COVID-19 deepens rural banks’ woes … as they ‘pull harder’ for locked up investments
Rural and Community Banks (RCBs) could face exacerbated liquidity challenges in the times ahead if the impacts from coronavirus on the economy persist for long as they await payment of locked up investments with collapsed fund management firms.
The future looks quite bleak for the rural banking space as the two main sources of income – loan portfolio and investment income – are not looking too good at the moment.
Source: B&FT
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