Aug 02, 2022

After a rough ride in 2020, India’s banking system faces a litmus test this year

When the spread of Covid-19 was on the verge of hurting the Indian economy in early 2020, the central bank quickly moved to protect the country’s banking system. The Reserve Bank of India (RBI) provided relief to banks as well as borrowers by offering the option of halting loan repayments for six months (March-August).

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