Second wave of COVID infections increased bank's asset quality risks: Moody's

The country's economic recovery, a tightening of loan underwriting criteria and continued government support will prevent a sharp spike in problem loans, it said. "A severe deterioration of banks' asset quality is unlikely, despite an expected rise in new loan impairments particularly among individuals and small businesses that were hit hardest by the virus outbreak."

from Banking/Finance-Industry-Economic Times https://ift.tt/3sNO3k0