Thursday, July 2, 2020

HFCs better placed than other NBFCs in terms of asset quality: Report

“Portfolio under moratorium for some large NBFCs is as high as 70- 80%, with the sectoral average of about 52%, while for HFCs the average is about 28% " said A M Karthik, Vice President and Sector Head, Financial Sector Ratings ICRA "The additional covid-19 -related provision carried by NBFCs is about 0.7% (of the AUM), while for HFCs is about 0.2%."

source https://economictimes.indiatimes.com/industry/banking/finance/hfcs-better-placed-than-other-nbfcs-in-terms-of-asset-quality-report/articleshow/76743485.cms

No comments:

Post a Comment