“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non-bank lender. “We expect a significant drop in profits for this (June) quarter.”source https://economictimes.indiatimes.com/industry/banking/finance/banking/covid-2-0-may-bring-a-recast-surge-at-nbfcs/articleshow/83735057.cms
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