A shock bond rally sweeps over India as world funds pile in

By Subhadip Sircar A rally in India’s sovereign bonds, fueled by mutual funds and abroad traders after weeks of indifference, has left most Mumbai merchants baffled at their sudden fortune. Yields dropped throughout the curve final week, with these on the benchmark 10-year bond declining ten foundation factors, the largest weekly drop since April. Authorities … Read more

As unhealthy loans pile up, huge banks reduce on lending – BusinessWorld

By Lourdes O. Pilar, Researcher  THE IMPACT of the continuing coronavirus pandemic continued to weigh on banks within the second quarter as belongings grew at a slower tempo and unhealthy loans piled up.     The most recent version of BusinessWorld’s quarterly banking report confirmed the mixed belongings of 42 common and business banks (U/KBs) … Read more