In India, banks were under pressure even before the outbreak, due to a shadow-banking crisis and a prolonged slump in economic growth. The country also has the world’s worst bad-debt ratio at traditional lenders. That loomed large earlier this year, with the biggest-ever bank failure in the country when authorities seized Yes Bank Ltd.source https://economictimes.indiatimes.com/industry/banking/finance/rush-for-gold-loans-seen-as-indians-seek-refuge-from-slowdown/articleshow/75464867.cms
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