By Ritu, Capital Sands The RBI has reportedly given Yes Bank credit support of Rs 60,000 crore as the troubled private lender resumed full operation on March 18. The line of credit  was provided to ensure that Yes Bank is able to “meet its obligations to depositors,” sources told the Business Standard. This is in line with RBI […]

By Ritu, Capital Sands U.S. stocks are set to open with hefty losses Wednesday, giving back Tuesday’s gains, with investors fearful that the proposed virus stimulus package will not be sufficient to assuage severe economic damage from a protracted economic slowdown. At 7:05 AM ET (1105 GMT), futures for the S&P 500 traded 92 points, or 3.7%, […]

By  Administrator_India, Capital Sands The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday. “Discussions are on at this stage and we will make […]

By  Administrator_India, Capital Sands Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread. Sophie Gregoire Trudeau recently returned from London and experienced flu-like symptoms, so she was […]