Latest News

DPLI Has Initiated A Savings-Cum Protection Plan For The Patrons
8 May, 2013 Mumbai: Private insurer DLF Pramerica Life Insurance (DPLI) has come up with a new savings cum protection plan named as Sahaj Suraksha. Sahaj Suraksha is designed to help patrons meet crucial expenses. It will assist...

Tighten Banks Norms Can Make The Customers A Little Annoyed
May 8, 2013 Mumbai: The next time when you visit the bank, do not get irritated or surprised if the bank’s official asks you a lot of questions regarding your identity or address. As both public and private sector banks has be...

India's autonomous Outlook Is Steady & GDP Will Be Maintained At 6 Per Cent Says Moody's
May 6, 2013 New Delhi: According to Global rating agency Moody's India's sovereign outlook will remain steady and it does not affirm any action on India’s credit rating in the next one and half  years. In starting ...

Exclusion Of Capital Management Form RBI Is Not Sensible: Subbarao
May 6, 2013 Mumbai: Governor of RBI, Duvvuri Subbarao has shown his dissatisfaction about the Financial Sector Legislative Reform Commission (FSLRC’s) proposal regarding fund inflows. FSLRC was established to amend and upd...

RBI asks banks to bring cities under the lead bank scheme
May 4, 2013 Kolkata: For the first time, the Reserve Bank of India has asked banks to cover the areas of metropolitan cities under their lead bank scheme. It aims at offering the urban poor people the prominent banking services like...

Jolt to the expectations regarding lowering EMIs
May 4, 2013 Mumbai: Home loan and Auto loan borrowers were expecting some relief from RBI’s end in its monetary policy review held yesterday. It is not that the central bank has not done anything but, it has not done...

Health Insurance Is Going To Get 20 Per cent Costly
MAY 3, 2013 MUMABI: The Insurance regulator of India has made it clear that there will be a rise in the prices of health insurance policies issued by the country’s largest non-life insurance company, New India Assurance. It is...

Your Monthly Installments May Reduce By The Day End
MAY 3, 2013 NEW DELHI: Today the Reserve Bank of India is going to review its monetary policy. People who are looking for auto or home loan, RBI may have some great news for them. There is a good probability that RBI may slash its R...

Montek Singh Ahluwalia Is Certain That Current Account Deficit Will Reduce to 2.5 Per cent In Coming 3 Years
2 MAY, 2013 NEW DELHI: The Deputy Chairman of Planning Commission of India has passed a confident statement regarding the fall in Current Account Deficit (CAD) by almost 2.5 per cent in next three years. The Economic Advisory Counci...

Bharti AXA, HDFC Life And Birla Sun Life Are Among 6 Top Bidders For 26 Per cent Insurance Venture Of HSBC
MAY 2, 2013 MUMBAI: Hongkong and Shanghai Banking  Corporation (HSBC) has decided to put up for sale its 26 per cent stake in the Indian life insurance combined scheme with 2 state-run banks. According to a company executive, t...

State Bank of Patiala Is Looking For 0.5 per cent Reduction In CRR
MAY 1, 2013 CHANDIGARH: It is just ahead of the Reserve Bank of India’s monetary policy review expecting to be held in this month on May 3, 2013. The SBoP is trying to find a cut of 50 basis points in CRR by RBI which will hel...

Indian Economy To Grow 6.1 per cent in Fiscal Year 2013-14 Says World Bank
MAY 1, 2013 NEW DELHI: Different organizations have made different predictions regarding the estimated gross domestic product growth of India in the fiscal year (2013- 2014). As now the World Bank has scaled down the GDP growth to 6...

1 Per Cent Cut In CRR Will Permit Me To Slash The Lending Rate By A Good Extent: Pratip Chaudhuri
APRIL 30, 2013 MUMBAI: Four days in front of the RBI’s fiscal policy review, the Chairman of SBI Pratip Chaudhuri said that the reduction of one per cent in Cash Reserve Ratio (CRR) will let the SBI to reduce lending rates by ...

Slump In Gold Prices May Not Aid To Narrow CAD Says HSBC
APRIL 30, 2013 MUMBAI: According to HSBC, the reduction in the price of gold might not help to slim the current account deficit (CAD). The analysis of HSBC has depicted that the fall in the price of gold will not have any main blow ...

Goldman: Upcoming Polls Will Help Economy To Grow By 6.4 Percent
APRIL 20, 2013 The wall street broker Goldman Sach forecasted that the nearing polls can help Indian conomy to grow by 6.4 per cent. It is nearly the same as projected in the budget 2013-2014 by the government to get a growth range b...

SBI Is Not Too Upset About Short-Term Instability In Gold Value
APRIL 20, 2013 Diwakar Gupta, MD and CFO of State Bank Of India has cleared it that SBI is not too much bothering about the current slash in the gold prices. Basically in gold loan gold is taken as collateral and this type of loan co...

Gold Price Derailing Has Crashed Margins Of Gold Finance Companies
APRIL 20, 2013 Gold is no more regarded as a safe asset these days and not even gold loans. It has directly hampered the margins of the big gold financing brands such as HDFC bank, Muthoot Finance and Manappuram finance. The fresh br...

According to India Ratings There Is No Pause In Commercial Vehicle Loan Non Payments
APRIL 20, 2013 The cases of defaults in commercial vehicle loans that were sanctioned in 2011 and before that are not many, but those commercial auto loans which are disbursed in 2012 shows high delinquencies. The CV loans which are ...

Gold Loan Companies Are In Little Trouble But Manapurram Feeling Not Much Heat
 APRIL 18, 2013 Gold is considered in its free fall state as it has further lost Rs. 90 on Wednesday. Its price has reached Rs. 26,350 per 10 grams in the Delhi Bullion which is the lowest state in the last one and half years.&n...

The Largest Private Sector Bank Is Planning To Grow Unsecured Loan In A Careful Manner
APRIL 18, 2013 ICICI bank is looking to expand its unsecured loan portfolio in a cautious manner. This bank was one of the top contenders in the country in its credit card base but it has not been enlarging this trade since 2008-2009...

The Gold Price Slump Is Putting Equivalent Pressure On Gold Loan Companies And Jewellery Makers
APRIL 17, 2013 The fall in the gold prices equally influenced the shares of reputed jewelry makers and leading gold loan providing companies. The average fall in the shares of these companies has recorded 12 per cent. Talking about t...

Gold Prices Are Degrading Continuously
APRIL 17, 2013 The Yellow metal is constantly losing its momentum as on Tuesday gold prices slashed by Rs. 650 per 10 grams. Now the price of gold has reached to its two-year low of Rs. 26,040. The overall reduction in the price of g...

Wholesale Inflation Slashed To Its Maximum Low In Last 3 Years
APRIL 17, 2013 It is a good news for those people who are planning to avail the loan services because inflation based on India’s wholesale price index has reduced to some extent. It was 7.69 per cent in March last year. It has ...

Muthoot Finance and Manappuram Finance Saw A Dip As Gold Prices Slumped
APRIL 16, 2013 Shares of  the leading gold loan providers Muthoot Finance and Manappuram Finance have reduced up to 17 per cent and 10 per cent respectively as the prices of the gold fell by 3.5 per cent on Saturday. &...

India First Life Insurance Is Expecting To Meet The Closing Even By 2015-16
APRIL 16, 2013 India First Life Insurance is expected to rupture even in 2015-16, two years in front of the actual time limit. India First Life Insurance Managing Director and CEO P Nandagopal said "We had originally set bre...

PNB MetLife Proposed A New Product To Protect Borrowers
APRIL 16, 2013 PNB MetLife India Insurance Company Ltd (PNB MetLife), a subsidiary of Punjab National Bank on 14 April 2013 announced the commencement of its loan protection plan which is  Met Flexi Shield for PNB Housing Loan a...

New Endowment Plan Launched By Birla Sun Life Insurance
 New Endowment Plan Launched By Birla Sun Life Insurance    A new Life Insurance, endowment plan was launched by Birla Sun Life Insurance, BSLI Vision Regular Returns Plan. This new plan offers long term savings, lif...

Axis Bank Launched New Home Loan Product for Self-Employed
The third largest private sector bank after HDFC is Axis bank; it launched a new home loan product for the self-employed personal.   It introduced ‘Empower Home Loan’ for the self-employed customers. For those wh...

RBI Asks Banks to Set Up Process to Identify NPAs
18 April 2012 Mumbai: The RBI asked banks to install a robust mechanism to identify stressed accounts and to quickly restructure viable case to preserve the economic value. The Central Bank also charge banks to have a good data gener...

European Leaders Agree To Use Bailout Fund To Help Banks
June 29,2012 Mumbai : After a round of talks Brussels-Marathon, this area of 2½-year-old credit crisis, Europe's bailout Fund more flexible access methods that can help the sick economies of ...

States Face a Challenge to Hit Law’s Deadlines
June 29,2012 Mumbai : Mr. Walker is that despite the ruling quickly, he announced, the White House in November to see if Republicans took control of Congress or the imposition of any legislation forward to delay Republicans on ...

Special Edition of Gold Coins with Images of Deities, Monuments Boost up Sales
May 17, 2012 Mumbai: Special Edition gold coins with images of gods or monuments is driving overall sales. However, coin nbfcs recently released a special version of an Indian Premier League (IPL) team logo marks a new trend of featuring...

RBI Seeks Forex Conversion Data
May 17, 2012 Mumbai: Even a week after the Reserve Bank of India (RBI) foreign currency (EEFC ) account holders exchange earner in half their funds into $ RS asked for measures to be desired results. The Central Bank how much different c...

RBI Digs Deep But Rupee Sinks Further
May 17, 2012 Mumbai:  Rupee weakens amid global uncertainty and macroeconomic fundamentals on Wednesday closed at an all time low. India (RBI), RS, RBI intervention limited since March of Asian currency wasn't enough to lift the...

Prizm Payments to Raise 500 Cr to Fund Growth
May 17, 2012 Mumbai: PRIZM payment services provider pay raise private equity investors from 500 million to fund its expansion plans Rs. "The company is gearing up to public sector banks to capitalise on the huge demand, 52,000 over...

Federal Bank Launches Three Card Variants in Association with Mastercard
May 17, 2012 Mumbai: Global payment MasterCard headquarters in Kerala, a Federal Bank service provider in three new customer cards with a tie. "Premium" and "master debit card maestro card transactions convenient and s...

Rupee at 5 Month Low, Down 47 Paisa Vs Dollar
May 16, 2012 Mumbai:  Strong demand for the American currency rupee today soared in early trading on the capital outflow of between us $ 54.26 losing money than 47 inter bank forex market fell short at five months. A record int...

IRDA Suggests an 'Everything Product' For Villagers
May 16, 2012 Mumbai: In a bid to make insurance a significant part of the ongoing financial inclusion initiatives in rural areas, the Insurance Regulatory and Development Authority (Irda) has come up with the concept of an ‘everyth...

Exports Dip 4.16% In May On Slowdown, Manufacturing Woes
July 31,2012  Mumbai : 4.16% of contract (-) India may have been hit in Europe that command 25.68 dried out as a demand slump hit the billion dollar sovereign debt concerns, and a wobbly political situation by exporting. The rup...

India’s Factory Growth Inches Up In June
July 30,2012  Delhi :India's manufacturing sector to better business conditions indicated in June, the latest purchasing managers index (PMI) between survey showed, but analysts cautioned that the devil has inched that were not ...

Axis Bank Ties-Up With Xpress Money For Mobile Fund Transfer
June 30,2012  Mumbai : Axis Bank said on Wednesday it's UAE Exchange & financial services via mobile incoming remittances with an agreement is entered into. Under the Alliance, who places the UAE Exchange & financial...

Investors Should Feel We Mean Business: PM
June 30,2012  Mumbai :Prime Minister Manmohan Singh has his sights on five key challenges and the overall development of Indians to foreign investors in a fair playing field for India's economic reforms to achieve the objective ...

Economy To Grow At 8%, Poverty To Fall By 10%: Montek
July 30,2012  Delhi : Montek Singh Ahluwalia on Friday ruled out an average 9% target to achieve and even 8% said the plan is a "major effort" Panel Chairman will be required. "It seems that from an average of 9% ...

Emerging Markets' Growth Slows In Apr-Jun Quarter: HSBC
July 30,2012  Mumbai : Economic growth in emerging markets, said an HSBC survey as well as the expansion of the service areas below trend, as weakness in the manufacturing sector slowed in April-June quarter. HSBC emerging marke...

RBI May Not Cut Rates In View Of High Inflation: Experts
July 30,2012  Mumbai: Against the backdrop of high inflation, the Reserve Bank interest rates between those who may, say experts in promoting industrial growth slipped 2.4% to the end of the month may cut policy review. "I ...

Rupee off Lows, More RBI Measures Seen
May 12, 2012 Mumbai: Rupee now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the RBI stepping in. A state-run bank was on the sell side, but most likely to shed so...

'Falling Rupee Making India More Attractive To Tourists'
July 30,2012   Mumbai : Falling rupee Indian tourists can. but the budget is hit on the flip side, leisure travellers from overseas has become a cheap hotel stay as evincing interest in India, tourism industry officials say. ...

IMF Lowers India's Growth Forecast To 6.1% For 2012
July 31,2012   Mumbai : The International Monetary Fund (IMF) given the worsening global economic growth by 0.7% from 6.1% to India — deduction for any country-2012 forecast to deduct too much steepest. IMF predicts g...

Corporate Debt Restructuring Cases Hit Record High in 2011-12
May 12, 2012 Mumbai:  In the financial year that finished in March, Indian banks ' corporate debt at 645300000000 rupees (12 billion dollars) one year ago to restructure corporate debt, restructuring (CDR) 156 percent, according...

RBI Asks Banks to Levy Uniform Fee for Collection of High Value Cheques
May 12, 2012 Mumbai: In a relief for customers, banks said the RS RBI More than 1 million cheque collection means putting it as a percentage of value rather than a similar fee, fine.   Another notification, RBI has a...

Banks Jittery Over Changes in Banking Correspondent Model
May 12, 2012 New Delhi: Rural banking in a bid to improve the economics, a division of the Ministry of finance told reporters people who move around with hand terminals and essentially Bank get home a radical change in the banking busine...

Share Borrower's Account Information While Transferring: RBI to Banks
May 11, 2012 Mumbai: Other banks Reserve Bank accounts in banks place an approved Board policy to put. On Thursday, India's banks issued a notification that the banking regulator said banks in relation to bank accounts in one pl...

Govt Banks to Install 60,000 More ATMs
May 11, 2012 Mumbai: After a gap of 6 to 8 months, public sector banks (PSBs) have pulled their socks to establish 60,000 more Automated Teller Machines  across the country over the next 2 years. The state-owned lenders had put thei...

Allahabad Bank Plans To Revive $500-Million Bond Sale
May 11, 2012 Kolkata: Allahabad Bank is planning to revive its 500-million dollars overseas bond sale plan that was on hold, as its business in Hong Kong is soaring due to rise in trade with China. Bank chairman JP Dua stated that th...

Capital International PE Closes Rs 16,140-Crore Fund
May 11, 2012 Mumbai: Emerging market focused private equity fund, Capital International Private Equity Funds, which is managed by Capital International, announced the final close of its 3-billion dollars (Rs 16,140 crore) Capital Interna...

Accel Invests In Education Start-Up Limberlink Technologies
May 11, 2012 Mumbai: Global venture fund Accel Partners has invested in Bangalore based engineering education startup, Limberlink Technologies. While the company and the fund declined to reveal the investment details, a person with direc...

Bank Of India Acquires 51 Per Cent Stake In Bharti Axa MF
May 8, 2012 Mumbai: State-run Bank of India, Bank of India said it has acquired 51 % stake in Bharti Axa Mutual Fund for an amount which has not been revealed. AXA Investment and Bank of India Managers Asia Holding have now receipt u...

RBI Asks Banks To Conduct Stress Test On Their Securitization
May 8, 2012 Mumbai: In order to ensure healthy and orderly growth of securitisation market, the Reserve Bank of India has asked the banks to perform stress tests at regular intervals to make sure they are not beyond the prudential limits...

Escorts' Promoters Nanda Family In Middle Of Increasing Control Over Company
May 8, 2012 Mumbai: The Nanda family, promoters of Escorts who own a mere 12.43% stake in the tractor maker and are vulnerable to a hostile takeover, are in the process of tightening their hold in the firm through a complex restructuring...

AEGON May Exit Religare Venture
May 8, 2012 Mumbai: Dutch insurance major AEGON could be the next sectoral player to exit the country, after New York Life ended its joint venture with Max India last month. AEGON operates in India through a joint venture with divers...

HDFC Q4 Net Soars 16%
May 8, 2012 Mumbai: A 24 per cent rise in net interest income enabled Housing Development Finance Corporation (HDFC) Ltd to report a 16 per cent rise in its net profit during January-March 2012 at Rs 1,326 crore, compared with Rs 1,142 c...

RBI Announces OMO To Ease Liquidity
May 8, 2012 Mumbai: The Reserve Bank of India (RBI) on Monday said it might infuse up to Rs 12,000 crore this week via Open Market Operations (OMO), to ease liquidity pressure and create an appetite for a fresh supply of government bonds...

HSBC Mutual Not Looking To Sell Stake or Exit India
May 5, 2012 Mumbai: Chief executive officer of HSBC Mutual Fund, Puneet Chaddha, has quashed the rumours that the fund house is looking to exit its asset management busines or sell the stake in India. Mr Puneet said HSBC is very seri...

Banks May Need Up To $50 Bn Extra Equity under Basel III Capital Regulations: Fitch
May 5, 2012 Mumbai: Indian banks may have to raise up to 50 billion dollars of additional equity under the Basel III capital regulations that are announced by the Reserve Bank of India, Fitch Ratings stated on Friday. More than 3 qua...

