Pandemic bank loan deferrals down 70pc, but risks ahead with JobKeeper tapering. Banking Assoc boss Anna Bligh says households & businesses have avoided "catastrophic consequences"

Bank loan deferrals are down almost 70 percent to $86 billion as emergency support measures like JobKeeper buoyed households and businesses. 

Australian Banking Association chief executive Anna Bligh remains cautious and warns of hard decisions ahead when JobKeeper is wound back next year. 

But shen tells ABC's Peter Ryan that combined bank and government measures helped to avoid "catastrophic" consequences.