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New lending opportunities, faster credit delivery may emerge post covid-19
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In the near term, financiers will relook at their business models and collections Dealing with the covid-19 crisis and its aftermath will remain at centre stage for the next several months or years.
Almost all high-employment sectors have been severely impacted. Cost rationalization, layoffs and salary cuts are inevitable as industries struggle to cope with unprecedented challenges.
To address the crisis, central banks and other authorities have rolled out diverse measures, including liquidity injections, targeted loans to affected industries and regions and policy rate cuts.
Banks are also providing forbearance to otherwise economically viable households and businesses. The Indian financial sector could witness an increase in the NPA
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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