Tuesday, 22 November 2016

Sensex, Nifty volatile

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Post demonetisation India’s booming non-banking financial companies (NBFCs) space took a major blow as repayments made to them were usually in cash. The first week of demonetization saw no repayment at all but collection gradually picked post-November 9. The company has been disbursing loan from whatever repayments they are receiving post the cash ban. On the RBI’s decision to relax loan repayment for banks and NBFCs, as they will get an additional 60 days to for recognizing certain loans as substandard. 

 

This a positive circular in terms of provisioning but it should not be misinterpreted as a two month repayment holiday.

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