The second wave is more dispersed and thus smaller towns and villages witnessed a sharp rise in infections and fatality. With reduced income levels and higher health expenditures, India Ratings expects the performance of asset segments such as microfinance to be significantly affected.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/second-covid-wave-to-impact-rural-loan-collections-india-ratings/articleshow/83334709.cms
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