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Business EconomyPosted at: Sep 17 2020 10:12AM


CII-Brickwork Ratings report release: Banking Sector Outlook 2020-21

Kolkata, Sep 17 (UNI) A gradual resumption is expected in economic activities in the second half of FY21, yet full fiscal GDP is expected to shrink by 9.5% (YoY), according to Rajat Bahl, Chief Rating Officer , Brickwork Ratings.
CII - Brickwork Ratings Report on Banking Sector Outlook 2020-21 was released on the occasion of CII 13th Banking Colloquium recently.
According to the report, BWR expects a GDP contraction by 9.5% in FY21.
However, economic activities are likely to gain pace from the third quarter of FY 21.
As per the report except agriculture all others sectors have contracted in FY21.
Credit growth, asset quality, profitability of the banks will deteriorate further.
PSBs will require capital to the tune of Rs 1-1.25 lakh crores up to 31 March 2022.
Evolution of co-lending model is expected to transform credit delivery in the times to come.
The report expects innovative structured finance transactions across asset classes to aid retail growth for banks while improving the liquidity position of NBFCs.
Digital banking is becoming the new normal in India and is a critical enabler for growth.
UNI XC KK
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