Stress predates Covid: Bankers tell Supreme Court – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/money-and-banking/stress-predates-covid-bankers-tell-supreme-court/article33348966.ece?homepage=true

The Reserve Bank of India (RBI) on Wednesday said in the Supreme Court that there has not been a single case of Covid-related financial stress to which banks have shown an “apathetic” attitude.

The Indian Banks Association, represented by senior advocate Harish Salve, said the pleas extend beyond the financial stress caused by the pandemic. He asked whether some of these sectors have placed on record anything to reveal how wobbly they were even before the pandemic.

The court will resume the hearing today.

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