because of lower credit loss provisions so that released more of that earnings coming out and also, there has been great growth in the personal and wealth lending space which asia is pretty strong. i actually think interest rate is actually think interest rate is actually passed the negative and if you look at the interest rate margins, it is been lower because of the interest rate position. so it s really because of some temporary factors such as the year on year comparison and credit loss provision going lower. janet mui, provision going lower. janet mui. many provision going lower. janet mui, many thanks - provision going lower. janet mui, many thanks indeed. l beyond meat makes everything from burgers to sausages out of plants, and it says its food doesn tjust taste as good as the real thing, but it s also better for our bodies and better for the environment. my colleague aaron heslehurst asked chief executive and founder ethan brown how easy it is persuade people
Rating agency Standard & Poor’s today said the systemic risk facing banks in India is likely to remain high in the wake of the second wave of Covid-19 infections and the high proportion of weak loans. This is despite India s economic recovery, though the central bank and the government’s efforts to cushion the effects of the economic crisis will limit the stress on the balance sheets of these banks. The control of Covid-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave. Some targeted lockdowns have already been implemented and more will likely be needed. The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement.