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Farm loan waivers may hurt NBFCs

Farm loan waivers may hurt NBFCs

Saturday, April 15, 2017, 6:56 PM

Rich valuations of some of the NBFCs lending to farmers could come under strain, as expectations of farm loan waivers delay the recovery of advances in some of the important states that are at the forefront of mechanised ploughing in India. UP recently announced a conditional loan waiver, setting off a raft of similar demands from large states such as Karnataka, Maharashtra and TN.
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