One Time Debt Recast Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks fear second wave of defaults as curbs begin to bite
Premium
Bankers fear the lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely to hurt borrowers, triggering a second wave of defaults. Without a repayment moratorium like the one announced by the RBI last year, the defaults are likely to pinch banks harder
Share Via
Read Full Story
MUMBAI :
Banks, bruised by the pandemic last year, are bracing for more pain as the second wave of the pandemic threatens to raise loan default rates and worsen asset quality.
Bankers fear the lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely to hurt borrowers, triggering a second wave of defaults. Without a repayment moratorium like the one announced by the Reserve Bank of India (RBI) last year, the defaults are likely to pinch banks harder. ....

Bad Loans , Covid 2nd Wave , Second Wave Of Defaults , Loan Default Rates , Repayment Moratorium , Shaktikanta Das , One Time Debt Recast Scheme , Indian Banking System , மோசமான கடன்கள் , கடன் இயல்புநிலை ரேட்ஸ் , இந்தியன் வங்கி அமைப்பு ,