72% loans affected due to Covid-19, economic recovery improving: K V Kamath

Speaking about the loan restructuring, the chairman said that there will be complications, but "sure that bankers will take a considered decision to reach an equitable proposal"

A day after the Reserve Bank of India appointed committee outlined parameters to deal with 26 sectors buffeted by Covid-19, chairman K V Kamath speaking to CNBC TV18 said that 72 per cent of the loans were affected in the quadrants presented. However, he added that the "economic recovery is better than what we imagined 12 weeks ago." 

Speaking to CNBC TV18, Kamath said,  "There was pressure on industries even before the coronavirus pandemic hit and the GDP contraction of nearly 25 per cent was not a surprise. The last two quarters have been most impacted by Covid-19." 

Speaking about