Auto-debit defaults decline in February: NPCI data

Retail loan repayments are gradually getting more regular, as is evident from fewer defaults in auto-debit transactions in February. Data from the National Payments Corp. of India (NPCI) showed that 36.6% of all auto-debit transactions by volume failed in February, about 8.75 percentage points lower than what was seen in June last year (the highest in 2020). Bounce rate in February was, however, still higher than the pre-covid run rate...
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