Banks that skirted India’s bad loans can’t escape lockdown

After doling out nearly two-thirds of new lending in 2019, the private banks have been unable to escape the effects of India’s lockdown of its economy, which is expected to devastate many of their retail and corporate customers. If they curtail new loans even to healthy borrowers, that will have serious consequences for the Indian economy and the pace at which it can emerge from the crisis.

from Banking/Finance-Industry-Economic Times https://ift.tt/2VdzxD4