Banks have headroom to raise Rs 3.75 lakh crore from the bond market as RBI increases SLR to 22%.
Banks could not generate new loans, except for refinance opportunities, as all branches remained closed in the first nationwide lockdown.
Bad loans in the banking system are pegged at Rs 9 trillion.
If dining, travel, and aviation were usually the major spends on credit cards, now it is insurance, e-commerce, electronics, online doctor consultation, medicines, bill payments, and retail purchases like grocery, vegetables, and fruits.
