The COVID-19led lockdown is a significant event impacting the Indian as well as the global economy. The resultant lockdown is expected to cause simultaneous weakening of consumer demand and a slowdown across sectors. Initial signs indicate that the Coronavirus outbreak may result in higher delinquencies and lower credit offtake for banking, financial services and insurance (BFSI) companies, including Federal Bank.Federal Bank has a 51% wholesale book, mainly comprising business banking and SME/MSME segment which are expected to see COVID-19 related impact on their business and cash-flows. Hence we expect Federal Bank's...