Customers stand outside a bank branch in Amritsar, Punjab, India. File/Agence France-Presse
State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. The minimum investment for SBI would be Rs5,500 crore if it picks 26 per cent stake in Yes Bank.
With the coronavirus pandemic causing nationwide lockdown and affecting businesses, the government has decided to pitch in with its support for the corporate sector to prevent any liquidity problems for them.
Moody’s Investor Service changed the outlook for the Indian banking system to negative as stress on the sector is likely to rise with the coronavirus outbreak and higher defaults.
Takahiko Shingai, Deputy General Manager and Director of Development Department at ADOC, said: ’’We are planning to expand our production facilities and increasing extraction rates."
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has launched ‘Business in Dubai,’
The UAE’s leading luxury real estate developer Damac Properties hosted an exclusive media tour to showcase its ambitious Damac Lagoons development,