India's recovery started from June, need to wait for the trend: SBI chief

He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak

The country's economy, which witnessed a disruption due to the coronavirus outbreak, has started recovering from June, State Bank of India's Chairman Rajnish Kumar said on Friday.

Speaking at the SBI Banking and Economics Conclave, Kumar said there is a need to wait for three to four months to see the trend of the recovery.

"Covid-19 has caused gigantic disruption of the Indian economy along with dislocation of the supply chain. April was the worst month. Things had slightly improved in May, while the recovery started from June," Kumar said at the webinar.

The industrially advanced states such as Maharashtra,