You are here: Home » Markets ยป News
Bandhan Bank slips 6% on business update post Cyclone Amphan
icon-arrow-left
NIIT Tech's Rs 337-cr buyback offer to open on May 29; stock surges 9%
Business Standard

Financials tumble as RBI extends moratorium; SBI, Bajaj Fin hit 52-wk low

The RBI has extended moratorium period by another three months till August 31, 2020.

Topics
financial stocks | RBI rate cut | Buzzing stocks

SI Reporter  |  Mumbai 



Market pricier than previous crisis levels despite grim growth outlook
In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020

Shares of financials including banks, housing finance companies, non-banking finance companies (NBFCs) and microfinance institutions (MFIs) were under pressure, falling up to 8 per cent after the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) at its meeting held today decided to extend moratorium period by another three months till August 31, 2020.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, May 22 2020. 11:13 IST

RECOMMENDED FOR YOU

.