Yes Bank said the loan repayments performance by its retail and small business borrowers has been better than expected, and only Rs 300 crore of the Rs 60,000-crore book has applied for the COVID-19-related loan restructuring scheme.

 The collection efficiencies at about 95-96% right now are back to the pre-COVID19 levels of 97%, its Global Head for Retail Business Rajan Pental said. "Only Rs 300 crore of the overall Rs 60,000 crore of the advances book have opted for loan recast till now," Pental said. He stressed that the portfolio quality is immaculate and stable where its customer selection over the past two years has paid off. Borrowers have time till the end of December to opt for the scheme.

He said 54% of borrowers by numbers had opted for moratorium which lasted till August, and an additional 5- 8% could not pay as well. However, 85% of the overall moratorium customers had paid at least one loan installment during the six-month-long moratorium which ended in August, and the right metric to track to understand asset quality is the collection efficiencies. He added the collection efficiency had stood at 89% in September in the first month after the moratorium and have been since increasing. From a loan demand perspective as well, the bank is witnessing the utilization levels - which is the proportion of sanctioned credit being opted by borrowers - getting back to the 60% levels, he said.

Govt eyes big investment in bioenergy generation

Stock Markets Watch: Markets open marginally lower; Nifty above 13K

Glenmark gets US approval for cancer drug, stock rise