Equitas Small Finance Bank MD PN Vasudevan discussed impact of Maharashtra drought/farm loan waiver on the bank's agri and microfinance book

Tue 29 Sep 2026

Maharashtra drought coverage

2/3 of the state

Microfinance share of advances

10 to 11 percent

Maharashtra share of advances

about 2 percent

Collection efficiency microfinance

99.7 to 99.75 percent

Heard on Live TV News Channel between 09:58:05 - 09:59:20 IST.

• Maharashtra government declared drought in nearly two-thirds of the state; SLBC and DLCC to work out farmer support.
• Vasudevan said past farm loan waivers historically haven't hurt bank recoveries since government eventually pays off waived amounts, though some borrowers who can pay may stop paying expecting waivers.
• Bank does not give direct agri loans; microfinance forms 10-11% of total advances, with Maharashtra contributing about 2-2.5% of total advances.
• No change yet seen in repayment patterns or collection efficiency in Maharashtra, X-bucket collection efficiency remains around 99.7-99.75%.

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