Sunday, April 26, 2020

Huge provisioning at NBFCs likely for Jan-Feb bad loans

Auditors and company executives told that higher provisioning may be necessary as the pandemic-induced sharp dip would have increased difficulties for these businesses already hit by the ongoing slowdown. In many cases, auditors have asked companies to provide up to 50%.

source https://economictimes.indiatimes.com/industry/banking/finance/huge-provisioning-at-nbfcs-likely-for-jan-feb-bad-loans/articleshow/75395671.cms

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