A recovery in India's economy in 2021 will support borrowers' debt service capability after the support measures expire. As a result a sharp deterioration in asset quality is now less likely than we previously anticipated.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/government-support-measures-for-bank-borrowers-softened-rise-in-npls-moodys/articleshow/80708744.cms
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