It was an event-packed week punctuated by many ups and downs. Worried you missed the big economy stories? Catch up with this curated list of BL’s big economy stories.
Stemming the slide
The Centre imposed a moratorium on Yes Bank at Rs 50,000 per depositor on the bank’s weak financials.
How it happened
Here’s the chronology of events that led to this.
White Knight
SBI has been roped in to invest Rs 2450 crore in Yes Bank for a 49 per cent stake.
New hit
Mutual funds may face a fresh round of troubles from Yes Bank’s AT1 bond defaults.
Come crypto!
Industry welcomed the SC ruling that overturned RBI’s ban on digital currency.
Green shoots
Plenty of green shoots were visible in PMI numbers for February.
Rising rich
India’s super rich will double in four years says Wealth Report 2020.
Staying put
India Inc is reacting to the virus outbreak with travel advisories and event clampdowns.
Trade dent
An UN report puts the trade losses for India from the virus at $348 million
Asia hit
Asia will be a key casualty of the coronavirus hit, says ADB.
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