The Indian economy is going through a turbulent phase. After the COVID-19 pandemic outbreak, banks and financial sectors are expected to bear the burden of the lower household income and weak businesses. Rising risks amid bad loans, higher provisioning are few challenges staring at the sector. So much so that a foreign brokerage firm called banks and financial services sector as fallen angels. To understand the pain points of the financial sector and understand the challenges ahead, Mint's Nasrin Sultana speaks to Avneesh Sukhija, Senior Analyst, at BNP Paribas.
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