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Retail lending may revive only after festival season: Mahindra Finance chief

By Beena Parmar

  • 18 May 2020
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Retail lending may revive only after festival season: Mahindra Finance chief
Ramesh Iyer, VC and MD, Mahindra Finance

Over the past few years, Indian lenders—both banks and non-bank financial companies (NBFCs)—have relied heavily on retail lending to drive overall business growth. But the two-month-long nationwide lockdown due to the coronavirus pandemic will bring retail lending to a halt in the April-June quarter. People who face a job loss ......

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