MUMBAI : Nearly 72 per cent of outstanding bank credit and 62 per cent of deposits are in the red zone districts and any delay in restarting of economic activity could put pressure on the lenders' balance sheet and asset quality, says a report.
The Ministry of Health and Family Welfare has classified the country into three zones -- green, orange and red (along with containment zones within districts) based on the COVID-19 cases, with varying levels of economic activity across the zones.
As of December 2019, the overall bank credit stood at ₹100.7 lakh crore while deposits were at ₹132.9 lakh crore. Of this, the outstanding bank credit stood at ₹72 lakh crore and deposits at ₹82.5 lakh crore in the red zones, according to the report by Care