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Weathering COVID-19: Impact on Banking in India

The impact on the key stakeholders, and the way forward for the financial institutions.

COVID-19 has emerged as the black swan event of the century, with significant macroeconomic impact both globally and in India.

The exponential spread of COVID-19 has led to a significant fall in major indices, indicating its impact and potential to significantly affect GDP growth. While the overall impact of COVID-19 on credit growth is expected to be negative across most sectors, the degree and nature of the impact is likely to vary based on the duration and extent of disruption.

Note: This is the first in a two-part thoughtware. Click here to access part two.

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