NBFCs’ bad loans could rise to 4.5-5% by March: Icra

Icra Ratings said non-banks (NBFC and HFCs) will feel the stress of the second wave of COVID-19 and movement restrictions imposed by various states in April-May 2021, given the fact that 25-30 per cent of their loan collections happen through field collection teams and largely via cash.

from Markets-Economic Times https://ift.tt/2SOPHno