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Credit Market
17 Aug 2021
Impact of rising NPAs on Gold Loan NBFC bonds-Weekly Credit Analysis
Gold loan NBFCs have seen higher NPAs and weak loan growth in the 1st quarter of this financial year, with gold prices down and covid hit economy borrowers unable to pay interest and principal on their loans. However, given that the NBFCs NPAs are still manageable with high capital adequacy ratio, bonds are not impacted.
Subhasis Mishra
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Subhasis Mishra