 "banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance")
Private equity (PE) investments dropped 65 per cent year-on-year (YoY) in the second quarter (Q2) of the calendar year 2020, with equity sum slipping to $1.45 billion, the data from Refinitiv showed. Q2 also saw a decline of 9 per cent in the number of deals to 161.
The internet-specific, computer software, and financial services segments saw the maximum investments during the period. However, the sum of equity invested in the internet-specific sector dropped 76 per cent YoY to $387 million.
Computer software (46 per cent), as well as financial services (26 per cent) also witnessed a decline in the sum invested
