Lockdown impact on NBFCs’ asset quality to be evident gradually: RBI
May 17, 2021
NBFCs continued to disburse credit despite Covid disruptions - PTI×
Incremental credit flows to the retail sector continued to increase
As Non-Banking Financial Companies (NBFCs) have continued to disburse credit despite the pandemic, the impact of the lockdown will be evident on their asset quality gradually, said an article in the RBI’s monthly bulletin.
“NBFCs continued to disburse credit despite disruptions caused by the pandemic, albeit at a slower pace,” said the article titled
‘Performance of NBFCs during the Pandemic: A Snapshot’.
Credit performance
Incremental credit flows (on year-on-year basis) to the retail sector continued to increase in the second and third quarter of 2020-21, but at a slower pace, while services sector saw marginal increase in the third quarter last fiscal, wherein vehicle loans, gold loans, transport and tourism were the beneficial segments.
Economic activity gathering steam, but private investment missing: RBI
The vaccination programme has released pent-up optimism and there is little doubt today that a recovery based on a revival of consumption is underway, RBI said.
BusinessToday.In | March 1, 2021 | Updated 19:03 IST
With production of pulses 6 per cent higher than a year ago, inflationary pressures on the food front are set to ebb, RBI said.
The Reserve Bank of India (RBI) on Monday, March 1, said India s economic activity is gaining momentum on COVID-19 vaccination roll out and decrease in infections, but private investment is missing.
The vaccination programme has released pent-up optimism and there is little doubt today that a recovery based on a revival of consumption is underway, RBI said.