By default: Coronavirus threatens to derail retail boom for Indian lenders

A near two-month nationwide lockdown to halt the spread of COVID-19 has clobbered India's retail financial segment, seen as the last bastion for a banking industry that had already raked up more than $120 billion in bad loans and is ranked the third-worst among 13 major world economies in asset quality.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dOhF84