Asset quality improves despite shift to 90 dpd recognition Although LTFH moved to 90 days past due (dpd) non-performing assets (NPA) recognition across all business segments, it reported significant improvement in asset quality. Gross NPA ratio improved by 140 bps QoQ to 5.7% on the back of higher recoveries in tractor portfolio along with sale of infra loans worth Rs350 cr to ARC. Net NPA ratio improved by 171 bps QoQ to 3.3% on account of aggressive provisioning policy of the company. As a result, provision coverage ratio (PCR) also improved by 1264 bps QoQ to 42%. Notably, LTFH hired McKinsey and Oliver Wyman to improve risk management system. This enables LTFH to establish strong risk...