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Nearly 60% Of NBFC Customers Have Opted For The Loan Moratorium
That leaves the eventual asset quality of their loan portfolios under a cloud until end of August.
16 Jun 2020, 10:25 AM IST
Non-bank lenders have provided a loan moratorium to over 60% of their customers, leaving the eventual asset quality of loan portfolios under a cloud until end of August.While the Reserve Bank of India initially announced a three-month loan moratorium in late March, allowing borrowers to defer their principal and interest payments until the end of May, last month it extended the moratorium by another three months.“On average around 60...
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