Covid 2.0 may bring a recast surge at NBFCs - Business News: Latest News & Videos about market and economy | Trendmergers

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Covid 2.0 may bring a recast surge at NBFCs

“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non-bank lender. “We expect a significant drop in profits for this (June) quarter.”

from Industry-Economic Times
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