INSUBCONTINENT EXCLUSIVE:
As of 2:53 pm, Nifty Bank index was down over 1 per cent trading below its important level of 35,000.Banking shares came under heavy selling
pressure in trade on Tuesday a day after the government announced Rs 1.1 lakh crore loan guarantee scheme for the Covid-affected and an
additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched as part of Atmanirbhar Bharat
basket of PSU Bank shares
will get Rs 50,000 crore to scale up medical infra, specially targeting under-served areas, in light of the health crisis of the century
The interest rate has been capped at 7.95 per cent
announced widening of the Emergency Credit Line Guarantee Scheme under which collateral-free loans are given to MSMEs or or Micro Small and
over 1 per cent trading below its important level of 35,000.
