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Why bad loans of banks won’t start piling right away

India 2020 pandemic
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non-banking financial companies. Both corporate and individual defaults are expected to increase in the months to come. However, these bad loans will not start piling immediately.

Mint explains why.Why are bad loans expected to go up?As Stephanie Kelton writes in The Deficit Myth, “Spending is the lifeblood of capitalism.

Without it, businesses would have no customers, no sales revenue, and no profits to keep them afloat." Consumer spending has collapsed over the last few months due to the pandemic.

Though lately there have been some signs of revival, it will take a while before spending comes anywhere near the pre-covid level.

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Coronation Street legend Thelma Barlow teases return after 23 years away
Coronation Street legend Thelma Barlow has revealed she has turned down three ­offers to return to the soap as Mavis Wilton.The 91-year-old exited the cobbles in 1997 after 26 years on the show.And although Thelma says it is unlikely she will ever go back to playing shopkeeper Mavis, she has actually left the door open.She said: “I said when I was leaving I would never go back.“Although I am just saying 'no' on how I feel at the moment.“They’ve asked me back two or three times but I’ve always said no because I feel as though I’ve packed Mavis away in a box.
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