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Published: Dec 29, 2021
Updated: Dec 29, 2021
If banking insiders are to be believed, the NBFC sector is staring at huge defaults from its customers. While Srei Infrastructure is already facing a tough time, bankers said due to Covid, the business models of gold loan companies have gone for a toss. The customers of car and personal loans have defaulted as millions lost jobs due to Covid lockdowns. A South based NBFC has already defaulted on its loans to the banks and has sought debt restructuring.
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