Bank of India Cuts Home Loan Rates
May 5, 2012 Mumbai: Following its larger colleagues, the state-run Bank of India  today announced cut in its home loan rates by up to 0.75 percent as well as a 0.25 percent drop in the base rate to 10.50 percent. The new rates w...

RBI Raises Interest Rates to Attract Foreign Currency Deposits
May 5, 2012 Mumbai: To attract the inflows in the context of falling rupee, the Reserve Bank today has raised the interest rate on NRI deposits in foreign currencies by up to 3 percent. Following Reserve Bank of India's announcem...

Bandhan Financial Services May Raise Rs 500 Crore via Securitization This Fiscal
May 4, 2012 Mumbai: Microfinance company Bandhan Financial Services may hit securitisation route to lift Rs 400-500 crore of debt in the present financial year, said a top official. "We can securitise Rs 400 to Rs 500 crore of l...

Ratnakar Bank to Add 50 Branches This Fiscal
May 4, 2012 Mumbai: Ratnakar Bank, Private sector lender is planning to add around 50 branches this fiscal year with a majority of them being outside Maharashtra, said a top official . The bank's branching network has grown to 10...

Banks Need Rs 5 Trillion Fresh Capital to Meet Basel Norms: ICRA
May 4, 2012 Mumbai: Rating agency Icra pegged the incremental equity requirements of banks under the Basel III at around Rs 5 trillion and said banks can manage if they can find investors for the riskier additional tier I capital. &q...

Basel III Not Too Burdensome For India- Goldman
May 4, 2012, Mumbai: Goldman Sachs, Indian banks have a "rest" Basel III requirements and enough time to RBI's original capital ratio requirements would ...

Importers Drag Rupee to 4 Month Low
May 4, 2012 Mumbai: the rupee continued to fall for the third day of a four-month low-touch, as a slight interference between importers and the Central Bank to cover t...

RBI Unveils Guidelines for Implementation of Basel III Norms
3 may 2012 Mumbai: in order to strengthen the risk management mechanism, the Reserve Bank has presented guidelines for the application of the new rules known ...

RBI May Allow Costlier FCCBs for Pre-Payment
May 3, 2012 Mumbai, facing great pressure to release the money comes back to money through foreign convertible bond (FCCBs), Inc. end called the Re...

RBI Lays Down Road Map to Make Banks Safer
March 3,2012 in Mumbai, India Reserve Bank has developed a road map for a six-year, India Bank security and avoid a repeat of the 2008 financial crisis, but it it ...

HDFC Life to Go For IPO in FY14
May 3, 2012 Mumbai: HDFC Life through the power of the default security (IPO), 10% improvement in focus money. Sector life insurance companies have already s...

Rupee Hits 4-Month Low | Falls Below 53 A Dollar
May 2, 2012 in Mumbai: the rupee dipped below 53 dollars to reach near the bed 4 months on Wednesday, but his doubt about RBI intervention helped to off...

Moody's Reviews: ICICI, HDFC and Axis Banks Being Scanned
May,2 2012 New Delhi: the plant is the largest portfolio of life insurance company (KIC), India is under consideration. Leading to a possible downgrade of the rat...

India Growth Story Clip Dips To 7.5%, Says RBI
July 30,2012  Delhi : India's long-term growth potential, its brightness, Duvvuri subbarav said on Tuesday the Reserve Bank of India Governor lost a bit. nationwide "non-inflationary growth" due to adverse side effects...

Retail Inflation Marginally Down At 10.02% In June
July 29,2012   Delhi :10.02% retail inflation modest declines in June to predominantly Chinese and non-alcoholic beverages lower prices due to inflation. retail, consumer price index (CPI), based in May was 10.36%. compare...

$32 Trillion Held By Super Rich In Offshore Havens
July  31, 2012   Delhi :  Wealthy individuals and their families to hide financial assets as much as 32 trillion in offshore tax havens, according to research published on Sunday the United States and Japan's gros...

Market Pressure Pushes Spain Closer To Sovereign Bailout
July 30,2012   Delhi : Spain is the second country to pay a growing perception that the euro area is an absolute sovereign bailout that barely can afford an auction would require reflecting on euro's rise on Tuesday, Tt...

Petrol, Diesel Prices Up In 7 States After Adjustment Of Taxes
July 30,2012 Delhi : Petrol and diesel prices Thursday local levy to reflect changes in State-owned oil giants as WB and Maharasthra recalibrated rates and domestic LPG in six States that seven States were increased as a result of petrol...

Citi Sees 90% Chance Of Greece Leaving The Euro
July 29,2012   Mumbai : Over the next 12-18 months in euros is about 90% likely, US Bank Citibank in Greece Thursday saying Athens most single currency within the next two to three quarters, but was likely to quit said in a rep...

India To Take 'Political Call' On FDI In Retail: Sharma
July 30, 2012  Delhi : It cannot wait indefinitely as soon as a "political call" by the Government direct foreign investment in the controversial issue on multi-brand retail build, Commerce Minister Anand Sharma will take,...

Govt To Consider Cut In Levy Sugar Quota For Mills In 2012-13
July 30,2012  Delhi : The Government has to assess the situation of the sugar mills to produce after the supply ration shops in 2012-13 through to contribute to reducing the amount of required, consider a top Ministry official said ...

Allow FDI In Multi-Brand Retail: US To India
July 30,2012  Delhi : India foreign direct investment to the country's economic development, to other economic reforms in India in addition to multi-brand retail Nancy j Powell US Ambassador has said should be allowed. "...

Govt To Launch Rajiv Gandhi Equity Scheme By August 15
July 27,2012  Mumbai : The Finance Ministry plan, which Rajiv Gandhi equity capital markets retail investment aimed at increasing by 15 August starts. Economic Affairs (DEA), Department officials to finalize the market regulato...

UK's Largest Fund Schroders Acquires 25% Stake in Axis Mutual Fund
July 30,2012   Delhi : Trade between India and China in the current downtrend, but there is "huge potential" economic and commercial cooperation between the two Asian giants to explore, a top Chinese diplomat said on ...

India Beats China In Export Growth Rate: WTO
July 29,2012  Delhi : China's export growth rate of 16.1% of India further growth in 2011, all major trading countries in the world in the recordings list, topping out at a World Trade Organization report says. "India ...

RBI Cuts Growth Forecast To 6.5%, Warns On Inflation
July 30,2012  Mumbai : Economic growth is likely to fall by 6.5%, inflation and fiscal deficit widening to accelerate, the Reserve Bank of India on Monday to review monetary policy a day before a large depressed economic landscape p...

Growth Ball In Govt’s Court, Says RBI
July 30,2012  Mumbai : The Reserve Bank of India (RBI) on Monday the prices of various monsoons and farm sector can knock and trim that earnings growth, the Central Bank was unlikely to cut interest rates indirectly warned it could ...

PM Sets Up Panel For Tax Clarity In It Industry
July 30,2012  Mumbai : Prime Minister Manmohan Singh on Monday, a Government statement said that software development centres and related issues of taxation. a Panel set up to review.In East Central Board of direct taxes (CBDT) ...

Retail Loans May Turn Cheaper
July 31,2012   Delhi : It is not entirely certain, though banks can make your home loan easy-. Reserve Bank of India (RBI) Tuesday policy repo rate on the cash ratio (CRR) . Deemed that essentially signal their monetary pol...

Year-End Inflation Seen At 7%, Up From Earlier
July 31,2012 Mumbai : The Reserve Bank of India (RBI) Governor de subbarav in the quarter monetary policy review: strong message for everyone to at least high inflation in the near future, brace for a spell. The Reserve Bank of India...

No Slowdown, Sales On Target: Aston Martin
August 01,2012   Mumbai : Higher interest rates slow when economic growth and inflation are hurting demand for luxury carmakers across the car industry. The economy appears to be immune to the wrath of Aston Martin.Aston Ma...

Near-bankrupt Greece says cash reserves drying up
July 31, 2012   New Delhi : Nearly bankrupt Greece is rapidly running out of cash while its next installment of aid from international lenders have been waiting for the country's precarious financial situation, Deputy Finan...

Deadline For Income Tax Returns Filing Extended
July 31,2012  New Delhi : Central Board of direct taxes (CBDT) on 31 August for the assessment year 2012-13-(I) return of the filing due date of filing returns. ' end date was July 31. power grid power supply 20 States adversely...

India's Manufacturing Growth Falls In July; Weakest Since Nov
August 01,2012  New Delhi : India'smanufacturingsector,said an HSBC survey in July-November-home because the weakest growth since moderation and sagging global economy, export orders a slowdown. HSBC India manufacturing purc...

Wind Energy Venture Capital Funding Off To A Breezy Start At $240 Million In Q1
April 23, 2012 in Mumbai: wind power World in risk capital funds, 240 million US dollars worth of transactions 12 transactions very home of the calendar year...

Commercial Paper Market Returns To Life After Interest Rate Cut
April 23, 2012 Mumbai: Companies are thronging to the debt market to raise short-term funds as the market is offering attractive interest rate differential for both issuers and investors. There have been commercial paper issuances to the...

Standard Chartered Bank Research Report Warns Of Further Slip In Deposit Growth
April 23, 2012 Mumbai: A production account has said the concerns about the declining deposit development persevere, and if uptick is falling lower than 16 per cent, it is liable to put force on bank spreads in a falling rate atmosphere....

HDFC May Cut Rate By 25 Bps Next Week
April 21, 2012 Mumbai: Housing Imrovement funding Corporation (HDFC), the biggest mortgage lender in the country with nearly about a 3rd of the market contributibution, is set to decrease its lending cost by 25 basis points (bps) early o...

Banks Bow To Government: ICICI Bank, PNB Cut Lending Rates, Others To Follow Suit
April 21, 2012 Mumbai: ICICI Bank and Punjab National Bank took the lead among major lenders in lowering deposit and lending rates by 25 bps, which will not only reduce monthly payments on home and car loans but also cheer policymakers. ...

Banking Sector Upbeat Despite Reports Of Lay-Off
April 21, 2012 Bangalore: Despite speculations of banking major HSBC callous jobs in India, hiring in banking sector leftovers optimistic. "It is not a style and all banks are hiring. The simply time hiring stopped up was 18 months ...

The MSC Bank Gets Banking License From RBI
April 21, 2012 Pune: The Maharashtra State Cooperative Bank received banking license from the Reserve Bank of India on Thursday, 46 years after its establishment in 1966. The MSC bank is the apex co-operative bank of the three tier co-op...

Public Sector Banks May Cut Lending Rates For Retail Borrowers, No Relief For Others
April 21, 2012 Mumbai: Several state-run lenders from Allahabad Bank to Union Bank of India may reduce lending rates on retail or SME loans to a higher extent and avoid cutting lending rates uniformly across the board, as the government ...

Bank Lending To Commercial Realty Sector See A Rise of 9% In February
April 20, 2012 Bangalore: Banks' lending to the commercial real estate sector grew 9% in February 2012 compared to February 2011, as risk-averse fund houses c...

ICICI Bank, PNB Reduce Lending Rates, Others To Follow
April 20, 2012 Mumbai: ICICI Bank and Punjab National Bank took the lead among major lenders in lowering deposit and lending rates by 25 bps, which will not only reduce monthly payments on home and car loans but also cheer policymakers. ...

HDFC Bank Does Not See A Need For Rate Premium On Bulk Deposits
April 20, 2012 Mumbai: HDFC Bank, the second-largest private sector lender in the country, will not offer a higher rate on bulk deposits than it pays for retail deposits of similar maturities. The lender’s comfortable liquidit...

Barclaycard Unveils Mini, Stick-On Credit Card
April 19, 2012 : The latest salvo in the battle to launch a digital wallet has been unveiled - with a mini, stick-on credit card. Barclaycard ...

TVS Logistics Plans To Sell 20% Stake To KKR For $55 Mn
April 19, 2012 New Delhi: Based on Chennai TVS Logistics Services Ltd, a group of TVS company, make a plans to divest a near 20% stake to primarilly pri...

IDBI Bank Cuts Lending And Deposit Rates By 25 Basis Points
April 19, 2012 Mumbai: IDBI Bank on Wednesday cut its lending and deposit rates by 25 basis points, making it the first lender to lower rates barely 24&...

Centre Turning Dictator? Government Orders PSU Banks To Cut Rates Immediately
April 19, 2012 Mumbai: Government has ordered state-run banks to lowest lending rates without any delay even before the ink has dried on the RBI’s decision to slice&n...

Punjab National Bank Cuts Lending Rate By 0.25 Pc
April 19, 2012 Mumbai: Country's second biggest community sector bank PNB today announced slice in lending rate by 0.25 per cent, a stir that will make housing and commercial loans cheaper. The bank has decided to reduce the stan...

PFC Raises Rs 3440 Crore With 3-Yr And 5-Yr Bonds
19 April 2012 Mumbai: Power Finance Corporation (PFC) today raised 3440 Rs crore through a combination of three years and a five year warranty. The issue was subscribed fully within an hour of opening. The company offered a coupon: 9...

In Line With IRDA Cap, LIC May Pare Stake In 51 Unlisted Companies
18 April 2012 Mumbai: LIC, Largest Insurer In The Country, Society Is Likely To Reduce Down Its Participation In Non-Listed Companies To Bring It Into Compliance With The Ceiling Of 10% Investment, Said A Government Official. The Sai...

Lower Transaction Costs on ATMs to Help PSBs Save 3k Crore per Year
April 18, Mumbai 2012: State Run Banks Can Save Approximately 3 000 Crore A Year As The Rate Of Transaction For The ATMS Has Almost Halved. This Follows The Directive Of The Ministry Of Finance To Banks To Share The New Cash Machines...

RBI's Monetary Policy Review: Onus of Checking Fake Currency Notes on Banks
18 April 2012 Mumbai: RBI will soon review the authentication procedure of notes of currency by the banks before it goes to the customers. The movement aims to reduce the risk of increasing the number of false circulating currencies. ...

Home Loans May Become Cheaper
Aug 3,2012 New Delhi: A day at home and auto loan rates after SBI, National Housing Bank, home finance companies under a special scheme for the regulator, 75-100 basis points compared to the prospect of further rate cuts refinancing rate...

RBI Asks Banks to Cut Exposure to 'Gold' NBFCS
18 April 2012 Mumbai: RBI has asked banks to reduce their regulatory exposure limits in a single NBFC with loans of gold to the extent of 50% or more of its total financial assets. The exhibition has also decreased from 7.5% to 10%. ...

Australian Bank Westpac To Start Operation In Mumbai
17 April 2012 Mumbai: Australia's leading bank Westpac Said Today It Will Open Its First Branch To Increase Trade In Commercial Bank And Wholesale In The Region After Having Obtained The Permission Of The Reserve Bank Of India In Ind...

188 Crisil Rated Companies, incl 3i Infotech Default On Loans
17 April 2012 Mumbai: Slowing Growth And The High Interest Rates Have Taken A Toll On Many Medium-Sized Companies. About 188 Companies Listed By Crisil Failed To Service The Interest On Loans Or The Repayment Of The Principal On Time. Mo...

Inflation To Be Around 7% in FY13
17 April 2012 Mumbai: The Reserve Bank Of India (RBI) Monday, Said Inflation Should Remain Around Current Levels This Fiscal Year, 2012-13, Although In The Short Term, There Are Risks Of Outbreak Due To The Effect Of Base Fall In Price O...

Punjab National Bank Plans To Open 24 Hours Banking Services Centres
13 April 2012 Mumbai: State of Punjab National Bank will implement new service centres where customers can access banking services choose as an update of the 24 X 7 booklet. The Bank would set up "E-Lobby" which will have a...

RBI Likely To Cut Interest Rate For The First Time In 3 Years, On Tuesday.
13 April 2012 Mumbai: The Reserve Bank Of India Is Expected To Reduce Interest Rates For The First Time In Three Years On Tuesday, But Investors Will Be Happy Only If There Is A Cut That Accompanied Him On The Requirements Of The Banks R...

IDBI Bank May Raise Its Overseas Fund Raising Plan To $2.5 Bn
13 April 2012 Mumbai: Lender Public Sector Bank IDBI May Raise Its Overseas Fundraising Plan 2.50 Billion $ In January Of Existing 1.50 Billion $, Said A Top Official Of The Company Of The Page. We Will Update Our Plan Of Overseas Fu...

Lending Rates Not To See A Big Fall In FY13: Crisil
13 April 2012 Mumbai: Retail And Corporate Borrowers Will See A Significant Reduction In Lending Rates For The Fiscal Year Due To Tightness In Liquidity, More Government Borrowing And High Cost Of Deposits, According To The Rating Agency...

Rupee Gains 18 Paise Vs Dollar In Early Trade
13 April 2012 Mumbai: The Rupee Preempted By 18 Paise To Trade At 51.40 Against The Dollar On The Interbank Foreign Exchange Market In Commerce Beginning Today On Increased Inflows Of Foreign Funds. Influx Of Merchants Said Increased...

Indian Overseas Bank Hopeful of Posting 16-18% Credit Growth In Current Fiscal
12 April 2012 Mumbai: Sector Lender Public, Indian Overseas Bank (IOB) Is To Display A Credit Growth Of 16-18% And 18-20% Of Growth The Fiscal Year Being Filed. Currently, We Seek Growth Deposit Of 18-20% And 16-18% Credit In FY13,"...

Private Equity Fund Region Holdings Aims To Invest $150 Million
12 April 2012 Hyderabad: Capital Region Operations Fund Seeks To Invest Up To 150 Million $ (Rs 750 Rupees) In Four Industry Sectors Which Would Benefit From The Rapid Urbanization Of The India. The Fund Based In The United States A ...

Rupee Sees Recovery On Dollar Selling
12 April 2012 Mumbai: The Rupee Recovered Wednesday From The Bottom Three Months To Close Slightly More High Five Paise 51.42/43 Against The Currencies To The Dollar Selling By Banks Despite The Weak Markets. The Rupee Lower Resumed ...

