Money Market Operations as on May 27, 2020

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Banking

On February 27, the Securities Appellate Tribunal allowed lenders Nippon India Mutual Fund and Credit Suisse to invoke shares of Reliance General Insurance pledged by Anil Ambani group firms. Lenders including Credit Suisse, Nippon Life, Life Insurance Corporation of India. Other banks and institutions own non-convertible debentures of Reliance General Insurance.

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SBI simplifies EMI deferment process for its term loan borrowers amid COVID-19

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid COVID-19 outbreak.

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Top stocks in focus: Lupin, Adani Power, TVS Motor, Dabur, SBI

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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SGX Nifty indicates a positive opening for Indian markets

Asian indices opened firmly in the green led by the Japanese Nikkei, which traded up over 300 points.

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Banking

Unstable cashflows and low reserves, coupled with a restricted ability to seek additional debt or equity financing, can create immense pressure on businesses to divert funds between entities for non-permissible or surreptitious purposes, said the PwC report titled ‘Rethinking Fraud and Economic Crime.’

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Mega lockdown puts India’s animal spirits to sleep in April

Although a cross-section of high-frequency indicators signaled contraction in economic activity, the needle on a dial measuring so-called animal spirits was stuck at the same place as a month ago.

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Covid-19 takes a chunk of BlueDart's Q4, logs net loss of Rs30.57cr; stock down 2%

The logistic player logged a consolidated net loss of Rs30.57cr in Q4, compared to a net profit of Rs12.24cr in Q4FY19.

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