Banks red-flag looming retail loan default, push for 6-month moratorium -George Mathew & Anil Sasi
-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a recent review meeting. The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Please click here to read more. |
The Indian Express, 14 April, 2020, https://indianexpress.com/article/business/banking-and-finance/india-economy-bank-coronavirus-loans-6361425/
Tagged with: Indebtedness Loan Defaults Economic Growth MSMEs Micro Small and Medium Enterprises NPAs Non-Performing Assets Retail Loans Moratorium Coronavirus Covid-19 Job Losses Manufacturing Sector Industrial Sector Lockdown
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