BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
We draw the following inferences from the report on Trend and Progress of Banking - FY20 (released by the Reserve Bank of India)
1. Indian financial system (banks in particular) has displayed resilience and strengthening of the balance sheet (Covid-19 provisioning, plough back of dividend, capital buffer) will help shield financiers against stress emanating from the pandemic;
2. troika of policy rate cuts/liquidity infusion, regulatory forbearance and time-bound resolution with additional provisions ease immediate concerns.
However, it will be key to assess the impact when policy support is rolled back as asset quality may deteriorate.
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