Top banks have finally spoken about a major threat, which will eventually put pressure on the global economy. Top European banks have pointed out that. Bad loans are going to negatively impact global finance, as well as people's confidence in the banking system.

Top European banks worry about bad loans | World Business Watch

SVB Financial, parent firm of Silicon Valley Bank, files for bankruptcy protection

Naya Pakistan? Shariat court calls banking system against Sharia, tells govt to make it interest-free by 2027

Global banks face combined loan losses of $2.1 trillion by the end of 2021 as a result of the coronavirus crisis, credit ratings agency S&P Global estimates, with a hit of $1.3 trillion this year more than doubling the 2019 level.

COVID-19 to cost global banks $2.1 trillion by the end of 2021

Reserve Bank of India (RBI) announced three months moratorium on EMIs after the lockdown in India. Banks have now issued clarification on EMI relief.

India: Banks issue clarification on EMI relief

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