Bloomberg Indian banks, which are already struggling with one of the world’s worst loan ratios, are set to face more pain as the coronavirus pandemic slams growth, the central bank’s chief warned, urging lenders to gird up their defenses. “The economic impact of the pandemic, due to the lockdown and the anticipated post-lockdown compression in economic growth, may result in ...

Bloomberg China may face a sharp rebound in non-performing loans after virus-relief incentives delayed the reflection of risk exposure on the balance sheet of lenders. The bad-loan ratio rose 8 basis points from the start of the year to 2.1% as of end-June, while non-performing loans are expected to increase, the China Banking and Insurance Regulatory Commission (CBIRC) said in a ...

Bloomberg Bank of Nova Scotia and Canadian Imperial Bank of Commerce say they will fill at least 3.5% of senior executive and board positions in Canada with Black leaders by 2025. The two banks confirmed they plan to sign the BlackNorth Initiative CEO pledge, the brainchild of a group led by Wes Hall, a prominent Black executive who founded Toronto-based ...