The second wave is more dispersed and thus smaller towns and villages witnessed a sharp rise in infections and fatality. With reduced income levels and higher health expenditures, India Ratings expects the performance of asset segments such as microfinance to be significantly affected.
Corporate deleveraging could continue to slowdown bank credit: SBI“We believe such low credit growth was a direct fallout of corporates rapidly deleveraging by repaying high cost loans through funds raised through bond issuances,” said Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI.
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