Monday, January 3, 2022

Covid Impact: Banks & NBFCs brace for deterioration in asset quality

“It’s a wait-and-watch mode; some states and large cities have announced night curfews, and are restricting movement of people. That is likely to affect business momentum,” said a senior official with a state-run bank. “Frankly, the big worry is about demand getting affected again because that will derail plans undertaken by businesses.”

from Banking/Finance-Industry-Economic Times https://ift.tt/3JEFwIj

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