Markets and Finance
Shadow banks are riding out the crisis while virus ravages India

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