As special audit of Srei Infra Finance begins, it's déjà vu for banks and fixed income market

“The Covid-19 has definitely affected the cash flow of our clients, who are primarily contractors and infrastructure companies. In view of the present situation, many of our customers have sought to align repayments with their cash flows. Our liquidity is similarly aligned to those of the clients, which has been in accordance thereof,” A Srei spokesperson said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pT4mdm