Microfinance Sector Is Under Pressure; Manappuram Will Infuse Funds into Asirvad: Shweta Daptardar

"20% cuts in EPS for Manappuram. Microfinance sector is under pressure. Channel check suggests collection efficiency reducing by 200 bps for the sector. Manappuram will also have impact on gold lending business. Manappuram will infuse funds into Asirvad. At least two to three quarters of near term pressures." , says Shweta Daptardar, Vice President - Lead Analyst - Diversified Financials, Elara Capital

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