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FY21 revenue may be impacted due to COVID-19: ICICI Bank

India covid-19 pandemic economy
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ICICI Bank said in its annual report 2019-20.The Indian economy would be impacted by this pandemic with contraction in industrial and services output across small and large businesses, said the private sector lender."While systemic liquidity is abundant, the economic weakness caused by the pandemic and uncertainty regarding normalisation will impact banking sector loan growth, revenues, margins, asset quality and credit costs."In view of the COVID-19 pandemic, there will be an impact on revenues and an increase in rating downgrades in the portfolio and NPA formation at a systemic level and for the bank," ICICI Bank said.The bank’s immediate focus in fiscal 2021 would be towards maintaining adequate liquidity, conservation of capital and.

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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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