Hyderabad, October 01, 2020.

Capri Global Capital Ltd (CGCL), a diversified NBFC focusing on MSME lending and housing finance has seen increase in credit lending in MSME and affordable housing sector especially in Tier III and Tier IV cities. CGCL has also witnessed surge in the loan disbursement in the August – September month which is now at par with FY19. With the credit off-take in semi urban and rural area, CGCL is confident to achieve the target of 10%-12% growth in disbursements in the current fiscal year.

Speaking about the encouraging signs of upturn Mr. Rajesh Sharma, Managing Director of Capri Global Capital Ltd said, “We see an early green shoots of revival, the ease of lockdown restriction creating demand for credit in the semi-urban and rural areas as well as improving collections. Last month we achieved a pre-COVID level of disbursement and we see activity level going up. We believe the NBFCs with a strong balance sheet and adequate liquidity would benefit in the long run. At Capri, we have adequate liquidity and got a lot of credit lines during the last four-month, utilizing the same towards prepayment of the loan and were able to negotiate better terms.”

“Other sectors like infrastructure finance, large ticket size lending and wholesale finance are bit under pressure” he added further.