*₹2,440 crores! That's how much just vanished from the books of five microfinance lenders.* And no, this isn’t about some sudden crisis in 2025. These are old loans, many dating back to the chaos of the pandemic that never really got repaid. So why are lenders choosing to deal with them now, nearly five years later? Well, turns out, this isn’t just an accounting move. There’s a mix of reasons: regulatory pressure from the RBI, old wounds from COVID still bleeding, and lenders wanting to walk into the new financial year with a clean slate. But here’s the surprising bit. Rural incomes are actually recovering now. In theory, this should be the best time to recover loans. And yet, they’re writing them off. So what’s really going on here? We dive into the full story in today’s Finshots: https://tinyurl.com/Covid-Era-Bills1