Press Release

News, Articles, Findoc | March 23
Coronavirus poses new threats to Indian banks buckling under mounting bad loans

Source :- The National 

The COVID-19 (Novel Coronavirus) pandemic has shaken the global economy, with every sector being massively hit by the deadly consequences of the virus. Companies and industries are finding hard to sail in these troubled waters and even banks could see a far-reaching impact during the time lockdown. With banks being burdened by heavy bad loans, major corporations, individuals clients and other relatively smaller businesses have further defaulted on loans.

The executive director at Findoc Financial Services, Nitin Shahi quotes his views on the current situation: “While the scenario has already been worrisome, the arrival of the coronavirus has made the situation even worse.” According to him, small businesses that have working capital gaps will take the biggest hit amidst COVID-19. 

The effect of this serious pandemic on the banking sector and the overall economy will be seen even after the situations settle downs. Read to know how banks are buckling under mounting bad loans due to new threats from coronavirus.




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Important Message The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

Attention Investors
  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  • 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • 3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

Findoc Commodities Pvt. Ltd.

Registered Office :

4th Floor.Kartar Bhawan. Near PAU
Gate No.l. Ferozepur Road, Ludhiana -141001.

FINDOC INVESTMART PVT. LTD./FINDOC FINVEST PVT LTD.

Registered Office :

SCO 210-211, Sector 34-A Chandigarh-160022

Corporate Office :

4th Floor, Kartar Bhawan, Near PAU Gate No.1, Ferozepur Road Ludhiana -141001.