1) Rajan Emboldens India Bond Bulls by Switching on the Money Pumps
(Bloomberg) -- Bond investors in India are turning more bullish as central bank Governor Raghuram Rajan shows them the money. Ten-year notes capped a third monthly gain on Friday, with the yield dropping 34 basis points since Jan. 31 to 7.44 percent. It's seen declining to 7.30 percent by Dec. 31 in the latest Bloomberg survey, down from 7.50 percent predicted in a March poll. The optimism is stemming from the Reserve Bank of India's commitment to ...
2) ICICI Bank's Top Management to Forego Performance Bonus, BS Says
(Bloomberg) -- Link
3) Liberty House Seeking Macquarie Cap Funding on Tata: Telegraph
(Bloomberg) -- Liberty House is also working with State Bank of India on a bid for all of Tata Steel's U.K. steel business, Sunday Telegraph says, citing document received by U.K. Business Secretary Sajid Javid. * Deloitte to provide advice on ~GBP500m ($730m) funding deficit for pensions, and Grant Thornton will advise on legal, accounting issues, Telegraph says * NOTE: Earlier, Liberty House Says in Port Talbot Talks w/Tata Steel: CNBC-TV18
4) India's Ujjivan to Open New Branches to Meet Regulations: PTI
(Bloomberg) -- Ujjivan Financial to open about 100 bank branches to meet requirement for license, CEO Samit Ghosh tells PTI in an interview. * NOTE: April 21 story, Ujjivan Financial to Offer Shares at 207-210 Rupees Each in IPO
5) Yes Bank Widens Gap With Peers on Asset-Quality Outlook: Chart
(Bloomberg) -- Yes Bank Ltd.'s shares have beaten those of other private lenders by a wide margin this year. The smallest bad-loan ratio among India's publicly traded banks and management's guidance for 30 percent loan growth this year are reasons for the stock rising three times faster than IndusInd Bank Ltd., the second-best performer in a gauge of 10 lenders since Jan. 1, according to Nitin Kumar, an analyst at brokerage Prabhudas Lilladher Pvt. To contact the reporter on ...
6) India RBI Net FX Forward Short Position at $2.491b Up to 1-Year
(Bloomberg) -- RBI's forward dollar positions for deals maturing within one year were net short $2.491b in March, vs a short position of $193m as of end-Feb., Bloomberg calculations based on data from central bank's website show. * Total short positions in the segment in March were $26.558b, while total long positions were $24.067b * RBI's net short dollar positions beyond 1-year tenor fell to $1.762b at end-March vs $2.217b at end-Feb. * For detailed ...
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