With the economy opening up, collection efficiency has improved, Umesh Revankar, MD of Shriram Transport Finance, said in an interview with CNBCTV18.

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April collections were 25 percent compared to the same period last year, and this has now risen to 90 percent of last year’s figure, Revankar said.

He said his customers’ earnings have improved over the last couple of months.

Disbursement in August was Rs 1750, and that is expected to rise to Rs 2700 crore in September, he said.

Revankar expects the coming quarter to witness a rebound in demand.