NBFCs weigh benefits of being banks

A Reserve Bank of India working group, set up for reviewing private bank ownership, said that well run large NBFCs with minimum asset size of Rs 50,000 crore, including those which are owned by a corporate house, may be considered for conversion into banks.

from Economic Times https://ift.tt/3m8LepE

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2020: The Year in Visual Stories and Graphics

By Unknown Author from NYT U.S. https://ift.tt/3pCtFQ5

Stock indices give up early gains on Fed announcement

Indian stock indices ended marginally higher on Thursday, giving up most of the early gains as investors assessed the impact of US Federal Reserve's signal to end its ultra-accommodative policy by March and then raise interest rates thrice in 2022 to contain inflation. from Economic Times https://ift.tt/3s96G3H

India sees record 10.6L tests in a day, total crosses 4cr

The exponential jump in testing capacity and the number of tests have resulted in an upsurge in tests per million to 30,044, the health ministry said, underlining the role of aggressive testing in early identification of positive cases and their contacts. from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/3hJrc2D

Delhi to India

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