Covid-19 ends retail loan boom for India’s banks
Banks will face their toughest year in terms of loan growth as retail loans go for a toss
A swift increase in retail loan growth would be hard to come by, at least in FY21
MUMBAI: Indian banks saw more repayments than they lent in April this year. While in normal times, the first month of a new financial year does see repayments exceed loan offtake, it has rarely happened to retail loan book.
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