Abhishek Dafria India covid-19 pandemic Government Abhishek Dafria India

Rising covid-19 cases could dampen NBFC fund raises: Icra

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₹40,000 crore of their loan assets in Q4 FY21, which is similar to volumes seen in Q4 FY20, according to Icra estimates.Also Read | How India’s banking model has changedThis implies a sharp quarter-on-quarter (q-o-q) growth of around 60%.

The rating agency said due to the covid-19 pandemic and resultant nationwide lockdown, securitisation volumes had seen an unprecedented fall in the first six months of the financial year after two successive years of healthy volumes close to ₹2 trillion each.Abhishek Dafria, vice-president and head (structured finance ratings), Icra Ltd said that on a positive front, the lockdowns announced by a few state governments at present are less restrictive in comparison to the nationwide lockdown seen last.

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