Wednesday, April 28, 2021

NBFCs may not see much impact of second wave of COVID-19; pent-up demand to help

According to Shriram Transport Finance managing director and CEO Umesh Revankar, the non-bank lenders may see some temporary delay in loan repayments by borrowers in April or May as customers will like to preserve cash but that will not lead to a very significant jump in non-performing assets (NPAs).

source https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfcs-may-not-see-much-impact-of-second-wave-of-covid-19-pent-up-demand-to-help/articleshow/82295631.cms

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