FDI Flows In FY11 Got Affected Due to Policy Uncertainty : RBI
12 April 2012 Mumbai: After The Global Financial Crisis, The Indian Economy Recovered To Grow 8.4% In 2010-2011. But In the Same Year, Flows Of Foreign Direct Investment (Fdi) Fell To 20.30 Billion $ $27.1 Billion A Year Ago Due To The P...

Iffco Tokio Infuses Rs 125 Cr Capital To Fund Growth
April 11, 2012 New Delhi: Private Sector Insurer General Iffco Tokio said today he made a capital infusion charges 125 Rs crore to fund expansion. With this injection of total capital by promoters is 526.2 Rs crore in March 2012, Iff...

Oriental Bank Of Commerce Cuts Lending, Deposit Rates By Up To 0.5%
April 11, 2012 New Delhi: State-owned Oriental Bank of Commerce (OBC) today slashed base rate or minimum lending rate by a marginal 0.1 per cent while fixed deposit rates on select maturities by up to 0.5 per cent. The bank has reduc...

Odisha Opposes RBI Decision To Hike Rate Of RIDF Loans
April 11, 2012 Bhubaneshwar: RBI on the interest on the loans raise the rate of NABARD RIDF of recent decisions, the Government asked the Odisha today Centre on April 2012 to apply new interest on loans previously granted. "Was ...

NABARD Extends Rs 14,970 Crore beneath RIDF In Financial Year 2011-12
April 11, 2012 Mumbai: National Bank agriculture and rural development (NABARD) rural infrastructure development fund under the 2011-12 record at 16,790 crores a year ago period, 24 per cent growth. NABARD RIDF under the year 2010-1...

Compensate Bond Investors At 8% For Late Interest Credit: RBI
April 11, 2012 Mumbai: The Reserve Bank of India has instructed banks to delay interest rate of 8 per cent credit on account of the financial loss to the relief or saving bonds to compensate investors in government securities. "...

IFC Provides Rs 33 Crore Loan To Snowman Logistics
April 10, 2012 Mumbai:  The World Bank's investment arm, the IFC,  6.5 million dollars (about 33 crores) food supply chain logistics company snomain, credit have been extended, the institution said in a statement. In 2009, ...

RBI Allows RRBs, Cooperative Banks To Transfer Funds Online
April 10, 2012 Mumbai: To popularise electronic transfer of funds, the Reserve Bank today allowed regional rural banks (RRBs) and cooperative banks to participate in the centralised payment systems. With this, all the banks can now t...

RBI Cancels Licence Of Bhadran Cooperative Bank
April 10, 2012 Mumbai: The Reserve Bank has cancelled the licence of Gujarat-based Shri Bhadran Mercantile Cooperative Bank, following deterioration in its financial condition and save the interest of depositors.   The fact th...

Heard On The Street: CIMB, Kotak Mahindra Groups May Revisit 'Working Alliance'
April 10, 2012 Mumbai: Malaysia's CIMB group and Kotak Mahindra group, the Royal Bank of Scotland cash equities and investment banking for the Asia-Pacific's acquisition of their units ' CIMB ' working Coalition again. ...

Government Cuts Corpus For Home Loan Rate Subvention By 20%
August 2, 2012 Mumbai: The government has cut the size of interest rate subvention corpus for affordable housing loans by a fifth as it focuses on austerity over growth to contain the burgeoning fiscal deficit. It's 400 million ...

Home Loan Inquiries Increased 18% In Q1 2012: CIBIL
Augsut 2, 2012 Mumbai: Home loan inquiries improved by more than 18% in Q1 2012 compared to Q1 2011 indicating surging demand for home loans, according to Credit Information Bureau (India) Ltd (CIBIL). Intelligence Bureau (India) Ltd...

IT Return: Deadline For E-Filing Extended To 31 August
August 2, 2012 Mumbai:  The Indian government on Tuesday extended the deadline for e-filing income tax returns to 31, August, 2012 from an earlier date of 31 July, 2012. Normal life in considering reports of unrest has expanded ...

Psus May Raise Motor Insurance Premiums By 40 Per Cent
April 9, 2012 Mumbai: Finance Ministry told the State-owned general insurance companies that devise new marketing strategies and increase your premium third-party motor insurance losses, the huge increase in the cost of motor insurance c...

Sebi Imposes Rs 4 Lakh Fine On Two Brokerage Firms
August 1, 2012 Mumbai: Market watchdog Videocon Industries Ltd. SEBI stocks way back in 2004 between them on two circular business brokerage firms each penalty of 2 million rupees.   Mansukh securities and finance limited, the...

Yes Bank Raises Rs 1,180 Crore Foreign Loan
August 1, 2012 BMumbai :A Private bank on Yes Bank on Thursday said it has risen around Rs 1,181 crore through a dual currency syndicated loan facility from foreign markets.   Feature one year maturity and general corporate pu...

SBI roped in to provide concessional loans to tribals
3 August,2012 Delhi: To enhance career opportunities for tribal, On Wednesday the National Scheduled Tribes Finance and Development Corporation (NSTFDC) join hands with State Bank of India to provide concessional loans with flexible paym...

Bank Deposit Growth Slows Due To High Inflation
  April 6, 2012 Mumbai: High inflation put down the banking sector, the Reserve Bank is estimated at 17% fell short of liquidity in the system to the exciting development of Dim.   While the banking system in 13.4 per...

Banks Having Majority Foreign Stake Like ICICI Bank, HDFC Bank Not To Be Classified Foreign Banks
  April 6, 2012 Mumbai:ICICI Bank and HDFC Bank such as the private sector banks, the foreign banks that majority foreign holdings and understanding between Reserve Bank beating solutions will not be considered under. ...

IVRCL Close To Selling Three BOT Assets To Raise Funds
  April 6, 2012 Mumbai: In Fight for Management control, clinching three of the transaction is the basic structure of the firm IVRCL as its BOT (build, own and transfer) infrastructure business and get out of the EPC (engineerin...

Insurance Premium Collection Gets Affected By Closure of Mines
April 6, 2012 Mumbai: The State Government's strict measures to prevent illegal mining in general insurance premiums in 2011-12 took a toll. Various non-life companies in the State by heavy commercial vehicles on premium colle...

Feb & Mar Contribute To 40% Credit Growth of FY12 For Banks
April 6, 2012 Mumbai: Development in Bank is Advanced, which took most of the year in February and March, remained silent. banks, or fiscal year RS 2.6 trillion total debt of RS 6.6 million of a little more than one-third of the 2011-12,...

RBI Strengthens Reporting Norms To Check Gold Import
April 5, 2012 Mumbai: The Reserve Bank of India (RBI) today reporting requirements whereby the banks a monthly amount and method of payment of gold imports to inform about the Central Bank adopted tough statements to be submitted ...

Strong Dollar Demand Leads To Rupee Falling Below 51 Level
April 5, 2012 Mumbai: The rupee has lost 39 cents today to importers of fresh dollar demand due to weakness in the u.s. currency and stock markets to close down 51 levels. Get your two-day, snapping the streak, down 39-12 at rupee 5...

SBI Expects RBI To Cut CRR By 0.75% On April 17
April 5, 2012 Mumbai: The country's largest lender State Bank India (SBI) Reserve Bank cash reserve ratio by 0.75 per cent next month (CRR) to unlock the cash that could lead to restraint in lending rates. "My personal stan...

HUDCO Reduces Project Loan Rates By 0.5% With Effect From April 1
April 5, 2012 Mumbai: Stateowned housing and Urban Development Corporation (hudko) today said that the lending rates at 0.5 per cent, with effect from 1 April at least. Hadko, social housing and related infrastructure to continue...

Finance Min Advises Banks To Reduce Usage Of Cheques, Bank Drafts By Popularising E-Payments
April 5, 2012 Mumbai: The Finance Ministry has advised banks to electronically transfer funds to create the popular check and bank draft that are prone to fraud, the use of electronic transfer of funds to ensure they are the same as trad...

Malaysia's CIMB Buys Royal Bank Of Scotland' India Divisions For Rs 720 Crore
April 4, 2012 Mumbai: Malaysia's CIMB Group said it has acquired certain businesses of Royal Bank of Scotland in Asia Pacific, including some of its assets in India. CIMB will pay RBS a gross amount of about £88.40 million (abo...

Bank Credit Grew 23% In July-September: RBI
April 4, 2012 Mumbai: Banks by September 2011 quarter 23.5 per cent of loans has increased, up 19.3 percent from the similar stage a year ago, more and higher interest rate regime, despite the country's economic activity. Meanwh...

RBI Initiates Inquiry Into 21 Banks' Operations From Residential Plots In Nodia
April 4, 2012 Mumbai: The Reserve Bank of India's branches in 21 major banks how permissions to Noida authority got 104 by-laws from operating in clear violation of residential plots in an investigation has begun. These branches...

CX Partners In Talks To Buy Future Cap Holdings
April 4, 2012 Mumbai:  CX partners, private equity Fund promoted by former Citigroup Executive Ajay Relan preliminary controlled non-banking finance company in teen biyani (NBFCS) future capital holdings (FCH) to acquire the control...

HSBC Private Equity, eplanet To Shed Trivitron Stake
April 4, 2012 Mumbai: HSBC private equity firm Trivitron medical diagnosis and ePlanet capital Chennai plans to sell its stake in healthcare. "Since their investment cycle has matured, a partial exit from the company both PE fi...

SEBI Takes Over Control of Private Value Finance Industry
April 3, 2012 Mumbai: An important step that the Securities and Exchange Board of India (SEBI) beyond the scope of the powers of the universe listed companies, market regulator of alternative investment funds on Monday governing the stru...

Dhanlaxmi Bank Find Deputy CEO and Plans To Turn 30 Offices
April 3,2012 MUMBAI: Trishur-dhanlakshmi bank branches in Mumbai and Delhi metros, including plans to close 30, and Deputy Chief Executive Officer for a major promotion. The Bank's network in 140 centers in 14 States over 2...

DBS Infuses Rs 509 Crore Into Native Indian Operations
April 3, 2012: MUMBAI:  DBS Group Holdings in its Indian business, capital communications 508.50 crores in my country the ability to develop. Singapore-based Bank is also a wholly-owned subsidiary of Indian business and change, if n...

Retail Industry To Be Union Bank's Focus Under New CMD
April 3, 2012: MUMBAI: Union Bank of India to maintain and customers, the new Chairman and Managing Director of customer service in an attempt to entice devavrat Government improved retail and will focus on lending for the purpose stated...

Most Microfinance Firms' Failed To Induce Banks To Admit Their Proposals In CDR
April 3, 2012 Mumbai: Microfinance institutions, credit repair, four to five chosen out, Bank loan restructuring (CDR) incorporated in its proposal to commemorate the sale failed. BASIX group micro-loans to banks whereas Samruddhi F...

Titan Industries Gets Green Signal From Government For Direct Gold Imports
April 3, 2012 Mumbai : Titan industries (TITN.NSTITN.NS), a jewelry maker promoted by the Tata group directly for approval from the Government, a key raw material imports gold, said Government officials, a step, which will help the compa...

LIC Invests Rs 2,317 Cr In Four PSU Banks
April 2, 2012 Mumbai: State-owned life insurance corporation of India (LIC) in four public sector banks in preference stock route through the 2,150 million bucks pump. Life insurance monolith according to BSE in the filings, Bank of...

RuPay Card Can Help Indian Banks Save Upto Rs 300 Crs Annually
April 2, 2012 Mumbai: A swap to RuPay Card, the Indian version of Visa or MasterCard, can help the domestic banks save as much Rs 300 crore annually in transactional fees, says the National Payments Corporation (NPCI), which has launched...

Banks Cannot Deactivate Accounts With Pending KYC Documents: High Court
April 2, 2012 Mumbai: The Gujarat High Court instructed banks that they neither freeze accounts nor can they stop issuing cheque book or providing ATM facility where the account holder has not submitted KYC (Know Your Customer) documents...

YES Bank Raises Rs 380 Cr In Debt From International Finance Corporation
April 2, 2012 Mumbai: YES Bank has raised Rs 380 crore in debt from International Finance Corp (IFC) and re-energized its plan to raise 400 million dollars in share sale in European markets as investors' risk craving has returned aft...

Canara Bank Reduces Rates For New Home Loan Borrowers
April 2, 2012 Mumbai: Canara Bank has slashed home loan interest rates effective from April 2. The rate of cut is for all borrowers across repayment tenors and quantum slabs, stated a press release from the Canara bank. With the amendmen...

Banks Bring Down Rates Only For New Home Loan Borrowers
April 2, 2012 Mumbai: When it comes to increasing home loan rates, banks believe in following the policy across-the-board and hike rates for sundry and all. However, in case of reduction, the policy is aimed to benefit only new borrowers...

RBI relaxes FDI Norms For Indians
March 30, 2012 Mumbai: The Reserve Bank of India (RBI) on Wednesday announced a swing of revisions targeting at liberalising the norms for direct investment abroad by Indian residents. These include professional services rendered, libera...

Rupee Near Two Month Low
March 30, 2012 Mumbai: The rupee plummet, approaching a 2 month low, as US consumer confidence nearing a 1 year high bolstered demand for dollars between a retreat in local equities. The rupee declined 0.1 % to 50.8 per dollar in Mum...

Survey Shows That Banks’ IT Spend To Be Basis Customer Needs & Rules
March 30, 2012 Mumbai: Public sector banks must step up investments in technologies, such as business intelligence and data warehousing over the upcoming 3 to 5 years to stay competitive, as needs of the customers change by time and regu...

Banks Being Probed For Manipulation To Be A Part of The Panel To Review LIBOR
March 30, 2012 Mumbai: The British Bankers' Association stated a panel of lenders will examine the London interbank offered rate that includes some firms being routinised for allegedly rigging the benchmark. The review, second ti...

RBI Cancels License For The Bhusawal People's Co-operative Bank Ltd
March 30, 2012 Mumbai: Jalgaon-basedin Maharashtra after depositors ' concerns Cooperative Bank, peoples Cooperative Bank Ltd. bhusaval RBI license is revoked. "... All Maharashtra Government effort to revive the close cons...

Govt Hopes That Small Savings Deposits Will Increase And Help Reduce Borrowings
March 28, 2012 Mumbai: On Tuesday, the Government said it plans next month to economize and Reserve Bank of India (RBI) policy rate cut expected on interest rates on the rise was hoping. These hopes, the Ministry of finance, the Governme...

Govt Will Borrow Rs 3.7 lakh Crore In The First Half of 2012-13
March 28, 2012 Mumbai: Government sale of dated securities market through 2012-13 in the first half of the 3.7 million will borrow crores. The new fiscal year starting lending scheme next month to 65 percent in this volume. Market p...

Reinsurance Rates May See An Increase of 20-25%
March 28, 2012 Mumbai: India Inc to open out, while a renewal of insurance policies as global reinsurance rates by 20-25 percent tighter when viewed this way comes from April to renew policies. Global destruction programs and busine...

Microfinance Companies to Get Rs 30 Crs From SIDBI
March 27, 2012 Mumbai: Some of the country's poorest microfinance companies, who have yet to receive commercial funds are important to the State after running the small industries Development Bank of India or around 100 million micro...

Liquidity Shortage In The Banking System At All Time High
March 27, 2012 Mumbai: Lack of liquidity in the banking system on Monday close to RS 2 lakh crore had to lend banks heavily at the finish of the year with the objective of increasing debt-an all-time high. On Monday, the Bank of Ind...

RBI Asks NBFCs to Inform Clients Before Auctioning Jewellery
March 27, 2012 Mumbai: Non-banking finance companies (NBFCS) now their gold loan borrowers send enough notice, if they kept the jewelry as collateral, debt repayment plans because of non-auction, India (RBI) on Monday released guide...

ICICI Asks Ailing Kingfisher For More Security On Its 600 Cr Loan
March 27, 2012 Mumbai: India's largest private sector Bank, ICICI Bank, its 600 million loan for more security/Kingfisher Airlines after the airline's stock on Monday asked the sick at an all-time low. He said, "an airl...

Private Equity Firm ChrysCapital Raises $500 Million For New Fund
March 26, 2012 Mumbai: Difficult market conditions focused private equity firm between India, $ 500 million for a new Fund Chrys Capital has been raised since it last year before a major management transition. Founder and Senior Man...

Government And LIC To Contribute Rs 1463 In Capital To Allahabad Bank
March 26, 2012 Mumbai: Allahabad Bank's shareholders on Saturday approved the bank's plan to raise Rs 1,463 crore capital by issuing preference shares to the government and Life Insurance Corporation of India. The capital wil...

Sebi To Allow Full IDR Fungibility
Jun 27,2012 Mumbai: Standard Chartered PLC's Indian depository receipts (IDRs) for holders of a positive surprise in a few weeks the market regulator SEBI, IDRs India soon to announce some changes to the rules governing are expected ...

Likely Hike of 0.25% In Interest Rates On Small Savings
March 26, 2012 Mumbai: Taking inspiration from other public sector lender, Punjab & sind Bank (PSB) has also announced tight liquidity situation has a maturities of term deposit rates to choose between 5 percentage points as the vert...

L&T General Insurance Bullish On Growth Prospects
March 26, 2012 Mumbai: L & t General insurance business next fiscal year on bullish growth prospects is mainly coming from motor and health insurance sectors, a top company official said. "We have accelerated our growth pro...

RBI Norms On Gold Loan Will Trim Companies Limits: Analysts
March 24, 2012 Mumbai: Thursday gold financial companies welcomed the latest measures by the Reserve Bank, said that they will strengthen the industry, but analysts said the clampdown in corporate margins erode and growth reductions. ...

