Bloomberg India’s central bank should directly start monetising the government’s fiscal deficit in efforts to fight one of its worst economic crisis, said Ananth Narayan, former South Asia head of financial markets at Standard Chartered Plc. “In a war, we have to borrow from our future,” said Narayan, now a professor at Mumbai-based SP Jain Institute of Management & Research. …

Bloomberg Policy makers trying to prevent credit markets from freezing up have a huge challenge on their hands with regional banks. Such firms should be best positioned to keep money flowing to community businesses like restaurants, travel agencies and gyms on the brink of failure because of the coronavirus pandemic. But regional banks themselves are increasingly at risk, riven by …

Bloomberg Royal Bank of Canada (RBC) is using the coronavirus pandemic to seize a large portfolio of assets at rock-bottom prices, a New York real estate investment trust (REIT) claims. In a suit in federal court in Manhattan, a subsidiary of AG Mortgage Investment Trust Inc. said it received March 23 margin calls from Canada’s largest lender. According to the …