On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was triggered by a mix of overvalued markets, rising interest rates and panic selling amplified by computer-driven trading. The stock market recovered most of the losses soon, following intervention by the US Federal Reserve.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an
August 27, 2026