RBI New Norms: Manappuram To Trim Loan Against Gold
March 24, 2012 New Delhi: MANAPPURAM finance said today that 60 per cent of the loan amount to the value of gold, on par with the Reserve Bank's instructions. Currently, the average price for their gold (LTV) loans to finance deb...

Edelweiss To Increase $400 mn To Capitalize Special Asset Fund
March 24, 2012 Mumbai: Edelweiss financial services raise $ 400 million from foreign investors to tap its Special Fund asset '. Limited partners in the firm's new Fund-broking entities listed as foreign pension funds, insurance c...

RBI To Recompense Banks: Loss In NE Service
March 24, 2012 Shillong: Northeast to provide the banking services on a priority basis, the Reserve Bank to commercial banks to compensate for the loss of revenue in the process decided today, Reserve Bank officials said. "...

RBI To Keep An Eye On Bank’s Global Books: SBI, ICICI, BoB Among Banks To Face Examination
March 24, 2012 Mumbai: Reserve Bank officials to send to Indian banks ' foreign operations are growing rapidly as they inspected local businesses to ensure that events outside the country domestic trade not rock. ICICI Bank ,Stat...

Chennai Based NBFCs Lose License
March 23, 2012 Mumbai: RBI on three different Chennai nonbanking financial companies (NBFCS) registration certificate is revoked. According to Reserve Bank of information, water companies based in Chennai, Tamil Nadu, three Investmen...

New RBI Norms May Trim Margins For Gold Loan Companies
March 23, 2012 Mumbai: Thursday gold financial companies welcomed the latest measures by the Reserve Bank, said that they will strengthen the industry, but analysts said the clampdown in corporate margins erode and growth reductions. ...

Dhanlaxmi Bank May Offload Its Stake In Destimony Securities
March 23, 2012 Mumbai: Trishur, Kerala dhanlakshmi after their 15% Reserve Bank new silk route to sell securities in Destimony controlled the older generation private sector Bank Chief promoter group being classified as to objections can...

NHB To Broaden Activities As A Financier
March 23, 2012 Kolkata: National Housing Bank, the National Housing Bank, credit enhancement and risk or housing finance companies to broaden their activity as a financier of once in Parliament, National Housing Bank (Amendment passes in...

Microfinance Firms May Get the Support of Equity Funds
March 23, 2012 Mumbai: Finally, there is a small micro-lender in Andhra Pradesh to a glimmer of hope. A year ago, Finance Minister Pranab Mukherjee in microfinance institutions expands equity operations to provide assistance to the creat...

Govt Raising Interest Rate On Small Saving Schemes
March 21, 2012 Mumbai: The fee increase and the Provident Fund rate cut for some good news. National savings certificate (NSC) Government and post Office deposit as small savings schemes in 20-50 base points raise the interest rate. ...

Decision By IRDA on Letting LIC Retain Its Stake In Banks, To Come Soon
March 21, 2012 Mumbai: Insurance regulatory & Development Authority (irda) as soon as the life insurance corporation of India (LIC) where its holdings in the public sector banks it has surpassed the limit of 10% for a fix to allow. ...

Banking On Hot Money
March 21, 2012 Mumbai:  Last week's budget at a time when high government borrowing is already seriously hurt corporate investment and thus growth came on. At least enough to borrow next year Center, Government foreign money to ...

IRDA Irked With LIC Increasing Stake In PSBs To More Than 10%
March 21, 2012 Mumbai: Public domain Government in recapitalising banks lending a helping hand in the good books of the Ministry of finance life insurance Corporation of India (LIC) brought, but moves irked insurance regulatory and devel...

Rupee Convertibility Not An Immediate Goal : RBI
March 21, 2012 Mumbai: The Reserve Bank of India (RBI) Tuesday to high global crude prices lower, budget proposal and even though inflation will help economic growth moderating. Subir gokarn, Deputy Governor of the RBI full rupee co...

SBI May Cut Loan Rates
March 20, 2012 Mumbai: Lending rates decrease your wait may rapidly be over, if the country's main marketable bank has its way. SBI (SBI) rate of interest on loans of some particular area of the weights, the Reserve Bank of Indi...

Higher Govt Borrowing To Harden Bond Yields
March 20, 2012 Mumbai: With the higher government borrowing plan announced in the Budget, bond yields are likely to harden in the near future, say traders and analysts. The 10-year benchmark G-Sec yield is expected to be around 8.5% ...

Foreign VCs Can Enter Equities Through Third Parties : RBI
March 20, 2012 Mumbai: In its bid to deepen the equity and debt markets by attracting overseas funds, the Reserve Bank today allowed foreign venture capital investors to invest in securities through private arrangements or purchase from ...

Indian Banks Should Aim For 20 % Growth: P Chidambaram
March 20, 2012 KARAIKUDI: Union Home Minister p Chidambaram in India said today that an annual growth rate of 20 per cent in banks and it's small enough to take steps in that direction that should be the object. "Banks need...

HDFC Bank Plans To Hold 500 Rural Loan Fairs Next Fiscal
March 20, 2012 Mumbai: Private sector lender rural credit HDFC Bank plans 500 fair catch to rural as rural credit Mahostava mega customers to reach out as part of its initiative in the next fiscal year. Private sector lender, which h...

Bank of Baroda increases FD Rates by up to 0.25%
March 20, 2012 Mumbai: Talks between potential cuts in lending rates on Monday by Bank of Baroda (BOB) have a maturities of deposit rates 0.25 percentage points to choose to be picked up. Bob first bank short-term fixed deposit rates rev...

Ruppe Loses 47 Paise To Dollar
  March 19, 2012 Mumbai: Tracking the steep fall in stock markets, the rupee lost a hefty 47 paise to end the day sub-50 level after six days at 50.38/39 against the dollar. The domestic currency moved in the range of 50.08 ...

Rate Cut Not Appropriate For Current Scenario : HDFC Bank
  March 19, 2012 Mumbai: The second largest private sector lender HDFC Bank has said the present situation is not conducive for rate cuts but further reduction in Cash Reserve Ratio (CRR) could lead to lower interest rates. ...

Budget 2012: Failure In Solving Fiscal Situation – Moody’s
March 19, 2012 Mumbai: 2012-13 for the Union budget to deal with its financial constraints and a lack of innovative solutions to credit rating agency Lord is negative, Moody's Investors Service said, after the Government's modest...

Indian Arm Of Deutsche Bank Gets Rs 455 Crs In Capital
March 19, 2012 Mumbai: German banking leader Deutsche Bank your franchise development plan in RS. 455 crore fund capital base. This RS 5,500 crore rupees over 455 million capital to their operations at Deutsche Bank AG capital base, ...

Budget 2012: Finance Ministry To Track How PSU Banks Are Using The Infused Capital
March 19, 2012 New Delhi:  Finance Ministry official now to increase financial inclusion of banks ' capitalization of its efficient use of funds to ensure that you will monitor. According to Government estimates, Government ...

Budget 2012 Proposal May Make Investments Tougher For Private Equity and Venture Funds
  March 19, 2012 Mumbai: Private equity firms and capital venture funds, eyeing stakes in companies, will find it tougher to make investments in the country if a Union Budget proposal becomes a law. The proposed rule requires fi...

Govt To Infuse Rs 7,000 Cr Into SBI By Next Week
March 17, 2012 Mumbai: Government by next week at the 6,000 crores of SBI, 7000 crores will inject DK banking Secretary Mittal said on Friday. The Government is the largest shareholder of the Bank. Earlier this year, the Bank sai...

Govt To Inject PSU Banks with Rs 15,888 Cr
  March 17, 2012 Mumbai: The government today said it will provide capital support of Rs 15,888 crore to public sector banks and financial institutions during the next fiscal to strengthen their capital base. "The gover...

Budget Impact: Rupee Up 20 Paise Vs Dollar
  March 17, 2012 Mumbai: The rupee pared early losses to end the day 20 paise up against the US currency as Budget proposals to allow overseas borrowings for more sectors and doubling import duty on gold boosted the sentiment on...

Budget 2012: Save Tax Up To Rs 5,000 By Getting A Preventive Health Check
  March 17, 2012 Mumbai: Preventive healthcare scored a high in this year's Budget - be it pushing people to go for an early diagnosis or protecting children against known killers like pneumonia by ensuring vaccine security....

Budget 2012: Rail Travel By AC and First Class To Go Up
  March 17, 2012 Mumbai: Rail travel by AC and first class will be more expensive as the government proposes to levy a 12% service tax, but with abatements that could substantially bring down the effective tax rate to 3.6%. ...

Budget 2012: Car Prices To Go Up
  March 17, 2012 Mumbai: Get ready to pay more for automobiles, especially if you are looking to upgrade to a sedan or buy an imported SUVs. There is an additonal burden on imported SUVs as the customs duty has been hiked from 6...

Union Budget 2012-13: Is the Fuel Price Hike Around The Corner?
    March 17, 2012 Mumbai: The writing's on the wall: fuel price hike is round the corner. So is populist politics of a discordant coalition. The Budget makes the government's intent clear. There's only Rs 4...

Union Budget 2012-13 - Tax Proposals: How They Will Affect You
March 16, 2012 New Delhi: Coming up with some pleasant surprises, Finance Minister Pranab Mukherjee provided reliefs to the Income Tax payers. Higher tax exemption limit for individuals, benefits for the senior citizens, and maintaining ...

Budget 2012: Pranab Mukherjee's 1st Exclusive Interview After Speech
March 16, 2012 Delhi: Shortly after presenting his Budget 2012-13, finance minister Pranab Mukherjee spoke to CNBC-TV18's Siddharth Zarabi about the constraints under which this exercise was taken. In a very candid interview, Muk...

Budget 2012: Understand The Process
March 16, 2012 New Delhi: The government's annual budget is no different from that of a household, only it has a lot more jargon. In a five part series, we will help readers make sense of the key items of the budget, from revenue acc...

Budget 2012: Income Tax Exemption Limit Raised To Rs 2 Lakh
March 16, 2012 Mumbai: Taxpayers some relief, Finance Minister Pranab Mukherjee today 2 million rupees per year tax exemption for individuals from 1.80 million ceiling increase. Ls in 2012-13 budget proposal unveiled for the 20 per c...

Budget 2012: No Reforms, Minor Tax Tweaks, Service & Excise Tax Increased
March 16, 2012 New Delhi: Finance Minister Pranab Mukherjee started his Budget speech with a lot of promise but at the end of it, failed to give any roadmap about the reform process and plans to revive the economy. The were no indication...

RBI Policy Reflects Cautious Stance: Montek Singh
Jul 31 2012 New Delhi: The Planning Commission said today in its quarterly review of RBI monetary policy rates unchanged keeping the inflation took a cautious stance due to the sticky. "As far as looking ahead, Reserve Bank of I...

Budget 2012-13: SENSEX Gains Over 50 Points Ahead Of Union Budget 2012-13
March 16, 2012 Mumbai: The Bombay Stock Exchange Sensex opened plane on Friday ahead of the Union Budget speech given by Pranab Mukherjee, but soon gained momentum and rose to over 80 points. Even the National Stock Exchange Nifty got ba...

Government Tells Regional Rural Banks Finalise The Details Of The Common Exams In Consultation
March 15, 2012 Mumbai: The government has asked regional rural banks to recruit through Institution of Banking Personnel Selection' common written exams, like their sponsor banks. This new system will help in reducing the procedural ...

Manappuram Promoters To Offload 4% Stake
March 15, 2012 Mumbai: Manappuram Finance's promoter and Chairman V P Nandakumar today stated that he intends to sell 4 % stake to "reputable" investor to repay all its outstanding public deposits. "I am intending ...

RBI Is Not In Favour Of Relaxing Norms On Loan Restructuring
March 15, 2012 Mumbai: The government today stated that the Reserve Bank of India is not favouring the relaxing of norms on loan restructuring for any specific sector which includes textiles as well. The Textiles Ministry had even su...

Rupee Down 25 Paisa Vs Dollar In Early Trade
March 15, 2012 Mumbai: The rupee dipped down by 25 paise to Rs 50.16 against American currency in early trade today on the Interbank Foreign Exchange, weighed down by the dollar's gains against the other currencies overseas. Fore...

Nearly All Economists Expect RBI Governor Duvvuri Subbarao To Pause, Not Cut Key Rates
March 15, 2012 Mumbai: Reserve Bank of India Governor Duvvuri Subbarao, who has avoided calls for an interest rate cut for past many months, may continue with his policy on Thursday as he is awaiting the government’s finances forec...

Experts Expects From RBI To Reduce Interest Rates From March 15th
March 12, 2012 Mumbai: As inflation numbers have provide some relief and concerns over a slowdown in growth deepen, market analysts think the time is has come for the Reserve Bank of India to reverse its position from anti-inflationary t...

Government Bond Yields May Fall Due To Liquidity Easing Measure Announced By RBI
March 12, 2012 Mumbai: Government bond yields might dip this week in response to the liquidity easing measure announced by the Reserve Bank of India. On Friday, RBI reduced its cash reserve ratio by 75 basis point to 4.75 per cent, effec...

Key Factors To Build A Good Mutual Fund Portfolio
March 12, 2012 Mumbai: If you have a financial target and your advisors how much you should save regularly. You also agree that you will invest in a systematic way in mutual funds. Now comes the difficult decision of selecting funds. You...

Chinese Bank To Set Up Operations In India, Faces Linguistic Trouble
March 12, 2012 Mumbai: The first mainland Chinese bank wanted to set up its operations in India, the Industrial and Commercial Bank of China, is into linguistic trouble at its branch in Mumbai. The bank has pleaded the Reserve Bank o...

Swiss Bank UBS AG Plans To Set Up Transaction Banking Capabilities In India
March 12, 2012Mumbai: Swiss bank UBS AG is planning to set up transaction banking capabilities in India as a part of its strategy to reorganised its business model, quoted its new head Ashish Kamat. "In India, we have realised t...

HSBC Holdings To Sell General Insurance Units For About $914 Million
March 09, 2012 Mumbai: HSBC Holdings, Europe’s largest bank in terms of market value, have decided to sell some of its general insurance units in Latin America and Asia for about 914 million dollars, as it focuses on more profitabl...

Government To Face Problems Regarding Public Pension Systems In Next Several Decades
March 09, 2012 Mumbai:  Public pension systems in emerging and advanced economies alike were already under pressure before the upcoming of Great Recession. In the past few years' ruin of wealth and the possibility of slower grow...

Senior Officials? Career Prospects Depend On Targets For Tax Collection-CBDT Chairman
March 09, 2012 Mumbai: The chairman of the Central Board of Direct Taxes has told the senior officials that their career prospects would rely on their success in meeting targets for the tax collection, emphasizing the government's wi...

South India Based Banks Want Large Lockers For Safe Storage Of Gold
March 09, 2012 KOCHI: A vast demand for safe deposit lockers for gold, encouraged by an epidemic of thefts in south Indian cities, has led banks to increase storage capacity in their branches. Gold purchasing has continued despite an...

LIC To Divest 18.81% Stake In MTNL Via Private Placement Of Shares
March 09, 2012 Mumbai: The Life Insurance Corporation (LIC) of India wants to divest its 18.81 per cent stake in state-owned Mahanagar Telephone Nigam Ltd (MTNL) through private placement of shares. Top sources privy to the discussio...

Decline In Rates Of Government Securities
March 7, 2012Mumbai : The 8.79 % G-Sec maturing in the year 2021 further moved down to Rs 103.64 from yesterday’s close of Rs 103.68, while its yield held steady at 8.23 %. The 7.83 % G-sec maturing in 2018 eased to Rs 97.67 from w...

Know About The Need To Stay With ULIPs
March 7, 2012 Mumbai : Life insurance is a long-term product and unit linked insurance plans (yulip) are no different. Unfortunately, some customers with a short-term objective in mind, and volatile market conditions yulip bought, they p...

Opt For Top-Up Health Plan For Better Security Of Your Future
March 7, 2012 Mumbai : I must buy a health cover why when I'm covered by your employer? Why waste money on additional premium? These questions are answered every day many financial advisors, especially on your first meeting with cust...

Foreign Banks To Closely Observe Priority Sector Lending Norms
March 7, 2012 Mumbai : The realization of the Nair Committee report on main concern sector lending norms for banks set up in the favour of developments in the micro-finance sector is expected to be closely observed by foreign banks prese...

RIL And D E Shaw Joint Venture To Carry Out Mid-Course Correction
March 7, 2012 Mumbai : The combined venture between Reliance Industries (RIL) and private fund D E Shaw will probably go for a mid-course correction, less than 1 year after both the companies announced their Joint Venture. Last year ...

Citibank To Comeback By Revamping Consumer Banking Operations
March 6, 2012 Mumbai: Citibank, which India plays in 2008 in retail, its fingers burned by improving its consumer banking operations? The return of consumer banking business, Anand Selvakesari, the new leader of 15 million older per...

Rupee Drops 0.7 percent to 49.85 Per Dollar, Reaches Over 1-month Low
March 6,2012 Mumbai: Rupee buying foreign property speculation those local funding cuts, as oil price hover near the maximum level since May at its lowly level in extra than a month fell by Bloomberg. Currency after the third da...

Costs Of General Insurance Policies For Health, Motor And Property Expects Rise Within A Month
March 6, 2012 Mumbai: In about a month from now, health, motor, and the purchase of property for general insurance policies become more expensive, as the Government has said that his books on insurance losses in companies bear the r...

Make Investments With Proper Tax Planning
March 6, 2012: Asset allocation is a simple yet powerful portfolio of investment asset classes and risk diversification strategy return balance. Asset allocation each person and one need a holistic approach to take his/her case to a...

Non-Residents Expects Tax Relief On Approval Of Standing Committees? Recommendations
March 6, 2012 Mumbai: If the Government accepts that the source, or a less severe tax reduction on TDS proposed Finance Standing Committee of Parliament on the recommendations of non-residents and some tax relief for senior citizens...

