• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 23, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

RBI’s moratorium extension creates financials lowering, Bajaj Finance and SBI hits a 52-week low post announcement

The Edge Media by The Edge Media
5 years ago
in Business Edge, Main Story, Stock Exchange
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

Reserve bank of India’s (RBI) decision to extend the time period of loan-moratorium for another three months, although seen as a positive for borrowers, is not so enticing when it comes to the lenders. Reacting to the RBI’s announcements, Bank Nifty tanked 2.7% while the Nifty Financial services index dropped 3.22%.

The extension of moratorium also sent stocks such as State Bank of India, Bajaj Finance, and Mahindra & Mahindra Finance down, as each of them hit their respective 52-week low trading values. All the financial stocks on the S&P BSE Sensex or the NSE Nifty 50 were trading in the red.

“For banks, the extension of moratorium by another three months has two sides. The clarity on asset quality picture of the lenders will now emerge by March 2021 instead of September 2020. There is a risk of moral hazard issue creeping in, as borrowers who have the ability to pay, may even opt for a moratorium,”

said Amar Ambani, Senior President and Head of Research – Institutional Equities, YES Securities.

The loan extension has sent all financials on the S&P BSE Sensex tumbling. SBI fell close to 1% while HDFC Bank went down by 2% and HDFC fell 5% similar to ICICI Bank share price. 

Previous Post

Harsh Vardhan takes charge as Chairman of WHO Executive Board

Next Post

Delhi HC and its branches to take up urgent matters via video conferencing from Friday

Related News

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

by The Edge Media
October 19, 2025
0

New Delhi | India’s latest GST reforms, implemented on September 22, have significantly impacted consumer spending, with festive sales soaring...

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

by The Edge Media
October 19, 2025
0

Pakistan's Federal Minister for Information, Ata Tarar, has strongly criticized the International Cricket Council (ICC) for its statement regarding the...

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

by The Edge Media
October 18, 2025
0

Australia | As India gears up for their three-match ODI series against Australia starting October 19, host skipper Mitchell Marsh...

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

by The Edge Media
October 18, 2025
0

Faridabad | A young man tragically died in pain early Friday morning in a public park located in Sihi village, Faridabad....

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

by The Edge Media
October 18, 2025
0

Palwal | An illegal firecracker manufacturing unit was uncovered by the police in Manpur village under the jurisdiction of the Mundakati...

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

by The Edge Media
October 18, 2025
0

An Indian Army ambulance assistant, Sepoy Sunil, performed a heroic act aboard the New Delhi-Dibrugarh Rajdhani Express by reviving an...

Discussion about this post

Recommended

Jharkhand Records New Covid-19 Cases

Jharkhand Records New Covid-19 Cases

4 years ago
France eyes Euro 2020 glory as Kick-off looms.

France eyes Euro 2020 glory as Kick-off looms.

4 years ago

Popular News

  • GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    0 shares
    Share 0 Tweet 0
  • Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

    0 shares
    Share 0 Tweet 0
  • Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

    0 shares
    Share 0 Tweet 0
  • Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

    0 shares
    Share 0 Tweet 0
  • Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.