NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings

"India's non-bank financial institutions (NBFI) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections," Fitch Ratings said in a statement. It said a key COVID hotspot is Maharashtra, the state with the largest economic contribution in India at 13-14 per cent of the national GDP.

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