‘Banking sector recovery to pre-COVID may not happen until after 2023’

Around 7.7% (Rs 8.4 trillion) of the total bank credit at end-March 2020 including corporate and non-corporate segments could get restructured or if they do not qualify for restructuring, they may slip. And this could be higher, if the restructuring in non-corporate segments exceeds 1.9% of the total bank credit.