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NBFC Loan Disbursements Fell An Estimated 70-80% In April
NBFC loan disbursements fell an estimated 70-80% in April and could remain weak through the rest of the quarter, said executives.
13 May 2020, 07:45 AM IST
Caught between a lack of demand and a squeeze on funding, loan disbursements from non-bank lenders fell 70-80 percent in April, estimate industry representatives and analysts.Disbursements across most loan products like automobiles, personal loans and even gold loans fell sharply due to restrictions on normal operations, even though the government was clarified that non-bank lenders are exempt from the nationwide lockdown. Still, mos...
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