LIC Policyholders? Carry Can For Governments? Disinvestment Programme
March 5, 2012 Mumbai: The nation's largest life insurance company for ambitious disinvestment programme of small government policyholders can take. India investment life insurance Corporation of India (LIC) of almost all the Gov...

Yield On Government Bonds Seen Steady, RBI May Take Measures To Ease Liquidity Pressure
March 5, 2012 Mumbai: The yield on government bonds, to be stable as traders between the tight liquidity to be careful. There are expectations that the Reserve Bank of India (RBI) to measure pressure on liquidity is coming closer to...

IRDA Expresses Concern Over Corporate Governance In LIC
  March 5, 2012 Mumbai: The Insurance regulator has expressed concern over corporate governance at India's biggest insurer, the Life Insurance Corporation or LIC, which has been led by an acting chairman for the last nine mo...

Know About Investments In Dividend Yield Funds
March 5, 2012 Mumbai: Around 125 companies reward its shareholders with a dividend, in some cases since the beginning of the interim dividend this year. List of notable names in India, NMDC, ONGC and oil India, Aventis, Abbott and some m...

Financial Leaders like Fidelity India, Citi, New York Life Exiting India
March 5, 2012 Mumbai: New York life is pulling out. Fidelity India section. A jewel in its Crown is sold the shares of Citi HDFC. And, some time ago, the Dutch group plans to float a mutual fund egan finished. There is a pattern? There i...

India?s Forex Reserves Rise $ 1.6 Billion, Owing To Foreign Funds Flow Into Capital Market
March 3, 2012 Mumbai: India's foreign exchange reserves rose $1.6 billion to $295.04 billion in the week ended February 24, owing to the flow of foreign funds into the capital market and fluctuation in the values of international cur...

Open Market Operations Not Ruled Out-Says RBI
March 3, 2012 Mumbai: The Reserve Bank of India (RBI) said on Friday the situation was looking for liquidity, and will act when necessary. Khan said the RBI Deputy Governor HR as far as regards liquidity, the Central Bank in in...

RBI Questions Old-Generation Private Banks On Transactions With Companies
March 3, 2012 Mumbai: Ownership structure and some of the older generation private banks in more ambiguities on issues relating to the Reserve Bank of India (RBI) has raised hackles, some of these lenders with their regulator inquiries d...

IDBI Bank To Raise Rs. 5,294 Cr From Share Sale To Government And LIC
March 3, 2012 Mumbai: State-owned bank IDBI said it and the various instruments including LIC share sale.-5294 jutaegi crores Preferential shares for meeting certain output value per share of RS 112.99 Bank, IDBI Bank, the Board sai...

Stock Broking Firms To Carry Out Business On Facebook
March 3, 2012 Mumbai: Banks and stockbroker firms carry out business on Facebook, an important step as they have deep customer relationships through social media platforms to try to start are in India and growing fast. Approximately 45 m...

RBI To Prescribe Higher Capital Adequacy Norms Than Basel-III Norms
March 2, 2012 : The Reserve Bank of India (RBI) on Thursday indicated it would prescribe higher capital adequacy norms than those proposed under the Basel III framework. This would help sustain the advantage of healthy financial profiles...

29 Percent Decline In Policy Issuances Of Private Life Insurance Companies
March 2, 2012 : The lack of pension and unit-linked insurance products (Ulips) continues to take a toll on the life insurance industry, particularly on private players. The number of policies issued by these players has declined 29 per c...

Rates On Certificates Of Deposits Cross 11 percent Due To Banks? Year End Rush
March 2, 2012 : Investors and banks by lack of interest from the crowd at the end of the year the certificate of deposit (CD) matures in three percent over 11 months, a level last operated on rates in 2008. According to market parti...

Consumer Forum Directs LIC To Pay Rs. 60,000 To Policy Holder As Compensation
March 2, 2012 : LIC and some of its officials have been pulled up by a Delhi consumer forum for "recklessly" misplacing a premium cheque, causing a policy to lapse and then defending their mistake before it. The District Co...

RBI Directs Co-operative Banks To Keep Financial Positions Strong Else RBI Will Cancel Licenses
March 2, 2012 : The RBI on Thursday going to the organization of urban cooperative banks to strengthen their financial position, failing which his licence cancelled, it said, including tough measures can resort to. If a cooperative ...

RBI Issues Draft Circular On White-Label ATMs
March 1, 2012 Mumbai: In its attempt to rush financial inclusion across the country, the Reserve Bank of India has now decided to allow non-banking entities to set up their automated teller machines. The central bank has issued a and cir...

StanCharts? Pre-tax Profit From India Business Declines 33% In 2011
March 1, 2012 Mumbai: Standard Chartered Bank, the biggest foreign lender in the country with a broad network of 94 branches, on Wednesday quoted its pre-tax profit from India business declined 33 % to 804 million dollars in 2011 as comp...

Finance Ministry Considers To Tweak Norms For Agricultural Sector To Ease NPA Pressure
March 1, 2012 Mumbai: The finance ministry is considering regulating the norms which banks follow while lending to the agricultural sector. The move is aimed at releasing the mounting pressure building from non-performing assets (NPAs). ...

Mumbai Based PE Fund Makes Investment Of Rs. 85 Cr In Carnation Auto
March 1, 2012 Mumbai: Multi-brand car service chain Carnation Auto which is promoted by former Maruti Suzuki India chief Jagdish Khattar has secured a fresh equity investment of Rs 85 crore from Gaja Capital Partners which is a Mumb...

Better Tax Planning Helps You Make Smart Investments
March 1, 2012 Mumbai: Money saved is money earned. Not anything could be truer than this when it comes to better planning can come through smart investments. Many investors can only look at the gross return, while a financial evaluation ...

Oil Crisis In Iran May Impact Monetary Easing By RBI-Says CARE
February 29, 2012 Mumbai: High crude prices accompanied by the oil crisis in Iran poses inflationary risks in India. This may come in between the way of monetary easing by the Reserve Bank of India (RBI), ratings agency CARE has quoted. ...

Foreign And Private Lenders Manages NPAs Better Than PSU Lenders
February 29, 2012 Mumbai: At the time when the slow economic growth has raised the concern over the asset quality of banks and prompted the Reserve Bank of India to take the stock of bad loans in the system, data from banks have showed. ...

BCC Seeks Rs. 900 Crore Insurance Cover For Fifth Season Of IPL
February 29, 2012 Mumbai: The Indian Premier League (IPL) is turning out to be the lucrative sporting extravaganza for the national cricket board — even bigger than ICC Cricket World Cup — at least from the insurance cover po...

Finance Ministry To Empower Income Tax Officers To Unearth Black Money Of Suspects
February 29, 2012 Mumbai: The finance ministry is looking to empower the income-tax officers to go after the rich and suspect businesses to unearth black money and check tax exemption even though the government has eased laws and drop do...

SBI?s General Insurance Decides To Pioneer Profile Based Pricing Of Motor Insurance
February 29, 2012 Mumbai: State Bank of India's general insurance arm has made decision to introduce profile-based pricing of motor insurance. What it means is that the cost of insurance will vary and will depend on the age of the ve...

The Banking Sector Push In Indian Villages
February 28, 2012 Mumbai: In the year 2009, frustrated by the crawl on financial inclusion, India's banking regulator Reserve Bank of India cracked the whip. The Reserve Bank of India set the time-bound targets and ass...

Large Corporate House Bid For Assets Of Fidelity Mutual Fund
February 28, 2012Mumbai: The mutual fund industry is in a buzz with talk that a vey large corporate house, with business interests in retail and petroleum, has made a bid for the assets of Fidelity Mutual Fund. The group has learnt t...

Expectations Regarding Budget 2012 Heightens Due To Slow Economic Growth
 February 28, 2012Mumbai: Budget being surrounding the corner, the common man  would be curous to know if there is a chance of increment in their disposable income. Every year there is a general belief among the individual tax ...

Exemption From Filing Tax Return On Annual Income Upto Rs. 5 Lakh
February 28, 2012 Mumbai: Individuals having annual income up to Rs 5 lakh are now escaped from filing personal income tax return for the current fiscal year. This relief was suggested in the Union Budget last year. However, a notice fro...

FM Orders Overhauling Of Electronic Payment System To Check Fraud
February 28, 2012 Mumbai: The finance ministry has ordered to increase the usage of electronic payment system for the Centre's social welfare schemes to check fraud and trim the transaction costs as well. The ministry has asked t...

Rates In Overnight Call Money Market Expects To Increase
February 27, 2012 Mumbai: Rates in the overnight call money market are expected to hike up, as banks would borrow to meet the reserve needs at the beginning of new reporting fortnight. Banks’ borrowing from the repo option of the R...

MFI Bandhan Financial Services To Sell Rs. 500 Crore Of Farm-Loans To IDBI Bank
February 27, 2012 Mumbai: Microfinance company Bandhan Financial Services is planning to sell Rs 500 crore worth of farm loans to IDBI Bank which would be the largest securitisation deal in this year. Selling the loans release will capit...

IRDA Expresses Concerns For Selling Insurance Covers Bundled With Other Products
February 27, 2012 Mumbai: Buying a car? Your dealer will select your car insurer. Departing on a holiday? The cost includes the cost of voyage insurance as well. For many years now, Indians have been selling insurance clubbed with ot...

Consider Making Investments In Not More Than 4 Funds For Better Results
February 27, 2012 Mumbai: I started investing at 18 because... I had landed a decent sum of money and the choice was between squandering it away and making it grow. My father had invested in an LIC money back policy for me when I wa...

Know Misconceptions Of Fund Investing
February 27, 2012 Mumbai: Fund distributors use various marketing and selling tactics to attract investors. They often present half-truths as facts and create misleading opinions in the minds of the investors, which can be detrimental to...

24% Complaints On Transactions Through ATMs, Debit And Credit Cards -Report
February 25, 2012 Mumbai: While lenders are curous on diverting basic banking facilities to the automated electronic route from the traditional branch model, the area needs more notice in terms of efficiency, according to the annual repo...

Citigroup Inc Sells Entire 9.85% Stake In HDFC For Rs. 9,550 Cr
February 25, 2012 Mumbai: Citigroup Inc, the third largest lender by assets in the US, on Friday sold its entire stake of 9.85 % in the nation’s biggest housing finance company, Housing Development Finance Corporation, for Rupees 9...

RBI Approves ICICI Bank?s Proposal To Set Up Infrastructure Debt Fund
February 25, 2012 Mumbai: The RBI has provided ICICI Bank to approve a loan fund to fund debt set-first infrastructure to receive approval from the Government of India. Bank representatives to comment on the approval were not availab...

Budget 2012-Parliamentary Panel To Recommend Raise In Income Tax Exemption Limit To Rs. 3 Lakh
February 25, 2012 Mumbai:  In front of the financial plan, a key Parliamentary panel has been examining the Direct Taxes Code is likely to recommend hiking of income tax evasion limit to Rs 3 lakh and tax pause on investments to Rs ...

Farmers Prefer To Opt For Bank Deposits And Insurance Schemes Instead Of Gold
  February 25, 2012 Mumbai: Satya Prakash Saini, a small farmer from Rajasthan's Jhalawar district, had a reasonably good harvest last year when he managed to save Rs 25,000 after all expenses. As most villagers would do, Sa...

Bankers Again Rejected SBI Caps? Proposal Regarding Kingfisher Airlines
February 24, 2012Mumbai: For the second time in the precedent few months, SBI cap is on the underneath line of fire from the bankers for forthcoming them with a raw deal. Previous in January, banks had discarded SBI Caps first sug...

Citigroup To Sell HDFC Stake For Rs. 10,200 Crore, Biggest Block Deal In India
February 24, 2012 Mumbai: Citigroup is looking to escape Housing Development Finance Corp (HDFC) completely. The financial major has invited the bids to sell its entire stake which is 9.85 %, on Friday. The bid which could be valued ...

RBI To Start Rate Reversal Cycle As Inflation Remain Low For Few More Months
February 24, 2012 Mumbai: The time is mature for the Reserve Bank of India to start up the rate reversal cycle. Say’s economists. This is because of owing to a high base effect, inflation is expected to stay low for few more months...

Get Best Deal With Lower Home Loan Rates
February 24, 2012 Mumbai: Three Bank, Union Bank of India, Central Bank of India and Bank of Maharashtra announced their decision to lower home loan rates, it's almost certain that with interest rates are headed down. Soon a few more...

IRDA To Set Maximum Limit For Sum Assured On Life Insurance Policies
  February 24, 2012Mumbai: Insurance Regulatory and Development Authority has made a proposal to set up a max limit for the sum assured on life insurance policies. The move is made to ensure that insurers take on maximum risk on...

Rating Agencies Warn Against More Exposure To Kingfisher Airlines
February 23, 2012 Mumbai: Rating agencies warned against more exposure to debt-ridden Kingfisher Airlines, saying more debt may hit banks’ credit profiles and would add to the burden of provisions. IDBI Bank, Punjab National Ba...

RBI Governor Subbarao Not Keen To Continue Present Job After Term Ends
February 23, 2012 Mumbai: Reserve Bank of India Governor Duvvuri Subbarao does not want to carry out his present job after his term ends in the month of September next year. He said in an interview to Wall Street Journal, Subbarao, w...

Lakhs Of Agents Lose Jobs Due To slowdown In Life-Insurance Industry
February 23, 2012 Mumbai: The deacceleration in the life insurance industry has taken a toll on individual agents. According to the data collected by Life Insurance Council, around 331,000 agents have lost their jobs in the period of Apr...

IRDA Set To Revamp Product Designing Practices In Life Insurance Industry
February 23, 2012 Mumbai: The Insurance Regulatory and Development Authority  is set to refurbish product designing practices in the life insurance industry to protect the consumer interest. The regulator has projected wholesome...

Half-A-dozen Private Equity Firms Winding Up Indian Operations
February 23, 2012Mumbai: Somewhere around half-a-dozen private equity (PE) funds consisting the second tier of the industry are shutting down their Indian operations, disappointed due to drying up of deal flows, thinning exit options and...

Differential Treatment For Foreign Banks To Raise Targets
February 22, 2012 Mumbai: Foreign banks may soon have to bring in their targets for lending to the priority sector on a par with the targets of domestic banks. The M V Nair Committee constituted for suggesting and re-examining the revise...

RBI To Reduce Cash Reserve Ratio To Help Banks Tide Over Deficit
February 22, 2012 Mumbai: As the liquidity crisis continues in the banking system, the Reserve Bank of India has announced that it will consider injecting liquidity by further reducing the to help banks wave over the deficit. Though the ...

Banks Wants Removal Of Overall Target of 40% Priority Sector Lending Obligation
February 22, 2012 Mumbai: During its interactions with banks, the M V Nair Committee, settled up to review the priority sector norms, found most wanted to do away with the 40 % priority sector lending obligation. However, keeping in ...

Fidelity's Decision Not To Part With Equity Fund Management Team Confuses Bidders
February 22, 2012 Mumbai: Bidders which are for the India business of Fidelity Mutual Fund are opting confusing signals from the fund house. Fidelity's decision not to part with overseas advisory business and its equity fund manageme...

IL&FS Investment Managers Ltd May Buy 51% Equity Stake Of Hershey Company
February 22, 2012 Mumbai: IL&FS Investment Managers Ltd (IIML),which is a  private equity arm of Financial Services & Infrastructure Leasing, is in the completion  stages of negotiations to buy out The Hershey Company&#...

United India Insurance Company Plans To Complete Implementation Of Core Insurance Solutions
February 21, 2012 Mumbai: Public sector general insurance company United India Insurance Company is planning to complete the execution of core insurance solutions connecting all its 1,465 offices that are spread across the country, ...

IRDA May Allow Investments In Equity Derivatives & Credit Default Swaps
February 21, 2012 Mumbai: In an offer to give more options in long-term investments and to escape risks of interest rate for the life insurance companies, the Insurance Regulatory and Development Authority can allow investments in e...

PNB Wants To Buy 30% Stake In Metlife Insurance For Re 1
    February 21, 2012 Mumbai: Punjab National Bank which is the nation’s second largest lender, wanted to buy 30 % stake in MetLife Insurance for Rs 1, but the deal has been into a regulatory hurdle. The ...

Transactions Through Mobile Banking Seek Boost
  February 21, 2012 Mumbai: With Interbank Mobile Payment Service (IMPS) in place, banks are now convincing their existing corporate clients to switch their day-to-day cash dealings at the ground level with mobile transacti...

South Indian Bank Revives Fund-Raising Plan Through Equity Sale
  February 21, 2012 Kolkata: South Indian Bank (SIB) has dusted away its fund raising plan through the sale of equity in the setting of a bull gathering in the market. The bank is back again with its Rs 1,000-crore qual...

Utilize Mutual Funds To Build A Thriving Pension Plan
February 20, 2012 Mumbai: The strategy has never been so easy that it's almost incredible. All you require to do is set your desired asset allocation in SIP based on different types of funding. An aggressive young investor risk appet...

E-Filing Income Tax Returns: Deadline Extended To August 31
July 31, 2012 NEW DELHI: On Tuesday, government e - Filing deadline for raising the income of an earlier date July 31, 2012 and return August 31, 2012. Normal life has been expanded to consider the reports of unrest caused by the power f...

Make Regular And Systematic Investments To Grow Your Money
February 20, 2012 Mumbai: Dream is the easy part. This dream is the fulfillment of the labor demand. How much does it cost you to achieve your goal, your child says, an adequate retirement fund of the marriage Fund, or a need to finance ...

General Insurance Products To Cost More From April
  February 20, 2012 Mumbai: Buying general insurance such as motor, health, or property cover could get costlier from April. The finance ministry has asked the national reinsurer, General Insurance Corporation, to stop ignoring ...

