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Rain Of Chaos: Another Season Is Here | Noida News


Monday was no different.
In Sector 122, RWA president Umesh Sharma complained of an outage from 3am due to a burnt transformer in the D-block. As a result, there was no water supply in the sector on Monday morning. “Without electricity, children could not attend online classes, nor were people able to work from home,” said Sharma.
Sharad Jain, a resident of Kendriya Vihar in Sector 51, had a similar complaint. He said there was no power supply from 3am to 7am. Sunil Wadhwan, a resident of Sector 71, complained of a power cut at 6am.
In Sector 19, RWA president Laxmi Narain said power supply had been unstable since Sunday night. “We received many complaints, which were forwarded to the nearby substation,” said Narain. ....

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Credit losses set to decline for most Asia Pacific banks: S & P


Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S & P Global Ratings said on Tuesday.
This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate.
Asia Pacific banks should safely avoid a cliff effect even as extensive relief measures are progressively removed, said S & P Global Ratings credit analyst Sharad Jain.
Moratoriums on loan repayments together with fiscal, monetary and policy support have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures. ....

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Credit losses set to decline for most Asia Pacific banks


Credit losses set to decline for most Asia Pacific banks
01 Jun 2021, 18:55 GMT+10
Melbourne [Australia], June 1 (ANI): Credit losses are set to fall across most Asia Pacific banking systems over the next two years, SP Global Ratings said on Tuesday.
This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate.
Asia Pacific banks should safely avoid a cliff effect even as extensive relief measures are progressively removed, said SP Global Ratings credit analyst Sharad Jain.
Moratoriums on loan repayments together with fiscal, monetary and policy support have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures. ....

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