COVID-19 a fading memory, banks look set for the roaring twenties

Fortunes of Indian banks have swung — first from the doomed to an unmitigated disaster, and then to the golden age of growth — in exactly a year as the faster-than-expected economic recovery, high provisions and strong capital positions have adequately prepared the lenders for an expanding credit cycle that should last the next few years. Private lenders should gain disproportionately as they are better placed to take advantage of the recovery