IRDA Wants Insurance Companies To Sell Regular Premium Products
  February 20, 2012 Mumbai: First it targeted the pension plans. Then it went for the NAV-guaranteed Ulips. Now, IRDA has put the single premium policies under the scan. The insurance regulator quoted that the single premium...

RBI?s Governor Favors Minority In Monetary Policy Actions
  February 18, 2012 Mumbai: It seems Reserve Bank of India’s Governor D Subbarao has favored those in the minority when it comes to monetary policy actions. Last month, Subbarao heeded the lone voice in the Technical ...

Insurance Sector Requires Orderly Growth
  February 18, 2012 Mumbai: At a time when the life insurance industry is staring at its worst ever growth rate, the Insurance Regulatory and Development Authority is playing down the concerns of the sector. R K Nair, membe...

Rates On Certificates Of Deposit Reaches A Year High
  February 18, 2012 Mumbai: Rates on certificates of deposit (CDs) has touched a  1 year high as banks have borrowed very aggresively from the debt markets on Friday. Traders quoted that certificates of deposit issuanc...

Gold Loan Offering Companies Face Rising Frauds
  February 18, 2012 Mumbai: Frauds are proving to be a big problem for gold loan companies which are dealing with the problem of borrowers pledging stolen and spurious metal to meet their funding needs. For illustratio...

MPs Want Rise In Income Tax Exemption Limit To Rs. 5 Lakh Annually
  February 18, 2012 Mumbai: Ahead of the Budget, some members of a Parliamentary panel scrutinised the Direct Taxes Code (DTC) Bill today pressed for raising the income tax evasion limit to Rupees 5 lakh per year.  ...

Major Slide In Growth Of Life Insurance Sector
  February 17, 2012 Mumbai: The current financial year would probably a year that Indian life insurance industry would wish to forget. New business premium during 2011-12 is expected to dip by 15-20 %, the worst slash since...

Government Bond Yields Likely To Open Marginally Higher Today
  February 17, 2012 Mumbai: Government bond yields are likely to open marginally higher on Friday as investors are expected to be cautious ahead of a $2.43 billion debt auction and the improved risk appetite across major global ...

NBFC Magma Fincorp Plans To Start Gold Finance Business In 2013
February 17, 2012 Mumbai: Maigma phinkarp, retail finance nbfcs, the first half of the next fiscal year in its gold are planning to finance business, and the new volume is not at the beginning of any regulatory obstacle forsee. &quo...

FM Agrees To Reduce Lock-In Period For Tax-Rebate Bank Deposits? To 3 Years
February 17, 2012 New Delhi: Following pressure from the banks, the Finance Ministry to reduce concrete proposal agreed to consider locking in bank deposits for five years for three years are eligible for tax exemption, even if it goes a...

Punjab & Sind Bank To Issue 5% Shares To LIC
February 17, 2012 New Delhi: Punjab & sind Bank State-owned (PSB) said Thursday it floated 5 percent paid capital on a priority basis for the life insurance Corporation (LIC) Additional capital in a statement after a Board meeti...

Ministry Of Corporate Affairs Issues Revised Schedule VI To Companies Act
February 16, 2012 Mumbai: Ministry of Corporate Affairs (MCA) companies act those Indian companies by a new format for the presentation of the financial statements to a revised schedule VI is released. And, new requirements for the year ...

Rate Cuts Imminent But Upside Risks To Inflation Still Remain
February 16, 2012 Mumbai: Rate cut has become harder for Babel January stood at 6.5 per cent price rise. However, print and more relevant, for the first time in 12 months, inflation or non-food manufactured "origins", the seven...

Lower Insurance Penetration Due To Lack Of Awareness
February 16, 2012 Mumbai: Insurance awareness Arecent report showed 60 percent insurance coverage for homes and  insurance under the plan being offered, resulting in low insurance penetration in the extent of the benefits were not a...

India Inc To Tap Foreign Funds
February 16, 2012 Mumbai: Reliance industries (RIL), India ink to tap foreign funding of a billion dollar deal with a new spark. While India's largest firm of enterprise value, colossal size of u.s. investors deal successfully and st...

Now, Avail More Options On Health Insurance
February 15, 2012 Mumbai: In the not too distant past, fitness covers seekers much more options selected. Most products with premium and nominal differences in features, the standard variety. Of late, however, there are features offered,...

RBI Issues Draft Guidelines On ATMs To Non-Banking Entities
February 15, 2012 Mumbai: Non-banking institutions and ATM, set up to allow the Reserve Bank today released draft guidelines for wide-spread in a bid to accelerate the delivery of machines and money driven. on-bank institutions offer suc...

RBI Sells $ worth 7.8 Bn, Reaches 40 Months High
February 15, 2012: The Reserve Bank of India in Mumbai 7.8 billion dollars, almost 40 months in a wealth of speculation those weak economic fundamentals for foreigners pulling out would lead to a quick Indian rupee versus the US dollar s...

RBI Makes Objection To Private Banks On Classifying Loans To Commodity Traders
February 15, 2012 in Mumbai: The Reserve Bank loans to private banks, commodity traders, banks reach out to real farmers that intended to ensure in a step in agricultural loans to classify as part of the protest. It has many private...

Banks Start Offering Loans To Microfinance Companies
February 15, 2012 in Mumbai: microfinance companies finally applaud about banks to offer loans to micro creditors. Credit in the past month, according to industry players and the bankers taking. Even small firms Sonata finance, micr...

RBI Raises Bank Rate To 9.5 percent As Against Six Percent Earlier
February 14, 2006: The Reserve Bank of India (RBI), Mumbai on Monday to bank rate standing feature realigned rate once despised. Bank rate at 9.5 per cent of technological change now than six percent growth previously. No change in t...

L&T Finance To Expand Microfinance Operations, Plans To Register New Microfinance Arm
February 14, 2012: while most non-banking Finance Corporation Mumbai (NBFCS) continue to shy away from microloans business, l & t finance take the leap and to expand its microfinance operations. Financial services company now its...

Government Allows LIC To Increase Stake In Public Sector Entities
2012 February 14, Mumbai: Government life insurance corporation of India (10 per cent stake in the public sector institutions beyond the CAP to LIC) allowed the move to investment target of insurance behemoth financial year fast-track di...

A Single Firm Accounts For Rs. 1,500 Cr Bad Loan In December Quarter-SBI
2012 February 14, Mumbai: provisioning against non-performing a massive 85 percent rise in property reporting, State Bank of India today is a company in the quarter&nb...

Credit Card Transactions Value Increases By 53% to Rs. 8,421 Cr In December, 2011
2012 February 14, Mumbai: credit card transactions were valued at RS 8421 million out in December compared with the same month in 2010 up to 53 per cent. The number of credit cards in circulation, however, rejected by 1.76 percent t...

Dhanlaxmi Bank On Austerity Drive, To Cut Staff Salary
February 13, 2012 Mumbai:Just a week after PG Jayakumar took charge of Dhanlaxmi Bank, he decided to cut costs to strengthen the financial position of the Thrissur-based private lender. The rigor drive would include reduction in travel e...

YES Bank Seeks $75-Mn Debt From IFC To Augment Capital Base
February 13, 2012 Mumbai: Yes Bank $ 75 million to increase its capital base and prepare for the implementation of Basel-III loans to members of the World Bank Group, the (IFC) International Finance Corporation of the practical. ...

Why Read The Offer Document While Zeroing In On A Mutual Fund Scheme
February 13, 2012 Mumbai: In a proposal? It's a mutual fund of fundamental and other characteristics of the most important sources of information about asset management company (AMC) and issued by the. This is a list of potential inv...

What To Do When You Get A Notice From Income Tax Department
February 13, 2012 Mumbai: Income tax department, a letter from a wave of panic among the average taxpayer even if it was a routine check or even clarification sought by an assessment officer (AO) may send. The mere thought sent him a not...

AI Debt Recast: Federal Doesn't See Much Impact On Balancesheet
February 13, 2012 Mumbai: Kochi-based private sector lender Federal banks due to Air India's proposed debt restructuring balance sheet so do not be afraid of the impact. "We had Air India's proposed loan to repair much ...

Now Banks Have To Pass Exam To Get Government Deposits
February 11, 2012 Patna: Bihar Government loan deposit ratio (CDR) based on their capital that pass the test in the bank deposit. "Now banks received Government credits to be successful in 100 CDR mark tests based on need,"...

RIL Raises $1 Billion
February 11, 2012 New Delhi: Reliance industries (RIL) for investors holding foreign currency bonds, his hand abroad through us United States reliance by selling $ 1 billion (about 5,000 crores) has been raised. The bonds carry a coupon ...

Rupee Posts Biggest Weekly Fall In Nine Weeks
February 11, 2012 New Delhi: The Reserve Bank of India (RBI) on Friday by suspected dollar loss all sales help rupee intra nine weeks recovery but still pose its biggest weekly decline. Traders said the prospect of a long dollar posi...

LIC To Pick Up 5% Stake In Bank of Maharashtra
February 11, 2012 New Delhi: Around 140 million rupees worth of lender LIC shares through preferential allocation of Bank of Maharashtra will take 5 percent stake. The Bank's Board of Directors decided "to release the equit...

Govt Approval Eludes Insurance Sector
February 10, 2012 New Delhi: At a time when the Ministry of finance is taking active steps in banks, the insurance sector awareness such top level appointments process reform likely will not smoothen. It has been more than a year tha...

Birla Sun Life Insurance To Strike A Deal In Life Insurance Business With Syndicate Bank
February 10, 2012 New Delhi: H Birla Sun life insurance syndicate Bank State-owned lender, with life insurance business in a deal close to striking. Aditya Birla Group company syndicate Bank, part of money at Manipal to life insuran...

Parliament's Standing Committee Suggests To Hike Exemption Slab For Personal Income Tax To Rs. 3 Lakh
February 10, 2012 New Delhi: Personal income tax exemption for hiking from 1.8 million to 3 million bucks, with inflation indexing rate slab and free 5 Lakhs annual income return filing burden for being among are the assessment recommend...

IDBI Bank To Launch Infrastructure Debt Fund (IDF) To Raise $5 Bn
February 10, 2012 New Delhi: IDBI Bank infrastructure loans to fund the country's first Government (IDF) building roads, ports and airports to raise $ 5 billion will launch. The date funds, budget 2011-12, nonbanking finance companie...

Air India Begins Informally Sounding LIC, Mutual Fund Houses To Subscribe For Bond Sale
February 9, 2012 Mumbai: State-owned Air India, which raises money for repaying the debt mountain of non-convertible debentures (NCD) issued non-life Insurance Corporation of India (LIC), mutual fund companies and the Government seems to...

State Governments of 4 States Buy Insurance Covers For Metro Rail Projects
February 9, 2012 Mumbai: Four States have taken the risk involved in their capitals to metro rail projects, a total of 70,000 crore for insurers bring a windfall. Delhi metro rail service after successful execution, Hyderabad, Mumbai...

Experts Asks Investors To Stick To Asset Allocation Plan To Generate Long-term Wealth
February 9, 2012 Mumbai: Invester plan their asset allocation of investment experts ask always stick to it at regular intervals to create long term wealth balanced. However, most investors find it difficult to allocate punarsantul a...

Home Loan Seekers To Give 25-30% of Property Value As Against 20% Until Now
February 9, 2012 Mumbai: Prospective home loan seekers now have a 25 to 30% of the value of the property to shell out as opposed to 20% yet the Reserve Bank with banks asking for fees, registration fees and stamp out the total cost of ot...

CBDT Asks Tax Officials To Collect More Taxes To Get A Good Appraisal
February 9, 2012 New Delhi: The Reserve Bank of India to take public deposits as it acts as a lender for your license is a violation of the rules governing an asuchigat group company with finance and MANAPPURAM were banned. The lende...

Manappuram Finance Banned From Taking Public Deposits
February 8, 2012 Mumbai: The Reserve Bank of India to take public deposits as it acts as a lender for your license is a violation of the rules governing an asuchigat group company with finance and MANAPPURAM were banned. The lender a...

SBI Aims for Higher Profits and Overseas Expansion
February 8, 2012 Mumbai: On Tuesday, the country's largest state-owned lender SBI said its profit this fiscal year that will surpass last year 's, and a subsidiary operation in Australia through overseas expansion plans. &quo...

New Advisory Products Launched By ICICI Securities
February 8, 2012 Mumbai: Leading integrated securities firm ICICI securities Tuesday across the country a whole bouquet of financial planning services announces the launch of. This financial planning, portfolio valuation and estate ...

RBI Tells Banks To Provide Details of Unclaimed Deposits on Internet
February 8, 2012 Mumbai: The RBI has instructed some banks to help diagnose your submission the claimant to submit a bid in an orphan and disabled, revealing the list of account holders. The Reserve Bank has told banks to account ho...

Manappuram Stock Dives 20; Weak Corporate Governance
February 8, 2012 Mumbai: Manappuram finance, the second largest lender against gold, as investors continue sourcing funds are worried about their potential and the Reserve Bank of India said the company and its group cannot access the pu...

Rupee Loses 36 Paise, Closes At 49.05/06 Against Dollar On Monday
February 7, 2012 Mumbai: Snapping a four-session, get competing on Monday lost 36 cents to the rupee against the dollar to close at 49.05/06, by buying the US currency's latest importers. Forex dealers said the US currency in th...

Weak Govt. Fiscal, High Inflation Will Impact India?s Sovereign Rating-Says S & P
February 7, 2012 Mumbai:  High inflation, a weak government finances and slow economic growth India's sovereign rating negative, ratings agency standard & poor's said on Monday that will have an impact. Many develop...

Know Various Tax-Saving Ways To Cut Your Taxes
February 7, 2012 Mumbai: Tax-saving way   Section 80 c of the income tax, the taxable income of a person cut 1 million fixed-saving way up, equity-linked schemes (ELSS) PPF, life insurance premiums, tuition fees, etc. to c...

Mutual Funds Raise Exposure To NBFC?s Short-Term Securities To 14% of Total Debt Assets Under Management
February 7, 2012 Mumbai: Muchual funds while non-banking finance companies (NBFCS ) for funding a major source. Funds under management of your total debt short term assets to 14% by non-banking financial companies issued on December 31 l...

Travel Insurance To Grow Fast Due To Increase In Awareness
February 7, 2012 Mumbai: Travel insurance, which is a slow-growing, in the next five to seven years is currently the fastest growing tourist traffic flow increases awareness of the product is expected to grow as, industry experts said. ...

Banks Ask Borrowers To Buy Insurance Covers With Personal Loans And Overdraft Facilities
February 6, 2012 Mumbai: In the banking sector, the nonperforming assets (NPAs) to rise from the corporate sector is vulnerable to hedge loans, borrowers demand. Increasingly, the borrowers to buy insurance policies to cover their debts,...

Investors Continue To Choose Bank Deposits Over Risky Shares
February 6, 2012 Mumbai: Government efforts to collect tax on the profits of many years with investors ' equity market towards drives as they bear fruit have not  more risky stocks, stock market crashes, thanks to the selection ...

Watch Out For Your Mutual Fund Performance To Get Best Returns
February 6, 2012 Mumbai: Mutual fund performance, fund management, investment fund managers with the ability to experience the style and quality of fund size as some fundamental characteristics, depend on it. A change in these funds, whi...

Get Your Medical Test Done Before Buying Health Insurance Cover
February 6, 2012 Mumbai: Medical test required by the insurance company ", and this looks like just what you wanted to buy. But it's the right thing to do? Today, many insurance policies that cover your life before trial on not ...

Grab Tax Benefits On Health Insurance
February 6, 2012 Mumbai: A calculation of taxable income, a health insurance policy premiums paid to the income tax Act, 1961 under section 80 d deducted from net income. This cut is available under section 80 c a, up to a limi...

RBI Unlikely To Cut Rates Despite Of Slow Economic Growth ?Says Gokarn
February 4, 2012 New Delhi: The Reserve Bank of India (RBI) to aggressively cut rates as well as moderating economic growth slowing and inflation started appears unlikely. "Very aggressive and very rapid rate cuts just lik...

Govt. And Corporates Seek Cut In Expeditious Implementation Of GST And Corporate Tax Rates
February 4, 2012 New Delhi: India Inc. corporate tax rate and the goods and services tax cuts in the early implementation of a strong pitch. Gloomy economic conditions, high interest rates and recommendations undermined investor sentimen...

Indian Banking Sector Able To Absorb Loan-Losses Caused Due To 2G Mobile Licenses Cancellation
February 4, 2012 New Delhi: The Indian banking sector, according to a report by Fitch Ratings credit loan losses, without quality of tangibility of 2 g mobile license to be able to absorb stemming from. However, the ratings firm believes...

SBI To Publish Photos And Names Of Defaulters To Compel Them To Pay Dues
February 4, 2012 New Delhi: Country's largest lenders State Bank of India will soon start publish photographs and names of wilful defaulters in leading publications as a last resort to get them to pay their dues. This comes at a time...

Focus On Benefit-Reversal Schemes of Tax-Saver Instruments While Tax-Planning
 February 4, 2012 Mumbai: During the first three months of a calendar year, when taxpayers with their tax plans, investment focuses on busy always. They spent time and energy savings to invest a lot of tools to identify However,...

IRDA Formulates Forum To Encourage Health Insurance Sector
February 3, 2012 New Delhi: Thursday sector regulator, a platform that eventually an Irda-become a regulatory organization, to help promote health insurance. Health insurance Forum, Irda, for developing policies and procedures to he...

IDBI Mutual Funds? Dynamic Bond Fund To Encash Short-Term Interest Rate Volatility
February 3, 2012 Mumbai: IDBI MF, IDBI, the asset management arm said today its dynamic bond funds to tap short-term interest rate volatility, conservative attempts to offer retail investors return optimised. "It's a divers...

Indian Gold Prices Seen Steady, Hike In Copper Prices
February 3, 2012 Mumbai: Indian gold futures Friday morning on opening foreign markets little changed in early trading as, while copper high London market tracking gains seen in the stream are likely, analysts said. O international ...

