Why The Nirav Modis Are So Common In PSB Banks?    Budget 2018: Why structural reforms may again be given a miss?    Capital First & IDFC Bank to Merge: Deja Vu for Mr. Vaidyanthan

FS Daily Bytes: 9th June

India

  1. As expected, farm loan will adversely impact Maharashtra fiscal deficit. Estimates points out that deficit will be pushed up by 2.7% from earlier estimates of 1.53%. The total amount is expected to be around INR 30,000 crore
  2. RBI Governor to appear before house panel on July 6th. The parliamentary panel is probing into demonetization and trying to get an estimate of the money returned to the system during demonetization
  3. GOI likely to approve one more PSU bank merger prior to Mar-2018. This is buoyed by the current success of merger of SBI associate banks with SBI. Though it will depend on the improvement of the overall NPA scenario
  4. RBI latest data points to drop in bank credit growth to 5.1% YoY in 1st quarter of FY1718
  5. Taking a cue from the latest RBI monetary policy announcement, SBI has made home loans > 75 lakh cheaper by 10 bps
  6. Conflicting reports of SBI cancelling unused credit to Telecom sectors. The later news seems to indicate that such is not the case
  7. Non-life insurance companies’ premium jumps by 16% in May

International news primarily hovered around Baco Popular buyout and London bankers dominance in it. Also news reports also spoke about JP Morgan Jamie Dimon to be the ultimate survivor.

Source:

News feeds from multiple sources

Leave a Reply

Name *
Email *
Website