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India Business News: Large borrowers across several industries have responded to the Covid crisis by repaying loans and reducing their debt. While some companies pulled ba
India News: Large borrowers across several industries have responded to the Covid crisis by repaying loans and reducing their debt. While some companies pulled ba
NBFCs push for parity with banks, seek access to credit repository of large borrowers SECTIONS Share Synopsis Non-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own customers, or prospective customers, through the CRILC portal. Non-bank lenders, considered crucial for helping further the cause of financial inclusion in India’s layered but burgeoning economy, want parity with their banking peers in accessing an exclusive database on large borrowers — for early stress warnings that should give financiers adequa...
Read more about India Inc's big boys: Share of large borrowers on banks' books decline on Business Standard. However, large advances in the SMA-0 (special mention accounts) category registered a quantum jump (155.6 per cent) over the previous quarter and 245.6 per cent over March 2020 levels