A pothole in the middle of West 6th Street in Los Angeles. (Photographer: Jonathan Alcorn/Bloomberg)
Small finance banks, which focus on small business loans and micro credit, saw defaults rise as a result of the first wave of Covid infections in 2020-21. Now, even before defaults from the first wave stabilise, the lenders are facing the prospects of another bout of stress emerging from the second wave.Gross bad loans for three listed small banks — AU Small Finance Bank Ltd., Ujjivan Small Finance Bank Ltd., and Equitas Small Financ...