Looks like 15 August holiday and investor presentation saved the ticker from a circuit down. The presentation shows some positives. 2W PAR seems to have recovered and Microfinance PAR is steady, lending some credence to this being a book cleaning exercise with one time recognition of impairment expense, similar to what they took post demonetization. They have also given a tabular breakdown of amount due and collected per lending segment. The dues haven’t climbed between may and june 2024
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