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The Supreme Court on Tuesday said that it will not interfere in the classification of non-performing assets (NPAs) but directed lenders to waive interest on interest for all borrowers. Earlier, the government had reimbursed interest on interest dues to those who had loans outstanding below Rs 2 crore.
Fed's Loretta Mester says framework needs to be more explicit on financial stabilityAfter announcing its plan to reduce asset purchases in December 2013, the central bank cut its then-monthly purchases of $45 billion of Treasuries and $40 billion of MBS by $5 billion each at each ensuing meeting, wrapping up… Read MoreStocks in the news: NMDC, Indian Bank, SBI, Maruti Suzuki, RIL and Info EdgeNMDC, Bharat Electronics, ITI, Aster DM, Avanti Feeds, Sobha and Religare Enterprises will announce their March quarter results today.
from Stocks-Markets-Economic Times https://ift.tt/3gQGSSr
… Read MoreSharp recovery: Unlock 2.0 sparks 15% growth in FMCG salesActive kirana count up 28%, uptick in rural areas; companies expect demand to sustain. While the second wave benefited hygiene and in-home consumption, it hurt discretionary demand and took a further toll on the badly hit HoR… Read MoreCovid 2.0 may bring a recast surge at NBFCs“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non… Read MoreStock Market: Battling valuations and risksHowever, the earnings to bond yield ratio is below its long-term average on a trailing basis which is supporting current market valuations as bond yields have come off at around 6%. Any pickup in inflation may lead to a spike… Read More
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