Huge provisioning at NBFCs likely for Jan-Feb bad loans - Business News, Finance News, Share Market News - Market trendz

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Monday, 27 April 2020

Huge provisioning at NBFCs likely for Jan-Feb bad loans

Auditors and company executives told that higher provisioning may be necessary as the pandemic-induced sharp dip would have increased difficulties for these businesses already hit by the ongoing slowdown. In many cases, auditors have asked companies to provide up to 50%.

from Banking/Finance-Industry-Economic Times
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