View: India can’t count on banks to lead virus recovery

The weakest link in the Indian economy is its banking sector. A weakening of Indian banks will worsen this crisis in two ways. First, it will complicate the path for growth to recover after the lockdown. Banks reeling from a fresh batch of bad loans won’t be able to provide the credit that fuels a recovery.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Xiiv8f