![epa08274288 A person stands at a Yes Bank branch in New Delhi, India, 06 March 2020. ccording to media reports, the Reserve Bank of India (RBI) has seized control of India's Yes Bank and has caped withdrawal at 50,000 Indian rupee (678 US dollar) per account. EPA/RAJAT GUPTA](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/3UEWSRWCAJRW3JIWKXYB6ENNRU.jpg?smart=true&auth=a5334a542a300d52eafb6d65da5bc37d9b02780e01bc9039adf196af4514ecdb&width=400&height=225)
The non-banking financial sector crisis that erupted in 2018 is weighing heavy on Indian banks. EPA
The non-banking financial sector crisis that erupted in 2018 is weighing heavy on Indian banks. EPA
Double whammy of mounting bad debts and pandemic hit is rattling India's banks
Analysts see loan defaults rising this year as companies hit by Covid-19 shutdowns go out of business
Rebecca Bundhun
13 June, 2020