India seems poised to earn its spurs for its manufacturing prowess on the global stage across a bunch of sunrise sectors, from defence to electronics. The Forbes India edition this fortnight has a collection of stories that showcase the potential and opportunity for India in sectors like smartphones and semiconductors
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Illustrations: Chaitanya Dinesh Surpur
1. Will retail loans go sour?
Quite likely, yes. And the unpleasant numbers will show up in January and April 2021, when banks start to disclose asset quality through their quarterly earnings data. Even as much confusion prevails on whether banks will be granted more time to restructure loans considering that the Supreme Court is hearing matters relating to waiver of interest most have resorted to upfront provisioning, fearing deteriorating asset quality in the months gone by. But restructuring the loans will not solve the problems for banks, it will only delay them.
Rather than large corporate loans, the pain point for banks is likely to come from unsecured loans, particularly personal loans, education loans, credit card debt or a small vehicle loan. Individuals who have seen job losses or salary cuts or small businesses where revenues have come to a grind have struggled to repay loans.