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The upbeat backdrop helped MSCI's broadest index of Asia-Pacific shares outside Japan advance 0.15%. Australia's S&P/ASX 200 was 1.1% stronger, touching its highest level in almost nine months, with energy stocks leading the pack. Japan's Nikkei jumped 2.48% while Seoul's Kospi was 0.74% higher.
NBFCs seek ‘essential services’ tag to keep offices open partiallyNon-bank lenders have been included in essential services by the central government in an order passed in April 2020. NBFCs specifically cater to to the small truck or commercial vehicle operators, ,farmers, medium and small … Read MoreLockdown brings back credit quality concerns at banksYesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays and also extended the night curfew until further orders.
from Stocks-Markets-Economi… Read MoreNo sedans, mini SUVs for M&M: CEO ShahMahindra & Mahindra (M&M) has decided not to make sedans, hatchbacks and smaller SUVs, while looks to have an all-new brand of premium, electric SUVs under its Italian subsidiary Pininfarina, which could be priced up … Read MoreBanks may face a sharp surge in bad loans in FY22: ICRAThe ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for b… Read MoreLoan growth at private banks slows in Q4, early trends showIn December the RBI imposed business sanctions on the lender barring it from onboarding new card customers and launching new digital products after it faced two significant digital outages in a year.
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