Moody's Changes Outlook on Indian Banks from Stable to Negative as Covid-19 Disrupts Economy

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances, which in turn will result in increases in delinquencies.

from Top Business News- News18.com https://ift.tt/3dJbDXc