Piramal Enterprises is expecting a rise in delinquencies in its business loan segment, with levels projected to increase to between 2% and 2.1% in the upcoming quarters.

The company's Managing Director, Jairam Sridharan, highlighted the ongoing stress in both microfinance and business loans during the company's post-Q2 earnings call.

In the July-September quarter, delinquencies in business loans increased to 1.6%, up from 1% in the same period last year, and an increase from 1.3% in the first quarter of the current financial year.

Sridharan mentioned that although the current trend suggests a rise in delinquencies, there is potential for stabilization in this segment after a few quarters as conditions improve.