Ever since free fall started in Indian Markets due to covid -19 effect,Bank nifty has remained most sensitive and affected All major rating agencies have further downgraded them and that is a perennial problem with banking sector that when economy goes in gloomy zone ,NPA will be the first thing which will hit bank in retail, SME, corporate , wholesale, Agri sector, Hence Future outlook for at least three years again becomes uncertain. RBI liquidity infusion is peanuts and the government fiscal capacity to backstop NPA losses remains constrained given the social priorities and revenue slowdown. Further, it said that mid-size banks and NBFCs (non-banking finance companies) are now forced to severely curtail their growth plans in the near term. All major Bank comprising Bank nifty has fallen almost 15-25% from their 26 th feb 20 level. In a further survey Bank of America Merrill Lynch has further downgraded it’s outlook on Banking industry As for individual stoc...
Artificial Intelligence has as of now not made any significant impact on COVID -19 cases but data scientist are coming with innovative tools to fight corona virus pendemic