With borrowers unable to service loans, shadow banks face even more threats

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The bulk of NBFC’s business is concentrated in the top ten players, including several state-owned enterprises.

Topics
NBFC | Banking sector

YS Chakravarti, Managing Director and Chief Executive Officer (CEO) of Shriram City Union Finance, has a detailed list of measures he believes will ease the pain of non-bank finance companies (NBFCs). He wants “a freeze to allow borrowers to overcome the pressures they face in servicing loans,” and believes that “revising the rules for classifying bad loans will also help.”

He suggests reducing them to 180 days from the current 90 days. ICRA Ratings Believes Home Finance Companies (HFCs) Will Feel The Stress From …

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First published: Monday 7 June 2021 06:10 IST



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