Manish Sabharwal writes: COVID creates deep pain but we must resist consistently choosing borrowers over lenders

Manish Sabharwal writes: COVID creates deep pain but we must resist consistently choosing borrowers over lenders

Bank and the Covid pain: We must persist with a multi-year five-pillar strategy to raise credit to GDP ratio to 100%

AUGUST 7, 2020 10:09:28 AM

Manish Sabharwal writes: God willing, we won’t test the RBI’s COVID worst-case scenario of 14.7 per cent bad loans but handling the inevitable COVID bank pain needs resisting short-termism. In the long run, we are not all dead.