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BankBazaar to miss FY21 profitability aim as covid-19 hits retail loan growth

India covid-19 2020 pandemic
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BENGALURU: Online financial services marketplace, BankBazaar will miss profitability target set for 2020-21 as coronavirus-led disruptions have slowed the pace of revenue growth in the financial services segment, said a top company executive.

The online marketplace had expected making an operating profit by the end of March and launch an initial public offering (IPO) by fiscal 2022, Mint had reported in February.

However, the ongoing nationwide lockdown, a moratorium on repayment of loans allowed by the Reserve Bank of India (RBI) and slowing retail loan growth have severely impacted BankBazaar's revenues in the past few months. “We were on track to hit operational level profits for the year ended March 2020, however, due to the pandemic,

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global statement, why recess should be prioritized.Recess is typically the only unstructured time in the school day that provides a setting for children’s physical, social and emotional development — all of which are foundational for mental well-being, school engagement and learning.But when children return to school, we must ensure recess is meaningful, playful and inclusive.
covid-19 social distancing Coronavirus
Jennifer Lopez - Alex Rodriguez - Jennifer Lopez and Alex Rodriguez mask up as they join protesters for Black Lives Matter march in Hollywood - thesun.co.uk - New York - city Hollywood
thesun.co.uk
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Jennifer Lopez and Alex Rodriguez mask up as they join protesters for Black Lives Matter march in Hollywood
JENNIFER Lopez and fiancé Alex Rodriguez joined thousands of people in Hollywood yesterday for the Black Lives Matter protest. The 50-year-old was still recognizable despite being clad in an oversized black hoodie and sporting a black sequin face mask due to the coronavirus.
Jennifer Lopez Alex Rodriguez New York city Hollywood mask stars Coronavirus
COVID-19
United States
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Cases: 46 252 513
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