Credit shrinks less in second Covid wave due to localised lockdowns

In a report dated August 16, Nomura said that its India business resumption index (NIBRI) took less than three months to cross 100 after the second wave, whereas it had taken nearly 10 months to crawl back towards the 100-mark after the first wave of Covid-19.

from Banking & Finance – The Financial Express https://ift.tt/3xYsj66