Finance Indian banks still not out of the woods, says ICICI Direct Updated : July 02, 2020 05:21 PM IST The NBFCs have 50-70 percent book under moratorium and are trying to manage liquidity as the majority did not receive moratorium from banks. ICICI Direct said that preservation of capital is the top priority followed by recovery while growth has taken a backseat. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.