According to its credit analyst Geeta Chugh, non-bank finance companies (NBFCs) will be more hit as compared to banks because of lending to weaker sections, reliance on wholesale funding, and liquidity difficulties because of a higher proportion of borrowers opting for default. … [Read more...] about Loan recasts to only defer problem, NPAs may zoom up to 14% due to COVID-19: S&P Global Ratings
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After the US proclamation that banned non-immigrant visas such as H-1B at the back of COVID-19, Canadian immigration reported a huge spike. For instance, the country saw 11,000 immigrants in May compared to 4,000 in April with significant number of them from countries such as India, China, the Philippines, the US, and Nigeria. … [Read more...] about US visa ban | Is Canada really the next destination for thousands of Indian techies after the US?