Page 34 - Banking Finance May 2020

ARTICLE

Conclusion

The near-term damage shall
be significant.

There is a downward shift
in Digital Payments in March
since Feb. This is expected to
fall further by ~20% in April.

Due to the EMI morato-
rium, credit cost is expected
to be elevated in FY21

Discretionary expenses
shall be deferred, which shall
impact other fintech offerings.

Lakewater is positive on long
term bet in Indian economy.
Since, we are comparatively
2008 Recession can act as a starting point to recover from less dependent on exports; our exposure shock in context
this fatal economic blow. However, the speed to recovery is to world trade shall be less. Low price of crude oil shall also
dependent on multiple drivers.
cover us from external shock. Overall, we are expecting that
PE investments shall remain strong and shall have V shaped
recovery soon post this
Corona pandemic.

Nonetheless, we hope, you
stay at home and stay healthy.

Reference
https://
economictimes.indiatimes.com/
news/economy/foreign-trade/
coronavirus-crisis-its-time-
forindia-inc-to-create-
opportunities/articleshow/
74153826.cms?from=mdr
https://www.thestar.com.my/
news/regional/2020/03/30/
eiu-india-to-be-fastest-
growing-g20-economyas-
global-gdp-shrinks
https://economics.rabobank.com/publications/2020/
march/coronavirus-economic-impact-covid-19-onindia/
India%20perspective%20COVID%2019.pdf.pdf.pdf.pdf
https://www.worldometers.info/coronavirus

34 | 2020 | MAY | BANKING FINANCE