28-September-2020
Markets and Finance
 
Shadow banks are riding out the crisis while virus ravages India
16-Sep-2020

The health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic. Premiums on non-bank lenders’ bonds narrowed to a two-year low, according to an index of AAA rated five-year notes. Three other indicators compiled by Bloomberg, covering areas including liquidity and share performance, stayed steady from the previous month, with two at levels indicating strength.

News Source:- https://economictimes.indiatimes.com/markets/stocks/news/shadow-banks-are-riding-out-the-crisis-while-virus-ravages-india/articleshow/78139509.cms