Trade Data:
March exports down 5.47% at $22.72 bn YoY
March imports down 21.56% at $27.79 bn YoY
Trade Data: March trade deficit at $5.07 bn vs $11.7 bn YoY ($6.54 bn in Feb).
Trade Data: April-March exports down 15.85% at $261.14 bn YoY April-March imports down 15.28% at $379.6 bn YoY
State run banks, led by SBI, decide to freeze lending to Punjab government
Masala bonds fail to take off on high costs; taxes deter borrowers from raising money
Morgan Stanley downgrades Bank of Baroda and ICICI Bank
PMLA Court issues non-bailable arrest warrant against VijayMallya.
Mr Jayant sinha: Working to make sure all banks are able to meet capital adequacy rules. Must ensure all banks have world-class surveillance.
SBI: Indian banking sector going through period of stress. Risk to PSU banks from payments, small banks overplayed.
WPI inflation at (-)0.85% in March, stays negative for 17th month
GOVT : Steelmakers say MIP is not proving to be of much use in controlling imports
SBI asked to make provisions on food grain loans to Punjab
Islamic State's income drops 30 percent on lower oil, tax revenue: IHS
Saudi Arabia could raise crude output by more than a mn barrels/day: Deputy Crown Prince
Trade Data: March trade deficit at $5.07 bn vs $11.7 bn YoY ($6.54 bn in Feb).
Trade Data: April-March exports down 15.85% at $261.14 bn YoY April-March imports down 15.28% at $379.6 bn YoY
State run banks, led by SBI, decide to freeze lending to Punjab government
Masala bonds fail to take off on high costs; taxes deter borrowers from raising money
Morgan Stanley downgrades Bank of Baroda and ICICI Bank
PMLA Court issues non-bailable arrest warrant against VijayMallya.
Mr Jayant sinha: Working to make sure all banks are able to meet capital adequacy rules. Must ensure all banks have world-class surveillance.
SBI: Indian banking sector going through period of stress. Risk to PSU banks from payments, small banks overplayed.
WPI inflation at (-)0.85% in March, stays negative for 17th month
GOVT : Steelmakers say MIP is not proving to be of much use in controlling imports
SBI asked to make provisions on food grain loans to Punjab
Islamic State's income drops 30 percent on lower oil, tax revenue: IHS
Saudi Arabia could raise crude output by more than a mn barrels/day: Deputy Crown Prince
Anil Aggarwal
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