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FS Daily Bytes: 20th June

A relatively quieter day…

India 

  1. FM Arun Jaitley has pushed the farm loan waiver back to the states, basically states must decide on their own
  2. UCO bank may need 4300 crores INR capital over the next 2 financial years
  3. ICRA recent report shows overall housing credit growth slowing down (from 19% to 16%: FY17 to FY16)

 

International

  1. UK SFO (Serious Fraud office) has charged Barclays and 4 of its senior former executives on charges of fraudulent actions during 2008 financial crisis. The case relates to its capital raising where it is alleged that it lent money to Qatar holdings which was ploughed back by Qatar to buy shares (potential money go around)

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