 "asset")
Rating agency CRISIL has estimated that delinquencies for non-banking financial companies (NBFCs) may rise by 50-250 basis points in the current fiscal year (FY21), as the sector grapples with an economic slowdown made worse by the Covid-19 pandemic, and authorities impose intermittent lockdowns to control the spread of the disease.
However, the one-time loan restructuring announced by the Reserve Bank of India (RBI) will somewhat restrict a huge rise in the reported gross non-performing assets (GNPAs), but the underlying challenges will continue.
While collection efficiency has improved significantly since the initial days of the pandemic-induced lockdown, there is still some
