₹1.9 lakh crore to ₹2.1 lakh crore in external capital needed over the next two years to restore loss-absorbing buffers," said Alka Anbarasu, Moody's Vice President and Senior Credit Officer.The most likely source of capital to plug these capital shortfalls is the government despite its completion of a large recapitalisation just a few months ago."PSBs dominate India's banking system, meaning any failure could jeopardise financial stability," added Anbarasu. "As such, we expect government support will remain forthcoming."Moody's base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in fiscal 2021.