Shadow Banks Ride Out the Crisis While Virus Ravages India
- Bond spreads narrowed to the tightest in two years in August
- Bloomberg custom gauges show ample cash, stable debt levels
Sept. 11: RBI May Have to Cut Rates Again, Moody's Analytics Says
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The health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic.
Premiums on non-bank lenders’ bonds narrowed to a two-year low, according to an index of AAA rated five-year notes. Three other indicators compiled by Bloomberg, covering areas including liquidity and share performance, stayed steady from the previous month, with two at levels indicating strength.