BoB chief warns of rising stress in retail and small businesses -Shayan Ghosh

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published Published on Jan 27, 2021   modified Modified on Jan 28, 2021

-Livemint.com

Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the retail and small business segments as a fallout of covid-19 stress

Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the retail and small business segments as a fallout of covid-19 stress.

“The kind of stress we are seeing now is something that is unprecedented and, therefore, it is likely that there may be some slippages that you cannot anticipate," said Sanjiv Chadha, chief executive officer, Bank of Baroda.

There is no argument about the existence of stress in the system and while there will be stress in some parts of the book, the bank has a fair handle in terms of how much is there and what are the likely implications, Chadha told reporters.

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Livemint.com, 27 January, 2021, https://www.livemint.com/industry/banking/bank-of-baroda-ceo-warns-of-rising-stress-in-retail-small-businesses-11611752831622.html


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