This can be very well understood by an SBI Ecowrap report that has shown how the pandemic is affecting the business activity of the biggest bank in the country. State Bank of India's (SBI) business activity index has declined to hit a new low of 75.7 in April 2021. "SBI business activity Index which has been declining in April 2021 has now dipped to a new low of 75.7, the level it had attained in August 2020 and now a clear 24.3% down from pre-pandemic level," it said. The reduction of 14.5% in the recovery rate has happened over a period of 69 days. Also, every 1% reduction in recovery rate increases active cases by 1.85 lakh, the report said.

Source: dna April 30, 2021 05:26 UTC