Bloomberg India’s banks need to raise funds from markets for their growth rather than depend on the government for recapitalisation, Finance Minister Nirmala Sitharaman said. “Banks are today less burdened because books are cleaner,” Sitharaman said at the annual general meeting of the Indian Banks’ Association. “As a result they will able to go and raise money from markets. I …

Bloomberg The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week. Citigroup Inc has no direct lending exposure to Evergrande, a spokeswoman said. JPMorgan Chase & Co and Bank of America Corp also have no such links. Bank of America has no …

Bloomberg Pressure is building for the municipal-bond market after a selloff in US Treasuries this week, according to Barclays Plc. Rates market volatility is one of the challenges facing state and local debt performance in the near-term, according to a September 24 note by strategists Mikhail Foux, Clare Pickering and Mayur Patel. Municipal bonds have posted losses this week but …