Tuesday, June 30, 2020

Loan recasts to only defer problem, NPAs may zoom up to 14pc due to COVID-19: S&P

The coronavirus pandemic has led to prolonged lockdowns and a chilling of economic activity, forcing the RBI to declare a six-month voluntary moratorium on loan repayments till September.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-recasts-to-only-defer-problem-npas-may-zoom-up-to-14pc-due-to-covid-19-sp/articleshow/76711314.cms

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