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Bhopal: Madhya Pradesh government’s skilling agency Madhya Pradesh State Skill Development & Employment Generation Board (MPSSDEGB) and the Directorate of Employment, Madhya Pradesh have partnered with talent acquisition and talent management sta ....
Bhopal: Madhya Pradesh government’s skilling agency Madhya Pradesh State Skill Development & Employment Generation Board (MPSSDEGB) and the Directorate of Employment, Madhya Pradesh have partnered with talent acquisition and talent management startup, HireMee to help identify hidden talent and assist them in employability. ....
Synopsis From an average default rate in collection efficiency at 2-3 per cent in pre-Covid times, non-banking finance companies (NBFCs) are now seeing 6-8 per cent of borrowers missing their payment schedules during the second wave of the pandemic. IIFL Finance has halted fresh disbursements for unsecured loans for micro-businesses & personal loans. Agencies The head of another NBFC in the wholesale lending business said, “Disbursement in Q1 is likely to be lower than that in Q4. (This story originally appeared in on May 24, 2021)Hit with a drop in instalment collections due to the Covid-induced lockdowns across the country, non-bank lenders are slowing fresh disbursements and even halting them for unsecured loans. ....
NBFCs stop lending on fear of rising defaults Top Searches NBFCs stop lending on fear of rising defaults Mamtha Asokan / TNN / Updated: May 24, 2021, 11:17 IST FacebookTwitterLinkedinEMail CHENNAI: Hit with a drop in instalment collections due to the Covid-induced lockdowns across the country, non-bank lenders are slowing fresh disbursements and even halting them for unsecured loans. From an average default rate in collection efficiency at 2-3% in pre-Covid times, non-banking finance companies (NBFCs) are now seeing 6-8% of borrowers missing their payment schedules during the second wave of the pandemic. IIFL Finance has halted fresh disbursements for unsecured loans for micro-businesses & personal loans. ....