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21.09.2020 / 20:32

Indians look to delay retirement as covid-19 shrinks savings

Shrinking savings“Over the last year, the combined impact of the recession, the pandemic and the lockdown has meant that people have less money in hand. This reflected in the reduced wallet share for savings," said Adhil Shetty, chief executive officer, Bankbazaar.The survey showed that average savings were 32% of income levels, down from last year’s average of 38%.

India covid-19 pandemic

₹45 crore from WSV Capital, existing investors

BENGALURU: Online financial services marketplace BankBazaar has raised ₹45 crore from new investors such as WSV Capital, a joint venture fund of Walden International and SK Telecom, the second-largest telecom conglomerate in South Korea.

South Korea India city Chennai covid-19 pandemic crisis

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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