Today's Sector View – 11.01.2019
* AUTOMOBILES: India's largest selling multi-utility vehicle Toyota Innova Crysta has been able to
generate more excitement in the brand and has managed to secure over 11,200 bookings and
generate business of over 22 bln rupees in December alone.
* BANKING: Reserve Bank of India notified that the trigger point, breaching which banks can
convert their tier-I bonds into equity, remains at 5.5% of core equity capital.
* ECONOMY: Union Cabinet has approved the bilateral currency swap agreement between India and Japan for up to $75 bln.
* FINANCE: Infrastructure Leasing & Financial Services, which is selling assets to repay debt of
about 910 bln rupees, won’t provide indemnity and warranties to potential buyers, a move that will
drive down valuations steeply.
generate more excitement in the brand and has managed to secure over 11,200 bookings and
generate business of over 22 bln rupees in December alone.
* BANKING: Reserve Bank of India notified that the trigger point, breaching which banks can
convert their tier-I bonds into equity, remains at 5.5% of core equity capital.
* ECONOMY: Union Cabinet has approved the bilateral currency swap agreement between India and Japan for up to $75 bln.
* FINANCE: Infrastructure Leasing & Financial Services, which is selling assets to repay debt of
about 910 bln rupees, won’t provide indemnity and warranties to potential buyers, a move that will
drive down valuations steeply.
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