(i) The quick spread of the coronavirus, the latest pandemic, is wreaking havoc on financial markets, causing capital flight, currency devaluation and threatening a global economic recession (ii) The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. (iii) The pandemic is impacting the banking sector in multiple ways — from business continuity issues to the overall financial outlook. As companies are mobilizing and taking steps to minimize these impacts, they will likely face short- & long-term implications on both profitabilities as well as balance sheet items. (iv) During the pandemic, fintech solutions are proving to be a lifeline in emerging economies. Here's why - and how fintech firms are helping (v) Economic downturn could occur at any time and can affect anyone. When it comes to your career, it's better to be safe than sorry. Here's how to recession-proof your career.

1. Let’s discuss the current economy, fintech scene and more !

3. I am here to share my insights on
the Indian banking scene!
You can find me at

5. “The chances of the worst-case
scenario, with all major economies
suffering a significant shock, are
rising by the day”
— Tom Orlik, Bloomberg Economics ECONOMIST
”

6. A slowdown, simply means that
the pace of the
.
During slowdown, the GDP
but the
.
Recession refers to a
in the economic
cycle when there is a
for some
quarters.
It begins after the
and
ends as the economy reaches its
trough.
A common for
recessions is two quarters of
.
Depression is a
marked by a
.
When , turns out to be
more severe and
.
A common for
depression is a
of more, for more than 3
years.

7. Uncertainty originated in a
major country (US vs China)
Stock market collapse
Monetary and Fiscal support
provided swiftly
Stock market fall has been too sharp
and sudden
GDP growth rate affected massively
Consumer demand has dropped
massively

9. Source: Bloomberg

10. Source: IMF, World Economic Outlook

11. Source: Society of Indian Automobile Manufacturers

13. Increase of loan defaults in
retail / corporate lending 😟
Revenue drop due to interest rate
drop, reduced business activity 😟
Cost cutting resulting in
job losses 😭
Increase in trading (equity &
bond markets) activity 😊
Acceleration of Digital
Transformation 😊
Rise of Digital /
Branchless banking😊

14. ● Repo rate was slashed by 75 bps, reverse
repo rate was slashed by 90 bps
● Cash Reserve Ratio (CRR) reduced by
100 bps
● Announced a moratorium on all loan
payments until August 31
● Allocated Rs 15,000 crore to EXIM Bank
to support trade
● A targeted Long Term Repo Operation
(LTRO) of Rs 50,000 crore
● Systematic changes in NPA classification
● The aforementioned steps taken were to
solve the liquidity issues in the economy.
But inadvertently, they resulted in
surplus liquidity, implying there is
enough money but very few takers.
● As a result, banks have parked Rs 7.29
lakh crore worth of funds with the apex
bank because in these times when all
economic activities have come to
standstill, no company and business are
borrowing money from the bank.

15. Digital channels are more vulnerable Stimulus plans are plagued by fraud scams
Recession has historically driven fraud For banks, call center is the weakest link

17. “The Fintech opportunity is remote –
and it’s NOW!”
— SANJAY SWAMY, MANAGING PARTNER - PRIME VENTURE PARTNERS
”

18. It is a set of APIs that allows businesses to utilise a
unique digital infrastructure to solve India’s hard
problems. It is -
Aadhaar assigns an unique digital
identity that allows one to e-verify themselves
Digilocker provides a cloud account
where one can access their documents
UPI creates a single interface to connect
all bank accounts and wallets
DEPA empowers everyone to control
their Data. It is coming in late 2020.
IndiaStack has been driving the digital banking
agenda, new bank accounts have
been opened under the scheme.
Using AEPS, the government has launched over
(both new and existing subsidy
schemes) to provide subsidies digitally.
Thanks to IndiaStack, the government is well
positioned to make directly into people’s
accounts, to help them survive the lockdown
Now that no one wants to transact in cash or in
person, on-demand services are gaining
prominence, on the back of payment rails

22. Alternate
Credit
Rating
Model
POS Machine
Bill Payments
Social
Media
Rent
History
Geolocation
Browsing
behaviour
Text/Call logs and
contact list
Online buying
behaviour
Psychometrics
Spending
habits
Municipal
records
Government
economic surveys
Health APIs
Taxes