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New loans may become harder to get as lenders turn cautious in lockdown

Be prepared for lower loan eligibility and risk-based pricing

Topics
Bank loans | Indian lenders | Lockdown

Naveen Kukreja 

As the country grapples with the Covid-19 pandemic, it is clear that this crisis will not end anytime soon, at least not for the next few months. It will have a deep impact on the economy and almost all industries.

Lending is among the sectors that have been hit the hardest. It has come almost to a standstill since the last week of March due to a couple of significant limitations. Lenders caught off-guard: The lending industry, including large banks and non-banking financial companies (NBFCs), was largely underprepared to tackle a situation where there would be restrictions on ...

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First Published: Sat, May 30 2020. 21:59 IST
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