Banks fear second wave of defaults as curbs begin to bite2 min read 14 Apr 2021, 12:01 AM IST
Bankers fear the lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely to hurt borrowers, triggering a second wave of defaults. Without a repayment moratorium like the one announced by the RBI last year, the defaults are likely to pinch banks harder
MUMBAI : Banks, bruised by the pandemic last year, are bracing for more pain as the second wave of the pandemic threatens to raise loan default rates and worsen asset quality.
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