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NBFCs' NPAs to linger on for 1-2 quarters more on note ban: Moody's

However, NBFCs' exposure to risks from LAP is broadly offset by their share of stable mortgage loans

Press Trust of India  |  Mumbai 

With demonetisation affecting their collections across asset classes, non-banking financial companies (NBFCs) are likely to see a spurt in delinquency levels over the next few quarters, says Moody's. "While the 90 + days delinquency rate in the commercial vehicle (CV) loan segment largely stabilised in the first half of the fiscal year, such delinquencies should build up in the near-term due to the adverse impact of note ban and tighter recognition norms for NPAs," Moody's vice-president and senior analyst Alka Anbarasu said in a report on Tuesday. NBFCs, growing at ...

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First Published: Tue, March 21 2017. 18:30 IST
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