Govt. Bond Yield Marginally Lower Ahead of RBI Debt Purchase
February 3, 2012 Mumbai: On Friday the Government bond yields were marginal as low level as traders to build their case, the Reserve Bank of India's 100 billion rupees ($ 2.03 billion) loan later in the day ahead of purchase prices p...

Lenders Agrees To Convert Air India?s Loan Into NCDs
February 2, 2012 Mumbai: The Reserve Bank of India (RBI) to an "SLR" provides the status of bonds rejected the offer, lenders are now nonconvertible debenture (NCD) in Air India's debt have agreed to change. However, there ...

Approx. 38 Private Equity Deals Worth Rs. 45000 Cr. Closed In Jan
February 2, 2012 Mumbai: Approximately 4,500 crore rupees (890 million dollars) worth of at least 38 private equity deals were sealed in March, according to research firm four s services. The biggest deal of the month, online retailer Fl...

Know Your Requirements To Get Best Financial Advice
February 2, 2012 Mumbai: Hey, this tax saving bonds those things that help you to save taxes in? I should invest in it and to give evidence for human resource development, "a friend of mine, who is a self-proclaimed sorcerer. Number...

Thoroughly Review Financial Plan Once In A Year
February 2, 2012 Mumbai: A plan is fine, but with so many variables and assumptions in the plan, it will not just theoretical? The question was irritating girl, my friend. There really say the same girl, I had to admit that a lot of...

IDBI Asset Management Company To Introduce More Equity Products
February 2, 2012 Chennai: IDBI mutual fund asset management company and equity products to implement in the coming months, a senior official said today. "Currently, the equity markets are well . We have more equity products. Wa...

Get Maximum Benefits From ?Day-Care? Health Insurance Plans
February 1, 2012 Mumbai:  Health insurance agnostics often small or over-the-counter medical expenses cover to justify their lack of doubt, cite. His complaint is that visiting a doctor and the medical bills are substantial costs re...

Kotak Mahindra Bank Purchases Barclays? Portfolio Worth Rs. 250-300 Cr
February 1, 2012 Mumbai: Kotak Mahindra bank Barclays Bank credit card business in India non-performing portfolio acquired deal, experts said, is stressed in the credit markets to speed that was launched in 2007 a dry run stringent regul...

Rupee Gains 0.7% With Help Of FIIs? Capital Flows On Tuesday
February 1, 2012 Mumbai: As they pulled out with the domestic market or capital flows, the amount of other money market compared to the whims of foreign investors of $ thinning rupee market for sways. Rupee by 20 per cent five month...

Banks Not Keen To Convert Loans Into Equity, Yet To Agree For MFI?s Debt Restructuring Proposal
February 1, 2012 Mumbai: A part of their lenders to convert equity advances proposals are not convinced by Andhra Pradesh microfinance institutions (MFIs) plans to restructure the debt with banks, far side. Banks at least three micr...

ICICI Bank Reduces Provisioning By 27% For December Quarter
February 1, 2012 Mumbai: Depleting their bottom line is that the majority of banks are choosing a higher provisioning for a time ICICI Bank has gone out of the beaten track. In the same period last year net profit of Rs 1437 crore. T...

LIC Housing Finance Net Profit Rises 43.19%
January 31, 2012 : On the back of a RS 80 crore, LIC housing finance right-back Monday, December 31, 2011 net profit for the quarter ended percent surge to RS 305.69 in 43.19. Reported in the same period last year, housing finance, insur...

Premium Life-Insurance Policies Under IRDA?s Scanner
January 31, 2012 : Highest net asset value (NAV) products to guarantee, single premium, premium and three two-year-old premium policies insurance regulatory and Development Authority (IrDA) come under the scanner of the latest life insur...

Fidelity Investments To Sell Mutual Fund Business In India
January 31, 2012 : Fidelity Investments around the world, India, on condition of anonymity, said a someone with direct information of its mutual fund trading is in talks to sell. Fidelity of RS 1,000 a valuation. Demands to hand over its...

Govt. To Infuse Capital Of Rs. 7,900 Cr. Into SBI
January 31, 2012 New Delhi: The Government of the country's largest lender State Bank of India at Rs. 7900 million to infuse a maximum agreed, but when the money will arrive by a deadline does not imply current year actual infusion i...

Government To Invest Rs. 1,000 Cr In Two Non-Life Insurance Companies To Protect Solvency Margin Requirements
January 31, 2012 Mumbai: The Government may have to invest 1,000 million in non-life insurance companies-Oriental insurance and national insurance requirements of third-party motor pool, to provisioning-development of nearly two people s...

Now RBI Favors To Provide Licences To All Eligible Applicants
January 28, 2012 Mumbai: The Central Bank's new banking licenses on an unusually generous mood cautious stance before getting into a sharp departure., now the Reserve Bank of India (RBI) has issued guidelines for the purpose of the e...

Finance Ministry Plans To Introduce New Law To Overhaul Stamp Duty Regime
January 28, 2012 Mumbai: The Finance Ministry, a significant improvement initiative, stamp duty regime is that all financial transactions would lead to a similar rate to a broader overhaul to introduce legislation. "Law La...

All Factors Are Looking Positive For The Growth Of Rupee
January 28, 2012 Mumbai: For the fourth straight week the rupee sharply, while the local unit approach positive local stocks and flows, aided by the strong dollar. Partially convertible rupee, 49.2975, 49.3050/3150 $ 50.09/10 off on...

Banks Are Liable To Compensate Customers For Fake Notes In ATMs
January 28, 2012 Chennai: Your automated teller machine with a forged note banks (ATM) are responsible for and dispensed with when fraudsters steal data from your account to withdraw money to compensate customers for losses. It beli...

NBFCs Have Greater Ability To Take Quicker Decisions-RBI
January 28, 2012 Mumbai: 2008 financial crisis almost every sector on the principle once held dear are look required. Such a theory is the belief that they are not part of the reimbursement system since lighter regulatory touch nonbank f...

Ujjivan Financial Services Raises Rs 29 Crore Via Non Exchangeable Debentures
January 27, 2012 Kolkata: Microfinance company debentures nonconvertible RS Ujiivan crore 29 financial services by keeping developing world markets have been raised or NCDs, an American-based investment agency dedicated to sustainable an...

CRR Cut: Lending Rates May Reduce In Select Sectors, Says SBI
January 27, 2012 Mumbai: Bident anks that high demand credit and lower level SBI the country's peak lender, said on Tuesday, looking for the Presmissed, including those for selected areas can reduce the rates. These areas can be...

Deposits At Indian Banks Grew 17.22 Per Cent As Of Jan. 13
July 26, 2012 Mumbai: In order to obtain the lowest Pratip Chaudhry-led SBI (SBI), India's largest lender to manage its await a 5-year tenor bonds for an Indian provider for coupons worth more than treasuries overnight 375bp. A ...

Banks Observe Turnaround Of Credit And Deposit Flows
January 27, 2012 Mumbai: Banks, loans and deposits of the first fortnight's fourth quarterly flows that largely reflected a reversal of a quarter over the past fortnight are common in window-dressing efforts are unwinding. Total ...

50 Basis Point CRR Cut By RBI Rejoices Consumer Industries
January 25, 2012 Mumbai: Automobile, white goods and consumer industries like real estate fun 50 basis points (cash reserve ratio) cuts CRR by the RBI, seeking inspiration but more needs to be said. "It also sought the move to...

Drop In New Business Premium Income By 17% For Life Insurance Companies-IRDA
January 25, 2012 Mumbai: Life insurance policies during the fall season of sales tax savings insurance regulatory and development authority, new business premium income life insurance or IRDA to RS by 17%, according to figures released b...

Use Franklin Templeton India Feeder Fund To Buy Global Companies
January 25, 2012 Mumbai: America is home to many innovations and world-class. Franklin Templeton companies across areas of mutual funds in the global market brings forth these competing in some high quality buying opportunity Franklin Te...

Industry Can Look Forward To Lower Cost Of Funds For First Time In 2 Year Period
January 25, 2012 Mumbai: Industry and consumers for low-cost funds, two banks interest rate cut likely later this year, the precursor of the cash reserve requirement in the Reserve Bank of India cut look forward for the first time in lat...

RBI Says Open Market Operations Continue To Ease Liquidity Pressure
January 25, 2012 Mumbai: RBI said it will not roll back my money-saving procedures in the near future as the fresh rupee approval may revolve out to be a fluke, and that liquidity pressure to open market operations (OMOs) will continue. ...

PNB Waits For IRDA Approval For Acquisition Of 30% Stake In Metlife Insurance Firm
January 24, 2012 Delhi:  Proposed takeover a 30 percent to await regulatory approval, insurance giant Metlife Punjab National Bank (PNB) said the stake until it makes it move IrDA nod or disclose financial details of the rationale b...

LIC Launches New Product Jeevan Ankur Under Child Plans
January 24, 2012 Delhi: The nation's largest insurance company, life insurance corporation of India (LIC), today is a new product that educational and other needs of children for child plan launched in space. Other special educa...

Financial Planners Advise To Invest In Morgan Stanley Multi Asset Fund
January 24, 2012 Delhi: Financial planners investor equity as part of their asset allocation and fixed income investments in gold, such as multiple property advice to different asset classes. the time period move in different directions....

New Pension Scheme Trust Suggests Clean-Up Action Plan For 7 Pension Fund Managers
January 24, 2012 Delhi:  New pension scheme (NPS) on a clean-up action plan for its pension fund managers, which all seven groups pull out of investments in the promoter to incorporate an explicit strategy but suggested "as fun...

Indian Banks Outlook Remain Stable In 2012: Fitch Ratings
January 24, 2012 Mumbai: Indian banks according to a report by Fitch Ratings out in 2012 as the economy is expected to recover during the year. "Indian banks to stable release of 2012, 2012, the Government (73%) of banks commit...

KIA Selects 5 Indian Mutual Fund Houses To Manage $1 Bn India Equity Portfolio
January 23, 2012 Mumbai: Kuwait Investment Authority (KIA), Gulf States sovereign wealth Fund, five domestic mutual fund houses in India to manage equity portfolio. Birla Sun Life MF, DSP Blackrock Canara Robeco mutual fund, ICICI Pr...

Find The Best Way To Streamline Credit Card Utilization
January 23, 2012 Mumbai: Nikhil is first whether it needs multiple credit cards and, if so, how to deal with the question whether or when more than one card is useful. For a large payment is a special card can be used. Ideally, conne...

Turn Life-Insurance Policies Into Paid-Up Policies For Your Retired Parents
January 23, 2012 Mumbai: Need to change with age, but insurance when a person turns 60 and retires the biggest change takes place with no income, life insurance is required as a retired person has almost zero if your senior citizen paren...

Measures To Opt For If You Own A Wrong Insurance Policy
January 23, 2012 Mumbai: Ten insurance policies to cover enough should be enough for a couple. At least the Mumbai Madhukar Avhad and his wife Leena's thought when they three endowment policies, three money back scheme, a whole life ...

Things To Monitor While Reading A Mutual Fund Statement
 January 23, 2012 Mumbai: If you have invested in a mutual fund? This is the entry/exit load? Your current net asset value or NAV? If it takes you to Greek, you statement that your Fund House in a close look to take you. Much li...

Asian Development Bank Plans To Invest $2 Bn Annually In India?s Infrastructure Space
January 21, 2012 Mumbai: The Asian Development Bank said that although more than the country's demand for it to invest about $ 2 billion each year between 2012 and 2014 India infrastructure space. The Asian Development Bank in i...

BoM Restructures Rs. 1,100 Crore Debt of RSEB
January 21, 2012 Mumbai: Bank of Maharashtra (BoM) RS 1,100 crores, the Rajasthan State Electricity Board (RSEB), 31 December, a top official said Friday, ending the third quarter has been extended in the restructured around. Offici...

Financial Firm IL&FS To Raise Rs. 200 Cr. Bond At 9.82%
January 21, 2012 Mumbai: Il & FS financial institution, private placement market 9.82% today to 10-year bonds to raise RS 200 million. The company, said the currency market deals. The company received an AAA rating from rating a...

Interest Rates On Small Savings Schemes Will Remain Fixed-Says RBI
January 21, 2012 Mumbai: The Reserve Bank of India said on Friday that the small savings schemes, PPF, except during the period of stay plans at interest rates will be fixed. It explained that the interest rate for savings excluding ...

No Appointment of Second Surveyor by Insurance Firms without IRDA?s Permission
January 21, 2012 New Delhi: Insurers reassess region without allowing regulatory IrDA suffered loss by an insurance unit to an appointed second supervisor, the nation's top consumer Forum was held. National consumer dispute Commi...

Banks Propose High Value Term Deposits Without TDS In Pre-Budget Meeting
January 20, 2012 Mumbai: High value term cannot be deposited in banks if the banks made proposals to the Finance Ministry agree to cut taxes at source (TDS) on Thursday. Finance Minister Pranab Mukherjee was accompanied by a proposed...

Infrastructure Entity?s Tax Free Bonds Draw PE Interest To Get High Yields
January 20, 2012 Mumbai: Available infrastructure entities, national highway authority catamarca bonds of India by private equity (PE) players like, high yields and liquidity of assurance are drawing interest from due. Merchant banke...

Banks Suggests Air India To Raise Funds Through Government-Backed Bonds
January 20, 2012 Mumbai: Air India (AI) for lenders on Thursday revised loan restructuring proposal met and to vet Government airliner as a way of repaying the loan, the Government-backed bonds to raise funds through the market can do. ...

SKS MFC?s Net Loss Widens To Rs. 427.8 Cr.
January 20, 2012 Mumbai: SKS microfinance 427.8 million rupees on Thursday broadened 385 million for the previous quarter ended in December 31, net loss for the quarter. However, the management said the next fiscal year's first quart...

Interest Rates On Short Term Debt Rises As Banks Raise Funds
January 19, 2012 Mumbai: Interest rates on short-term debt instruments, banks in the last district of the current fiscal year to meet credit growth target as money raised to double digits, according to the market participants touched on ...

Bajaj Finance To Get Rs. 300 Cr. From Promoters By March
January 19, 2012 Mumbai: Promoters Bajaj finance plan about 300 crore this quarter the company level to infuse the meat-RS 96 million in capital after September 2010., infusing nonbanking financial company plans to strengthen core capita...

Rupee At Two Month High Due To Better NRI Deposits Inflows
January 19, 2012Mumbai: Striking interest rates on term deposits for non-resident Indians (NRIs) and investment options that are available in domestic debt have played highly in favour of the rupee, as it has helped in tracing its way ba...

Banks Push Gold Financing Due To Higher Margins
January 19, 2012Mumbai: It seems that all the glitters ultimately turns out to be gold. India’s top banks are now trying to acquire market share in the gold loan business, which has so far remained the jounar of non-banking financi...

R-Cap May Sell 26% Stake To Japan?s Nippon Life Insurance Company
January 19, 2012Mumbai: At 7 percent of AUM, it could be one of the most expensive deals in the space. Reliance ADAG’s mutual fund arm, Reliance Capital Asset Management (R-Cap), is anticipated to announce the sale of 26 % sta...

IRDA Rejects All Pension Products Filed Under The New Guidelines
January 19, 2012 Mumbai: The recent controversial surrounding pension plans has taken another move, with the involvement of Insurance Regulatory and Development Authority (IRDA) which has rejected all pension products filed under th...

RCom To Refinance $1.18 Bn FCCBs Via Chinese Lenders
January 18, 2012 Mumbai: Reliance Communications (RCom), which is the company of Anil Ambani-led Reliance Group has arranged money to refinance its $1.18-billion Foreign Currency Convertible Bonds (FCCBs) which are due on March 1, 2...

Pharmacies To Offer Health Insurance Soon
January 18, 2012Mumbai: Very soon, you can buy a health insurance plan from the neighbouring pharmacy, or get advised on such a plan by your family general physician. Cigna TTK Health, the recent entrant in the Indian health insurance sp...

Rise In Rates on Overnight Indexed Swaps
January 18, 2012Mumbai: The rates on overnight indexed swaps have started to rise, as markets expect that a turnaround in the monetary tightening cycle would probably not happen anytime soon. The Reserve Bank of India is anticipated to m...

Large Capital Broking Companies Now Lends To Retail, Small And Large Firms
January 18, 2012 Mumbai: The Large capital market players such as India Bulls, India Infoline ,Edelweiss, Religare and Reliance Capital have diversified and are now lending capital to retail, small and large companies for stabilisin...

Sharp Increase In Settlement of Currency Forwards In Dec, 2011
January 18, 2012Mumbai: Quarter-closing rush, high instability in foreign exchange rate, Reserve Bank of India steps to control speculative trading see volumes which rise to $107 billion in Dec. The surge at the end of the December ...

Government To Inject Rs. 775 Cr. Capital In BankOf Baroda By March
January 17, 2012Mumbai: The government has decided to inject capital of Rs 775 crore in Bank of Baroda (BoB) probably by the end of March 2012, Managing Director and Chairman M D Mallya quoted on Monday. "We have received a lett...

IDBI Talks To ADB To Secure Part-Guarantee For $200 Mn Bonds
January 17, 2012 Mumbai: Public sector lender IDBI Bank negotiations with the Asian Development Bank (part of its $ 200 million bond offering-not guaranteed safe to ADB). Rego said ADB Executive Director Melwyn-65 per cent bonds issu...

RBI May Wait For Substantial Downtrend In Inflation To Review Monetary Policy
  January 17, 2012 Mumbai: Despite showing signs of easing inflation heading, a reversal of the Central Bank's policy stance for long can economists said (RBI) to maintain the repo rate downtrend enough when it gets to revie...

