During the period under review, consolidated Advances under Management (AUM) stood at ₹7,176 crore, marking a increase of 17.2%, despite fall in disbursements in the third and fourth quarter. EHL’s gross non-performing asset for the quarter stood at 3.53% against 1.34%, while net non-performing asset stood at 1.47% against 0.94% for the comparable quarter last year. Due to a stress in micro finance collections during the third and fourth quarter, the management carried out an assessment of the overall micro finance portfolio. Though not an non-performing asset as per RBI norms, the management identified an impaired micro finance portfolio of ₹58.2 crore and made a provision of ₹35.8 crore in the fourth quarter. Micro finance AUM growth for the year was only 0.3% year-on-year as micro finance loan disbursals were reduced during the third and fourth quarter in response to unfavourable conditions.

Source: The Hindu May 05, 2017 17:03 UTC