DoubleLine’s Gundlach sees risk for U.S. credit when dollar weakens
NEW YORK (Reuters) - The U.S. dollar’s next big move will be lower, which could lead to a significant fall in U.S. bond prices and a slew of downgrades, Jeffrey Gundlach, chief executive of DoubleLine Capital said on Tuesday. Gundlach,…
Jet Airways CoC may extend deadline for Synergy Group
The CoC has already given two extensions to the Synergy Group, which has multiple issues holding it back from making a commitment.By Anwesha GangulyLenders to Jet Airways will hold a meeting of the committee of creditors (CoC) next week…
Employee unions hold dharna against reforms, consolidation in PSBs
Earlier on October 22, bank employees affiliated to AIBEA went on a one-day nationwide strike to protest against the merger of state-owned banks. (File)Employee unions of public sector banks on Tuesday held day-long dharna here opposing…
BSE to conduct mock session for Bharat Bond ETF on December 11-12
BSE said the exchange plans “to conduct a mock session for Bharat Bond ETF- April 2030 on Wednesday, December 11 and Thursday, December 12”Leading stock exchange BSE on Tuesday said it will conduct a two-day mock trading session for…
BlackRock Investment Institute ‘modestly positive’ on risk assets for 2020
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoLONDON (Reuters) - BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical…
Banks’ high retail loan book due to securitisation by NBFCs, not actual credit demand: Crisil
The agency said this will end the apparent dichotomy between slowdown in consumption growth despite the jump in retail credit.Banks’ retail credit growth is up due to higher reliance on securitisation by liquidity starved non-banking…
TMC for rollback of Mudra scheme due to rising NPAs
Raising the issue during Zero Hour in the Upper House, TMC member Manish Gupta said, “Public sector banks have suffered hugely because of this scheme as collateral is not mandatory under the scheme.” (Reuters)Voicing concern over…
Rupee rises 10 paise to 70.94 against US dollar in early trade
On Monday, rupee had settled for the day at 71.04 against the US dollar.The rupee appreciated by 10 paise to 70.94 against the US dollar in early trade on Tuesday as easing crude prices and sustained foreign fund inflows strengthened…