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Beware of a bad loan surge after lockdown is over

India covid-19 economy Government prevention
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The government and the Reserve Bank of India (RBI) have announced measures to support segments of the economy reeling from the impact of the lockdown to fight Covid-19.

Mint examines if they are sufficient to prevent a flare-up in non-performing assets (NPAs) 1. Is the credit pressure rising on companies?

Yes. The lockdown has disrupted businesses and hit sales, incomes and revenues, increasing cash flow pressure. In mid-March, rating agency Crisil said credit pressure on India Inc.

was intensifying. It has reviewed 120 most affected companies and downgraded or put under “negative watch" around 80 of them.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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