Left out in the cold: With no support, NBFCs likely to be in a bind

Should the time-frame for provisioning for bad loans be extended to 180 days from 90 days?” asks Ravi Subramanian, managing director and chief executive officer (CEO) of Shriram Housing Finance, before going on to add, “I will answer that question at the end of this month.” He explains: “When an economy contracts by 9-15 per cent, there will be repercussions. One may therefore look at differential provisioning — not the 90-days past due norm across segments.”    Now, what could unfold at the systemic level, going forward? Could a second .....

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