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Moody’s says PSBs need Rs 1.9-2.1 lakh crore of capital buffers to combat COVID-19

Updated : August 21, 2020 05:27 PM IST

Moody's said a sharp slowdown in India’s economic growth made worse by the coronavirus outbreak will hurt public sector banks.
This, as per Moody’s, will significantly deplete their capital buffers, and government support may be required to plug the shortfall.
Moody’s says PSBs need Rs 1.9-2.1 lakh crore of capital buffers to combat COVID-19

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