Photo: Greater Kashmir
Collection Efficiency Of Non-Banking Lenders Met Pre-COVID Level: ICRA
The Investment Information and Credit Rating Agency on February 22 revealed that non-banking lenders attained a collection efficiency in retail loan pools, reaching pre-COVID levels. ICRA cited the improvements in economic activity ensuring borrower's repaying capacity and dedicated recovery efforts by lenders as the reason behind surge. While the intrapolated study also included figures of housing finance companies, the ICRA also expected… read-more
Tags: ICRA, Improved collection, collection efficiency, Rating Agency, Non Banking Lender
Courtesy: The Economic Times
Photo: DNA India
Farmers' Protest: Toll Plazas Suffering Rs 1.8 Cr Loss/Day
The public-funded toll plazas across Punjab, Haryana, and Delhi-NCR are undergoing a loss of Rs 1.8 crore a day due to farmers' protest stated Union Transport Minister Nitin Gadkari. Reportedly, the loss that started in October 2020 has intensified to the zero-fee collection since December. Earlier, reports by rating agency ICRA had estimated loss of Rs 600 crore due to protests as 52 toll plazas were predicted to be affected.
Tags: Farmers' Protest, Nitin Gadkari, ICRA, Punjab, Haryana, Delhi-NCR
Courtesy: Deccan Herald
