‘Return to normal in financials a fair way off; SIP to remain strong if fewer jobs are lost’

Liquidity measures and the loan moratorium have bought financial institutions, particularly the lending franchises, some time as far as asset- quality issues are concerned but looking at the high-frequency indicators, the return to normalcy is still a fair way off and the asset quality pressures could eventually surface,” Chockalingam Narayanan, Head – Equities, BNP Paribas Mutual Fund, says in an interview to Moneycontrol’s Sunil Shankar Matkar.Edited excerpts:Q: Finally, the much-awaited economic package has been announced. Are these measures enough to get growth back on track if new infections continue to rise and red-zones areas, including Mumbai, remain in a lockdown?Close The measures announced are great from a structural perspective, with supply- side issues being addressed in a great manner. The sheer magnitude of the shift is quite noteworthy and can change the paradigm of the way the country can benefit from evolving trends like (a) shifting of global supply chains (b) opening up of the agri-sector distribution that could help farmers fetch a better realisation for their produce (c) inviting increased participation of private sector and foreign players in critical sectors like defence, mining, etc. At the same time, measures that have been announced have also been particularly targeted to… Read full this story

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