Banks must look at NBFCs to know real retail loan stress2 min read 24 Dec 2020, 09:33 AM IST
Banks need to only look at their non-bank peers to see the impact covid-19 has had on retail creditworthiness and demand for credit. A report by credit bureau Cibil TransUnion shows that stress among retail customers has increased.
Improving collections, recovery in credit demand and a less than feared impact on employment in the organized sector have emboldened banks to conclude that the pandemic won’t bruise their retail loan portfolio. Lenders may be right but ignoring some signs could be harmful.
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