Coronavirus: Banks brace for payment defaults, missed targets
   Date :25-Mar-2020

Coronavirus Banks_1 
Banks are likely to face significant defaults in payment and miss internal targets as more and more states announce lockdowns in the wake of the coronavirus pandemic, senior officials of a number of lenders said on Tuesday. Bankers are also expecting RBI to come out with a forbearance package so that accounts are not classified as NPAs for next few years.
“There should be some forbearance on account of cash flow mismatch. There will be many defaults in the MSME, retail and related sectors,” a senior United Bank of India official said.