India covid-19 experts 2020 India

Moratorium on loans to hurt balance sheets of non-bank financiers, say experts

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Experts said that while the moratorium will help borrowers, it is not the most effective solution to the problem The six-month moratorium on loan repayments will hurt the balance sheets of Indian non-bank financiers as while their borrowers have availed of the deferment, these companies have not got similar relaxations from banks, said experts from the financial services sector.

Speaking in videoconference at CII’s Annual Session 2020 on Tuesday, these experts said that while the moratorium will help borrowers, it is not the most effective solution to the problem.

Moderated by Sanjiv Bajaj, managing director, Bajaj Finserv, other speakers on the panel included Sanjay Nayar, chief executive, KKR India; Abhimanyu Munjal, chief executive,

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