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Adrian and Narain also warned that as with the last financial crisis, global coordination was "imperative."

India Orders Banks To Remain Open During Lockdown

India now has over 1,000 cases of the coronavirus of whom 29 have died, the health ministry said on Monday.

Indian Banks Plan To Shut Down Most Branches During Lockdown

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service.

Indian Government Asks Banks To Provide Liquidity Support To Corporates

India's largest lender, State Bank of India (SBI), has already rolled out this emergency credit line and the other state-owned lenders are also expected to follow suit shortly.

Troubled Lender Yes Bank Reports Wider-Than-Expected Loss

The lender also indicated it would completely write down bonds worth around 84 billion rupees as part of a state-led restructuring plan, which involves the State Bank of India picking up a 49% stake in Yes Bank.

Indian Banking Sector Clobbered Amid Fallout From Yes Bank Crisis

Small private banks were also hit hard. Shares in lenders RBL Bank Ltd and IndusInd Bank Ltd fell 9.7% and 6.7%, respectively.

Hong Kong Banks Face Coronavirus Toll On Asset Quality, Loan Growth

Hong Kong banks have Asia's largest exposure to China, which accounted for 29.4% of banking system assets in the first half of last year, credit ratings agency Fitch says.

JPMorgan Executives Say Bank Is Big Enough To Weather Any Storm

Banking & Finance

JPMorgan pledged to put $200 billion toward such projects by 2025 as a lender, underwriter or intermediary, up from a prior $175 billion goal it had set in 2017.

RBS To Slash Investment Bank, Rebrand As Natwest

The strategy includes plans to halve investment bank NatWest Markets' risk weighted assets to 20 billion pounds ($26.10 billion) and a string of green targets such as halving the impact of the bank's climate financing by 2030.

Bail-In Or Bail-Out? Lebanese Banks In Need Of Rescue As Crisis Bites

Banks' efforts to raise capital have fallen flat so far. Lenders have been trying to raise by the end of June an extra 20% in tier 1 capital - equating to around $4 billion - through cash injections, as required by the central bank

China's Central Bank Vows To Step Up Support For Virus-Hit Economy

Economy

The People's Bank of China is closely watching the impact of the outbreak on the world's second-largest economy, and is preparing policy tools to offset the pressure, Vice Governor Pan Gongsheng told a news briefing on Friday.

HSBC To Axe Senior Managers In Strategy Shift

HSBC has global managers looking after a wide variety of functions for most of the product lines within its business divisions.

PNB Reports Q3 Net Loss Of Rs 492 Crore As Provisions Mount

Income in Q3 FY20 was up 1.5 per cent at Rs 4,355 crore versus Rs 4,290 crore year-on-year. The bank's asset quality as a percentage of total advances too improved slightly.

Key Highlights Of Union Budget 2020-21