Rising debit bounce rate indicates stress

Although most lenders have been reporting a collection efficiency of over 95% on their retail loans and lower than-expected delinquency following the pandemic, there are indications of stress among bank customers. Data from the National Payments Corporation of India shows that debit bounce rates among the National Automated Clearing House (NACH) transactions have gone up to 41% as against 31% pre-Covid.



December 03, 2020 at 06:43AM