India’s fourth-largest private sector lender, Yes Bank collapsed due to faltering Balance Sheet and growing NPAs. Coupled with that, Coronavirus scare caused the worst fall to the Indian stock market, SENSEX. The pandemic has also resulted in an oil price war between Russia and Saudi. As a result of the price war, the American stock market, Dow Jones got into a bearish mode. This trickled down to markets across the world. Coronavirus seems to endangering the most to the elderly. The numbers substantiate that. Have a quick roundup of what happened in India and across the globe by clicking the top stories of the week:
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