India

The first part would entail the sell-off of majority stakes in six lenders.

Top private banks should be able to boost capital effortlessly.

Worries mount of rising bad debts as the pandemic crisis leaves millions jobless.

It has partnered with local players to allow merchants to access 900 locally-preferred payment methods.

It is the latest Indian lender to raise capital to boost buffers against bad loans.

It will be available to clients with pre-approved offers.

A support for the bond market is vital for India's record borrowing plan.

Nonperforming loans are expected to hit 13-14% of total loans for FY2020-21.

Both segments comprised 73% of incremental credit in April.

Gross non-performing loans drove the increase in credit.

A final decision could be made in H2 of India’s fiscal year.

They are pitching for an asset reconstruction company to buy NPLs.

The COVID crisis has resulted in an unprecedented disruption to the economic activity, and will lead to major changes in operations of most industries, including banks. Given below are some views on how banks will need to adjust to the new reality once situation stabilises and economic activity starts resuming normal operations. While this note has been made keeping India in mind, most conclusions will be valid for other emerging economies as well.

In 2019, local firms raised $5.1b in total from 154 deals.

This is to ensure that the government’s relief package reaches the poor.

It reached a 17% CAGR to $319.1b in 2018.