According to banking sources, work is progressing on multiple fronts to ensure that the bad bank starts operations as soon as possible. On Wednesday, bankers met to finalise the capital structure of the bad bank (NARCL). Sources said that the company would need at least Rs 6,000-crore capital of equity and debt to start operations.
Icra Ratings said NBFC, HFCs will feel the stress of the second wave of Covid-19 and movement restrictions imposed by various states in Apr-May 2021, given the fact that 25-30% of their loan collections happen through field collection teams and largely via cash
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