"India's non-bank financial institutions (NBFI) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections," Fitch Ratings said in a statement. It said a key COVID hotspot is Maharashtra, the state with the largest economic contribution in India at 13-14 per cent of the national GDP.source https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfis-face-renewed-asset-quality-risks-amid-second-covid-wave-fitch-ratings/articleshow/81965173.cms
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