 "Genpact, Pramod Bhasin")
Pramod Bhasin, former Genpact chief executive officer (CEO) and chairman of online lending platform Clix Capital, said the COVID-19 pandemic is going to impact the online lending space in a big way.
According to him, demand reduction is likely to be over 50 per cent in many cases. He also warned of a surge in bad loans and delayed payments as result of significant cash flow shortages. “Impact of the virus and the lockdowns are bound to have a very significant impact on the overall economy as well as the lending environment across India. Given that businesses cannot operate normally, people
