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RBI defers deadline to meet financial parameters - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
'Asset quality pressure to persist for NBFCs' thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
NBFCs’ asset quality may improve only next year: ICRA SECTIONS Share Synopsis “The impact on collection efficiency was lower during the June quarter compared to what was witnessed in the same period last year and initial feedbacks indicate a further improvement in the metric in July 2021,” said AM Karthik, Vice President, Financial Sector Ratings, ICRA Limited. Getty Images Non-bank lenders would continue to see elevated levels of asset quality stress on their books, with the situation improving only in the next fiscal year, rating agency ICRA said on Tuesday. The agency added that bad loans could rise by as much as 50-100 basis points in the current fiscal. ICRA also noted that while growth will revive to 7-9% in the current fiscal year it will remain considerably below past trends due to elevated levels of credit cost. ....
Non-bank lenders to see high levels of stress, recovery only in FY23: ICRA indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
'Asset quality pressure to persist for NBFCs' thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.