NBFCs' loan collections improved in September quarter, says report

The build-up in provisions will help non-banking finance companies (NBFCs) against incremental uncertainties, Icra said in a report, adding that such bodies are carrying about 50 per cent higher provisions at 3.1 per cent of the assets under management (AUM) as against 2 per cent in the year-ago period.

from Banking/Finance-Industry-Economic Times https://ift.tt/2K7u0KU