Non-bank financial entities restructured loans to rise 3.3% by March: ICRA – Business Standard

Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency

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ICRA|loans|NBFCs

Restructured loan books of non-bank financial groups may double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March 2021, hurt by the second wave of Covid-19 infections hitting borrowers, rating agency ICRA has said.

Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers and delayed economic recovery, according to ICRA. Non-bank financial entities cover finance companies and housing finance firms (HFCs).

The Reserve Bank of India (RBI) has allowed lenders to restructure their credit, while maintain…

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