With the IMD issuing heatwave warnings, lenders in India are bracing for challenges. They anticipate a decline in collection efficiency and loan disbursals due to less active sales teams. To mitigate this, they are adopting digital collections and tightening underwriting standards for heavily impacted industries. Last year, extreme temperatures caused significant drops in loan collections, especially in North India.
from Banking/Finance-Industry-Economic Times https://ift.tt/cCKQSTs
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