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Stressful times at NBFCs: Experts discuss slippages, loan recasts

Updated : September 25, 2020 17:28:51 IST

Stressful times continue for financial lenders as slippages are expected to rise and loan recasts are on the anvil.

In an interview with CNBC-TV18, TT Srinivasaraghavan, MD of Sundaram Finance and N Kamakodi, MD and CEO of City Union Bank spoke at length about the stress on NBFCs.

According to Srinivasaraghavan, delinquencies will increase; whether by 250 bps or not is not clear.

City Union Bank's Kamakodi expects 5-6 percent of book requires rescheduling or restructuring.

Watch the video for more.
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