Bank of America won by focusing on large Indian firms and multinationals

In October last year, the RBI had announced on tap targeted long term repo operations (TLTRO) scheme for banks

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Axis Bank Q3 results: The net interest income (NII) surged 14 per cent to Rs 7,373 crore compared to Rs 6,452.98 crore in the year ago period

To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)

The pandemic-led crisis has accelerated an overdue transition to digitalisation in business processes and enhanced efforts to address slow-burning issues such as liquidity management, cash, diversification, and capital

More than 70 world leaders were due to address the one-day virtual gathering aimed at building momentum for much steeper cuts in planet-warming emissions on the fifth anniversary of the 2015 Paris climate accord

The Reserve Bank had announced a resolution framework to help the entities facing financial stress on account of disruption in normal business activity on account of coronavirus pandemic

Under TLTRO, banks can invest in corporate bonds, commercial papers (CPs), and non-convertible debentures (NCDs) issued by the entities in specific sectors

During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280. During the week, Sensex and Nifty have risen 929 points or 2.1% and 289 points or 2.23%, respectively.

India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

Instead of promoting a new social microfinance institution, the government should build on the existing and vibrant microfinance sector to cater to its envisioned need

On the asset front, Bandhan Bank's gross non-performing assets (NPAs), as a percentage of total advances, fell to 1.43 per cent in Q1 FY21 compared with 1.70 per cent in Q1 FY20

Despite a widespread lockdown, the corporates and NBFCs managed to raise a cumulative Rs 1.87 lakh crore from the primary corporate bond market between April to June 24, 2020

The current low interest rate environment offers a good opportunity for HDFC to borrow short term funds. The current borrowing through non-convertible debentures have a maturity of less than two years

The banking system, which already has 9 per cent gross NPAs, now faces the danger of more loans slipping into NPAs. There are already some Rs 40 lakh crore of term loans under the RBI's six-month moratorium

This is the first-ever issuance of debentures by Baba Ramdev-led Patanjali Ayurved which intended to use fund to meet its working capital requirements and strengthen the supply chain network

In the week ending May 29, 2020, the banking system liquidity is expected to remain in a surplus position with the growth in the bank deposits and contraction in the bank credit off take

The available data shows how the sector has suffered in the past few weeks and is now trying to recover

Fiscal impact, or cost to government, of the relief package for coronavirus - touted to be worth Rs 20.97 lakh crore - is in the range of Rs 1.5- Rs 3.08 lakh crore, according to top ratings agencies