Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificJuly 3 2020

Indian banks weather the pandemic storm

Indian banks are grappling with non-performing assets and a move towards mergers pushed by the central bank. How are they coping with Covid-19?
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

In the wake of the global Covid-19 pandemic, the Indian government implemented a stringent 21-day lockdown from March 24, 2020, with the aim of halting the spread of the coronavirus.

There were only around 500 officially recorded cases in India at that time, but in the first week of June, as the country prepared to ease out of the extended lockdown, the total number of cases had zoomed up to beyond a quarter of a million, the fifth highest in the world. More worryingly, the numbers showed no signs of abating.  

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial