Author | Scienaptic Research

While demand for credit will probably grow, new challenges have emerged for lenders. As job losses and salary cuts grow, delinquencies have been mounting. Therefore, wary traditional lenders are tightening lending norms while restricting or suspending loans to certain categories of borrowers as a knee jerk reaction to the situation. This demands a rethink.

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We can hardly determine when the economy will stabilize and show signs of recovery. The Deutsche Bank on Monday, 21st Sept 2020, said that “the world GDP will return to the level it was before COVID-19 by mid-2021 after a stronger-than-expected economic bounce in recent months but bloated debt levels and a shift in policy could heighten the risk of a financial crisis”. …

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