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System-wide loan moratorium down to 25% due to resumption in business activities: Acuité Ratings

Loans under moratorium in the financial system fell to 25% for the June-July period due to resumption in business activities, research by Acuité Ratings shows. In the second phase the moratorium figures are roughly 30% for public and 20% for private sector banks. The reduction in the moratorium burden has been higher for the NBFC sector from the earlier 65% to around 45%.For the retail borrowers in banks, the share of moratorium loans came down to 45% in the phase 2 of moratorium against 60% phase 1. For corporate borrowers moratorium levels declined to 17.5% against 25%, the research shows.

Read More at The Economic Times News date : 1 Aug 2020, Saturday

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