerable.source https://economictimes.indiatimes.com/industry/banking/finance/banking/small-mfis-turn-vulnerable-to-default-seek-relief-package/articleshow/75433183.cms
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