By June, the NBFC's burden of paying debt of Rs 1.75 trillion

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Mumbai, Ta. 11 April 2020, Saturday

Non-banking financial companies (NBFCs) are required to repay a debt of Rs 5.5 trillion by June 1. Any delay in payment from NBFCs to borrowers can lead to a liquidity crisis for NBFCs, a rating agency report said.

Many NBFCs are facing a liquidity crisis following the IL&FS clash. The outbreak of coronavirus has affected the performance of finance companies, which has stalled the recovery of money. If NBFCs do not find a moratorium on their borings, their liquidity will increase. The Reserve Bank has announced a three-month moratorium for borrows facing temporary liquidity stress. NBFC's CEO is claiming that NBFC is providing its customers with moratorium, but they have not found the facility themselves.

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