Coronavirus pandemic | Banks to witness spike in credit score prices, non-performing belongings in 2020

Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130 basis point in 2020, following the economic slowdown on account of COVID-19 crisis, says a report.In its report titled “For Asia-Pacific Banks, COVID-19 Crisis Could Add USD 300 Billion To…

India`s March gold imports plunge to a brand new low on report value: Sources

Gold price The world’s second-biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media. Mumbai: India’s gold imports plunged more than 73% year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown…

Warren Buffett’s Berkshire Hathaway sells airline shares value almost $400 m

On Feb 27, Buffett’s company had scooped up nearly one million shares of Delta Air Lines at $46.40 apiece, taking its total holding to about 71.9 million shares, or about 11.2 percent, of the company. Billionaire investor Warren Buffett’s Berkshire Hathaway sold $314 million worth of shares of Delta Air Lines and divested about 4 percent of its…

BSE, NSE shut immediately on account of Mahavir Jayanti

The market trend will continue to remain challenging until the fresh cases start to decline, says Ajit Mishra, VP – Research, Religare Broking. The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) will remain shut on April 6 on account of Mahavir Jayanti.Wholesale commodity markets, including metal and bullion, will also remain shut…

NBFCs confused as banks differ over time period mortgage moratorium

Different banks apply different rules to the relaxations announced by RBI, adding to the confusion for non-banking finance companies. (Pradeep Gaur/Mint ) 3 min read . Updated: 06 Apr 2020, 12:12 AM IST Gopika Gopakumar NBFCs, who are facing a liquidity crunch, fear more strain if the banks do not extend moratorium to themAccording to…