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India central bank plans to reform, improve liquidity in debt markets MUMBAI: The Reserve Bank of India will prioritize improving liquidity in debt markets, including by issuing longer-dated bonds and conducting more frequent buybacks, according to an annual report out on Thursday.Other measures to deepen trading will include debt switches, through which the RBI exchanges bonds, reducing the number of maturities so that trading can increase in fewer bonds, and reviewing guidelines on shorting bonds."The Reserve Bank plans to articulate a comprehensive debt management strategy with sound international practice," the central bank said in its 2013/14 annual report.Copyright Reuters, 2014 ...

OCBC in talks with Thai tycoon to sell United Engineers stake SINGAPORE: Oversea-Chinese Banking Corp , Singapore's second-biggest lender, is in talks with a group linked to Thai billionaire Charoen Sirivadhanabhakdi to sell its stake in property firm United Engineers Ltd, two people familiar with the talks said. OCBC and its linked companies have a nearly 36 percent deemed interest in United Engineers, according to its 2013 annual report. If the talks succeed, the Charoen-linked group will have to make a takeover bid for United Engineers, ...
Russia's VTB says H1 net profit falls 82pc MOSCOW: Russia's second-largest bank VTB said on Thursday its first-half net profit fell 82 percent from a year ago, hit by a slowdown in the Russian economy and political tensions linked to the Ukraine crisis. State-controlled VTB said in a statement that net profit was 5 billion roubles ($138 million) versus 27.6 billion roubles a year ago. Bad loan provisions rose to 92.8 billion roubles from 50.7 billion in the same period last year, hurting ...
Dutch lender sees net result dip, outlook uncertain AMSTERDAM: Dutch lender Rabobank said on Thursday its net profit slipped 3 percent to 1.1 billion euros ($1.4 billion) in the first half of the year, due to charges related to Dutch bank SNS which was bailed out by the government.The outlook for 2014 is uncertain, the bank said in a statement, partly due to the Ukraine crisis and the possible impact on the global economy. Rabobank said its net result in the first six ...
Raiffeisen Bank International posts clear Q2 profit beat VIENNA: Austrian lender Raiffeisen Bank International boosted second-quarter net profit to 183 million euros ($242 million), easily beating market expectations, as net interest income rose more than expected and risk provisions came in lower than thought.Central and eastern Europe's second-biggest lender reiterated its 2014 outlook on Thursday.Analysts polled by Reuters had on average expected net profit after minority interests to rise 2.5 percent to 123 million euros. Copyright Reuters, 2014 ...
Bank of China shortlists 8 banks for Tier 1 offering SINGAPORE: Bank of China has shortlisted 8 banks for a planned offshore Basel III-compliant Additional Tier 1 capital offering of up to US$6.5bn, according a source involved in the deal.Bank of China International is leading the deal, which could be the world's biggest AT1 offering. The Chinese bank has recently hosted a global roadshow for the potential deal, sources said. The US$6.5bn offering of preference shares could include a US$5bn tranche and a 1bn tranche, ...
PBOC does 10bn yuan repos, injects 11bn yuan for week SHANGHAI: China's central bank will drain 10 billion yuan ($1.63 billion) from the money markets through 14-day bond repurchase agreements on Thursday, traders said, meaning it will inject a net 11 billion yuan into the market this week.The People's Bank of China (PBOC) conducted a net injection of 14 billion yuan into the market last week.Copyright Reuters, 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln