 According to the Ministry of Commerce & Industry data, India’s overall exports,combining Merchandise and Services, in April 2019 is estimated to be around 44 billion US dollars with a positive growth of 1.34% over April 2018. Overall imports in April 2019 is estimated to be around 53 billion dollars with a positive growth of 4.5% over the corresponding period of 2018. Taking merchandise and services together, overall trade deficit for last month is estimated at around nine billion dollarsas compared to around seven billion dollars in the same period in 2018. |
| Source- News on AIR |
 Wholesale Price Index (WPI)-based inflation for April eased to 3.07%, from 3.62% in April 2018. The latest WPI print was also lower than 3.18% recorded in March this year. Build up inflation for the financial year so far was 0.75%, lower than 0.86% in the corresponding period of the previous year. The overall WPI print for April was dragged down by a sharp decline in manufactured products (which accounts for two-third weightage in the WPI basket), which came in at a 30-month low of 1.7% (2.16% in March 2019). |
| Source- The Hindu Business Line |
 The National Bank for Agriculture and Rural Development (NABARD) announced Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups. NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own. The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscription of Rs 200 crore, called as the greenshoe option. The fund will have a high impact as it will provide a boost to investment ecosystem in the core areas of agriculture, food and improvement of rural livelihoods. |
| Source- The Hindu Business Line |
 ICICI Bank announced the launch of a co-branded multi-currency card with online travel booking portal Goibibo. The card also includes benefits of up to Rs20,000, including gift vouchers of Rs15,000 from Goibibo. Additionally, customers get 40 paise discount on the currency conversion rate on loading of a minimum of $1,000. |
| Source- The Hindu Busines Line |
 The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA)identification process, despite specific directions issued in this regard. |
| Source- The Hindu Business Line |
 Bank credit grew by 13.2% in the financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector. Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago. |
RBI Data-
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| Source- The Hindu |
 India Ratings has downgraded the YES bank’s long-term rating to ‘IND AA-’ with a negative outlook, while reaffirming short-term rating. ICRA has also downgraded the long-term ratings of the lender. Accordingly, six instruments with a total borrowing of over Rs 33,000 crore were also downgraded. Yes Bank had also reported its maiden loss of over Rs 1,506 crore in the March 2019 quarter, driven by a near 10-fold spike in provisions. |
| Source- The Hindu Business Line |
 The Reserve Bank of India has decided to enhance the housing loan limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for eligibility under priority sector lending, in a bid to give them a level playing field with other Scheduled Commercial Banks. Henceforth, housing loans given by RRBs and SFBs to individuals up to INR 35 lakh in metropolitan centers (with population of 10 lakh and above) and INR 25 lakh in other centers, provided the overall cost of the dwelling unit in the metropolitan centers and at other centres does not exceed INR 45 lakh and INR 30 lakh, respectively, will be eligible for classification under priority sector lending. |
| Source: The Hindu Business Line |
 The Reserve Bank of India has slapped a monetary penalty on five pre-paid payment instrument issuers including Vodafone m-pesa and Phonepe, for violating regulatory guidelines. A penalty of INR 3.05 crore has been imposed on Vodafone m-pesa and INR 1 crore each on Mobile Payments, PhonePe, and G.I. Technology Private Ltd. |
| Also, a penalty of INR 5 lakh has been imposed on Y-Cash Software Solutions. The central bank also stated that it had imposed a penalty of INR 29.67 lakh on Western UnionFinancial Services Inc., USA., and INR 10.12 lakh on MoneyGram Payment Systems Inc, USA, for non-compliance of regulatory guidelines. |
| Source: The Hindu |
 The Asia-Pacific region s expected to grow at 5.7% in 2019. According to the bank’s Asian Development Outlook 2019 report released in April, developing Asia which comprises 45nations ranging from China to Tuvalu is projected to grow by 5.7% in 2019. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020. |
| Source: CNBC |
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