The second wave is a humanitarian crisis, but the economic impact is going to be far more muted than it was during the first wave, said Dr Aurodeep Nandi, Vice President, Nomura during ET Now’s India Development Debate in an interview with Tamanna Inamdar. Edited excerpts: What can we read from the numbers coming out … Read more
The economic impact of Covid 19 outbreak is progressing from a supply shock, to a demand shock as incomes and jobs shrink according to a survey by BofA Securities and it expects demand boosting measures from the government. A survey of over 1000 persons by BofA Securities shows that COVID- 19 outbreak is fast progressing … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more