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Lockdown Saved India From Lot Of Agony: SBI Chairman

Lockdown Saved India From Lot Of Agony: SBI Chairman

The coronavirus-triggered lockdown has saved the nation from “a lot of agony”, however the subdued financial exercise through the interval, State Bank of India (SBI) Chairman Rajnish Kumar mentioned on Friday.

He mentioned the nationwide lockdown ought to solely be lifted as soon as the scenario is absolutely below management.

“More patience is required. We cannot lower the guard without being confident that we are in complete control of the situation and the spread of the virus is fully contained,” the highest SBI official informed PTI.

“I think the lockdown has saved India from a lot of agony and the number of cases is under control,” he mentioned.

Mr Kumar mentioned so long as the lockdown continues, financial exercise will stay tepid, however “demand should be there in the economy” and the query of logistics will be taken care of.

The SBI chairman additionally mentioned full easing of the curbs continues to be a while away.

“I think we are few days away when the lockdown can be completely lifted. Some states are in a bad shape. It also has to be ensured that the number of green zones across the country increases,” he mentioned.

Mr Kumar mentioned if individuals proceed to keep up self-discipline through the lockdown, the curve will be flattened rapidly and an exponential rise within the variety of coronavirus circumstances prevented.

“We are getting results, as the recovery rate is more than 25 per cent,” he added.

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