What data says

The findings of the survey corroborate with the data revealed by banks.

After an initial uptick, the number of loans under moratorium has dropped sharply in the past three months for some of the banks. The latest set of data shows that more borrowers have resumed payment of their loan instalments.

Analysts at Morgan Stanley (Research) are bullish especially about large private banks, stating that a large part of borrowers opted for the moratorium in a bid to merely preserve liquidity. “We are less worried. On books under the moratorium, we note that a large part of the moratorium at large private banks is driven by liquidity preservation. Indeed, a lot of customers are receiving salary credits.” the analysts noted in the report dated Sept. 10.

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