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NBFCs face renewed asset quality risks amid 2nd COVID wave: Fitch

Non-banking finance companies face renewed asset quality and liquidity risks amid a second wave of COVID-19, Fitch Ratings said on Thursday. Illustration: Dominic Xavier/Rediff.com These......

GDP expansion likely at 4.9% in FY20, 5.5% in FY21: Moody's

Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth. Illustration:......

RBI asks banks not to levy processing charges on loans

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans. "It is not proposed to issue any guidelines to the banks to offer loans to......

All you wanted to know about NBFCs

What is a non-banking financial company (NBFC)? How does it differ from a bank? Get the answers to these and many more questions on NBFCs. What is a non-banking financial company (NBFC)? A......
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Even NBFCs face asset quality risks amidst resurgence of COVID-19 infections

"India's non-bank financial institutions (NBFI) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections," Fitch... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfis-face-renewed-asset-quality-risks-amid-second-covid-wave-fitch-ratings/articleshow/81965173.cms

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