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Credit Lime
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Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
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  • Indian banks CDS wider while the stocks are up after budget speech 0 comments
    Feb 26, 2010 6:56 AM | about stocks: IBN, HDB

     
    Indian Finance Minister Pranab Mukherjee released his new 2010-2011 budget today which among many other things promises the equivalent of US$3.58 billion (1US$=Rs.46.135) in state funds to recapitalize the public sector banks and an unspecified amount to recapitalize the regional rural banks. Indian Bank CDS are wider while their stocks are generally up in early trading today.



    Disclosure: long all stocks

    Stocks: IBN, HDB
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