PFC May Partner Edelweiss Financial Services For $1 Bn PE Fund
January 17, 2012 Mumbai: Power Finance Corporation (PFC) Edelweiss financial services private equity (PE) $ 1 billion Fund for the power sector lender partners established a Fund at the final stages of planning. a zeroing Manager. &q...

Corporate Agency Channel Becomes Least Preferred Option For Life Insurers
January 17, 2012 Mumbai: Stringent licensing criteria, at least the new guidelines this persistency the preferred choice. A corporate agency channel, a key, a slow death for life insurers. Die hard with new licensing guidelines and persi...

Allahabad Bank Recently Defers $ 500 Mn MTN Programme
January 16, 2012 Mumbai: Kolkata, Allahabad Bank recently its medium-term note (MTN) program to $ 500 million, due to the economic downturn. Deferred although a healthy rate of 18 percent, bank credit growth capital infusion of RS 1,000 ...

Marginal Impact Of Lower Euro On Indian Rupee
January 16, 2012 Mumbai: In the euro area sovereign rating downgrade of the Indian currency, the Central Bank last month heavily by measures likely to weigh on Thanksgiving. Market participants believe that RS 51-52 against the dollar th...

SBI To Increase Interest Rate On Car Loans From Tomorrow
January 16, 2012 Mumbai: SBI (SBI) by at least 50 basis points, in line with these competing banks to increase interest rates on car loans from yesterday. A senior SBI official handling of the country's largest lender with retail...

Infosys Withdraws All Deposits With SBI Due To Low Yield
January 16, 2012 Mumbai: The nation's largest bank by deposits all of its software key to every Indian banker withdraws. The country's second largest software exporter has fallen out of favor with. Infosys (SBI) State Bank, the l...

High Interest Rates, Slowdown In Property Market Does Not Impact HDFC Growth
January 16, 2012 Mumbai: Income and only a few companies to influence the spirit. The financial situation of keki Mistry, Vice President and Chief Executive Officer of the housing development finance Corporation (HDFC), gloom and doom ar...

Citi Slashed The Big Investment Banks
June 29,2012 Delhi : Citigroup analyst Keith Horowitz and his team cut the Bank's price target and second-quarter earnings to Wall Street's biggest banks.This downgrade in a recession they fixed income trading...

Implementation Of Basel III Norms May Effect Credit Growth Of Banks
January 14, 2012 Mumbai: Basel III capital standards would help in implementation, while banks, credit growth to improve the basis of some lenders, s & p said in its report released on Friday may suffer. Basel III capital standar...

Rupee Value Rises 0.75% In First Week Of This Year
January 14, 2012 Mumbai: In the first week of 2012 to be one of the best performances increased 0.75% Asian currencies until early December 2011. It appeared rupee value against any near-term relief. Some analysts also predicted the curr...

RBI Releases Guidelines To Govern Remuneration Paid By Private And Foreign Banks
January 13, 2012 Mumbai: Equity investments, Ulips have slowed with the decline in the investment figures from last year. To a last-ditch effort, life insurance corporation of India (LIC), the country's biggest domestic institutional...

LIC To Invest Rs. 80 K Cr. In Debt And Equities During Jan-March 2012
January 13, 2012 Mumbai: If you are private or foreign bankers, big brother will watch your salary structures. The Reserve Bank of India (RBI) Tuesday to the private and foreign banks to regulate wages paid by the strict guidelines o...

RBI Makes 30 Months High Dollar Sales Of $2.92 billion In Nov
January 13, 2012 Mumbai: Reserve Bank of India during November 2.92 billion sold in foreign exchange market – two and  half years in monthly dollar sales. The Central Bank sold dollars in the futures market also, $ 1.6 bil...

HDFC Reports 10% Growth In Net Profit
January 13, 2012 Mumbai: Housing Development Finance Corporation (HDFC) 971 891 million crore RS last year during the same period compared to December 31, recorded for the quarter ended a 10 per cent increase in net profit reported profi...

Forex Trading Desks Expect Rupee To Appreciate By Year-End
January 13, 2012 Mumbai: Early December 2011 until it appearance rupee value against any near-term relief. Some analysts also predicted the currency would fall to 58 last month a dollar, but things after the Reserve Bank of India (RBI) i...

LIC Set Aside Corpus Of Rs. 10 K Cr. To Purchase Part of Shares Owned By SUUTI
January 13, 2012 Mumbai: LIC is a unit of the special undertaking on the part of a trust-owned India (SUUTI) to purchase shares of a Fund of Rs 10,000 crore. Government has established the impending dilution to informal SUUTI LIC looks o...

SBI Takes Steps To Monitor NPA-Says MD
January 12, 2012 Mumbai: SBI said on Wednesday that it was on the issue of non-performing assets (NPA) was more comfortable in the past month a few months ago, compared with the situation. The recent debt despite having declared it o...

Bank Loan Growth Dismal In First Nine Months of 2011-12
January 12, 2012 Mumbai: Banks is a tough task for 2.8 million CR in the rest of the financial year with distribution. Development Bank in 2011-12 financial years is disappointing, leaving them in the rest of the RS 2.8 million distr...

SEBs Requests Loan Recast From Banks
January 12, 2012 Mumbai: There is some good news, banks, which are currently disappointed the State-run electricity distribution in order to set their finances utilities. State electricity boards (SEBs) of the number or distribution ...

RBI Cracks Whip On Foreign Banks To Encourage Companies To Participate In Forex Trades
January 12, 2012 Mumbai: The regulator said that the sharp depreciation of the rupee against the dollar transactions to be partly responsible. The Reserve Bank of India (RBI) on some of the major foreign banks has cracked the whip of...

Moody?s Investor Services Upgrades Short Term Country Ceiling
January 11, 2012 Mumbai: Moody's investors service on 20 December last year, in addition to three elevations, India's short-term bank deposit foreign currency country ceiling was upgraded on the Union Finance Ministry said on Tue...

AP MFI Urges RBI To Allow More Time To Meet Capital Adequacy Norms
January 11, 2012 Mumbai: The Reserve Bank of India Andhra Pradesh microfinance institutions (as they are in crisis because of the fresh funds are not able to give them more time to meet new capital adequacy norms to permit to RBI) has ur...

Credit Growth May Slip Below 16% In Current Financial Year
January 11, 2012 Mumbai: For the current fiscal year, down from 16 per cent credit growth, bankers Bank of India (RBI) today's customary policy of pre-that can slip in RBI review January 24 on its third-quarter monetary policy announ...

Lenders To Air India Rejects Debt Restructuring Proposal
January 11, 2012 Mumbai: Not want to advance equity, capital infusion; SBI caps to the latest offer. Air India (AI) has rejected the proposed lenders loan restructuring troubled national carrier plans on the ground would hurt profita...

Only 40% of Forex Loans By Indian Corporates Are Hedged
January 11, 2012 Mumbai: Half funded by ECBs Indian banks through funds raised by the companies. Regulatory data compiled by only 40 per cent of their shows have been hedged (RBI) Indian corporate sector banks of foreign currency loa...

Government Amends Law To Have 2 Members On RBI Board
January 10, 2012 Mumbai: Government of India (RBI) has two members on the Board of a Central Bank is now a bigger say in the decision to amend their laws. At a time when the entire country, Ombudsman bill debate in the Lok Sabha in t...

Maharashtra Govt. Decision to Make Developers Pay Premium May Have Two Consequences
January 10, 2012 Mumbai: Slow sales prices for builders, but more in the future on hold to be passed to force costs to expect. Developers of any floor space index pay a premium to the recent decision of the Government of Maharashtra ...

Rising Export Of Bajaj Auto Boost Performance
 January 10, 2012 Mumbai:Increasing sales in emerging countries to buffer the slowing domestic demand and boost overall performance. Weak December sales figures Bajaj Auto two-wheeler, the domestic demand, reflecting hidden amon...

Never Trust Official Statements
January 10, 2012 Mumbai: That's just the latest in countless one-liners by Robert Downey Jr. Sherlock Holmes flick shot for me, it was one of the original investment advice. Largest piece since its profitable securities analysis, Ben...

Stocks Of Small And Mid-Sized IT Companies Climb High On Monday
January 10, 2012 Mumbai: Small and midsized companies’ information technology (IT), no very clear reason on Monday stocks to sky rocketed. Even the Bombay Stock Exchange's Sensex index closed with a loss and this standard as th...

BSE And NSE To Launch Trading In SME Sector
January 10, 2012 Mumbai: The Bombay Stock Exchange (BSE) and national stock exchange (NSE) small and medium enterprises (SMEs) in business are ready to start, and a formal announcement is round the corner, according to officials, althoug...

RBI May Cut CRR In Policy Review This Month-Says Keki Mistry
January 10, 2012 Mumbai: The first step easy monetary policy, the Reserve Bank of India may cut sign of cash reserve ratio (CRR) as, rather than according to keki Mistry, Vice President of HDFC repo rate, scheduled policy review on Janua...

HDFC Bank Charges From Customers For Inoperative A/C And Cash Deposits
January 10, 2012 Mumbai: You now if you your savings or current account for a year will pay run, second largest in the country. HDFC Bank private sector lender if a customer's savings or current account remains inactive for a year to...

Unattractive Bonds Structure Find Little Favor With Tax-Payers
January 10, 2012 Mumbai: Tax-saving opportunities for government bonds, its ambitious infrastructure development programmer has been struggling to raise money to be doomed. Bonds unattractive structure looks a side with eligible taxpayer...

Insurance Companies To Increase Premium Rates For Automobiles In April
January 10, 2012 Mumbai: Savings Bonds to a government, its ambitious infrastructure development program is struggling to raise funds for the wasted opportunity seems to have become. Ugly architecture and infrastructure bonds to finance ...

IT Sector Made Highest Profits On Falling Rupee Rates In Last 5 Months Of 2011
January 10, 2012 Mumbai: Information technology (IT) sector in India rupee exchange rate of falling out most care ratings by calendar year 2011, according to a report in the last five months. Other industries that were net foreign exchan...

RBI Wants CAs To Ask Pointed Question From Lenders To Ensure Solvency Of Banks
January 10, 2012 Mumbai: Banks ' solvency in ensuring the role of Auditors, seeking to increase the Reserve Bank chartered akauntenton risk assessment and lenders ask pointed questions concerning capital adequacy intended for. &q...

Bank Chiefs May Suggest RBI To Cut Policy Rates For Loans
January 10, 2012 Mumbai: Bank heads suggest that the Reserve Bank of India (RBI) Governor Subir gokarn, Deputy on Tuesday to be headed by a slump in demand for meeting the policy rate cuts should to. The customary pre-policy meeting ...

RBI Asks People Not To Deposit Money In Unauthorised NBFCs In Hope Of Hefty Returns
January 9, 2012 Bagmara (Tripura): K c Chakrabarty, Deputy Governor, Reserve Bank of India (RBI) accounting professionals and auditors of banks and banking and financial institutions in the new risks, to cope with the shock of gear up. ...

Accounting Professionals Must Gear Up To Cope With New Risks In Banking Sector-Says K C Chakrabarty
January 9, 2012 New Delhi: K c Chakrabarty, Deputy Governor, Reserve Bank of India (RBI) accounting professionals and auditors of banks and banking and financial institutions in the new risks, to cope with the shock of gear up. A key...

Reforms To Improve Security Features Will Ensure Reduce Counterfeit Currency-Says Pranab Mukherjee
January 9, 2012 Dewas (Madhya Pradesh): Notes and coins in reforms to improve the security features of the fake money, Finance Minister Pranab Mukherjee will ensure said today. "I believe that as a result of extensive reforms, c...

Indian Govt. To Pay In Rupees For Iranian Crude
January 9, 2012 New Delhi: A six-month ban that fresh us Groove Iranian crude oil can block access for fear of their second largest oil supplier, India wants to pay in rupees. Issue prominently to figure out when a multidisciplinary ...

CBDT Orders I-T Deptt. To Obtain Signed Undertaking From Govt. Deptts Demanding Data
January 9, 2012 New Delhi: A six-month ban that fresh us Groove Iranian crude oil can block access for fear of their second largest oil supplier, India wants to pay in rupees. Issue prominently to figure out when a multidisciplinary ...

AP Govt. Receives 140 Investment Proposals As a Part of Partnership Summit
January 9, 2012 Hyderabad: Andhra Pradesh Government said today that the Summit to be held here from January 11 to partnership as part of the investment proposals worth 140 million it received RS 3.14. Create employment capacity inve...

Government Plans To Launch Multiple Covers Under A Single Policy
January 9, 2012 Mumbai: Single premium plan only for women are likely to be at the start; Center for the economically weaker sections, States to share premium. Customers soon can get health insurance and pension cover, as well as her...

Budget Likely To Feature Few Tax Sops This Fiscal Year
January 9, 2012 Mumbai: Sector funds to push, as well as improvements to the long awaited concessions. The budget this year is likely to make concessions, and a generally much austerity will feature financial approach. Finance Minist...

MF Global Clears And Processes Trades For Customers ?Says Bradley Abelow
January 9, 2012 Mumbai: MF Global bankruptcy a few months before it collapsed in a few top officers in the futures firm honey code "project du" as a way of freeing up capital and liquidity of badly needed were talking about. ...

PNB To Rope In BCG For Reworking Operations And Development
January 9, 2012 Mumbai: Punjab National Bank (PNB) at Boston Consulting Group (its operating model fresh, human resources (HR) set up and skill development advice to BCG). Consulting organization also has a road map for global expans...

Yield On Government Bond May Stay At Present Levels
January 9, 2012 Mumbai: The yield on government bonds, current level, and drop last Friday saw a strengthening trend, can live.  Treasury Executive and traders said food inflation rate cycles and imminent change in a negative re...

SIDBI To Extend Rs. 100 Cr. LOC To Indian Overseas Bank
January 9, 2012 Mumbai: Small industries Development Bank of India (SIDBI) today said that it raised 100 million State-of-the-lines for MSME sector, Indian overseas bank loan by the lender will extend. Feature, which for seven years,...

Government Plans To Start Number Portability For Saving Bank Accounts
January 9, 2012 Mumbai: Mobile numbers and health insurance portability for savings bank accounts after the Government now plans to introduce number portability. Once it comes into effect, your account from a bank account number to chang...

IRDA Blames Insurers For Late Product Filing
January 7, 2012 Mumbai: Insurance regulatory and Development Authority (IrDA) this new pension schemes, which no one in the market, companies by the late filing is available for the product have led to delays in approving attributed. ...

India?s Foreign Exchange Reserves Touches 1 Year Low
January 7, 2012 Mumbai: India's foreign exchange reserves touched a one-year low on 30 December, Reserve Bank of India (RBI) reserves to $ 297 billion. 135 billion dollars in its first week fell to $ 4 billion. Reserves $ 24 bill...

RBI Buys Government Bonds Worth Rs. 8,471.45 Cr. To infuse Liquidity
January 7, 2012 Mumbai: Liquidity RS 12,000 as opposed to a target system, the Reserve Bank of India (RBI) open market operations (OMO) Friday, fewer than 8, bought Government bonds worth 471.45 crores in order to infuse. 2017 with a...

PFC Revives To Raise $1 billion Via MTN
January 7, 2012 Mumbai: Power Finance Corporation (PFC) medium-term note (MTN) through its plan to raise $ 1 billion to revive the power sector lender, which is in November, was postponed its plan, MTN festivals to raise funds for the fe...

MFIN Urges RBI To Relax Banks To Restructure MFIs Debt
January 7, 2012 Mumbai: Temporarily relax provisioning requirements of banks and to assets classified as loans made to avoid the urge to RBI. Micro-finance institutions network (MFIN), the industry body micro lenders, the Reserve Ban...

RBI Reduces Minimum Maturity Period For ECB Up To $20 Million
January 7, 2012 Mumbai: In a move to liberalize foreign standards for small companies, borrowing Reserve Bank of India (RBI) external commercial borrowing (ECB) minimum maturation period three years five years ago for $ 20 million as opp...

SWAWS Promoters To Give Up Majority Stake To Rearrange Bank Debts
January 7, 2012 Mumbai: SWAWS Credit Corporation, one of the promoters of the firm's cash flow based microfinance Secunderabad pressure and its operation to ensure the continuation of its existing bank debt restructuring for the majo...

Hike In Interest Rates Due To Inflation-Says Subir Gokarn
  January 7, 2012 Mumbai: Says RBI’s currency intervention seems to have achieved intended purpose. Interest rates in India appear to have peaked, but rate cuts in the near-term would depend on the level of inflation, ...

Union government Initiates Process For De-linking Motor Insurance
January 7, 2012 Mumbai: Government Panel report draft does Kaul, Bill in the next Parliament session table. The Central Government has a motor vehicle Act of 1988, motor insurance, starring a new law on the subject-linking to hasten ...

FM To Infuse Rs.17 K Cr. Into PSU Banks In Current Fiscal
January 7, 2012 Mumbai: The Finance Ministry has its capital requirements and lending operations in the current fiscal to help increase the public sector banks to infuse the 17,000 crore. "We finance banks to infuse RS 17000 mil...

RBI Raises Annual Limit Of FCCBs To $750mn
January 7, 2012 Mumbai: The Reserve Bank of India (RBI) now accepted $ 750 million, which it will automatically route to the prior permission is not required for foreign currency convertible bond under the companies (FCCB) annual limit. ...

UCO Bank To Hold Auction Next Week To Sale Rs. 400 Cr. Of NPAs
January 7, 2012 Mumbai: UCO Bank RS 400 crore to open auction nonperforming assets (NPAs) to RS 300 crore for sale will hold next week. "We have 400 million nonperforming assets of 300 million rupees for sale will auction next w...

RBI May Cut Interest Rate By 1%
January 7, 2012 Mumbai: Vehicle and house loan borrowers some relief soon as banks and Reserve Bank of India (RBI) 1 percentage point fall in inflation cut interest rates likely to expect. Standing while bankers and experts about a p...

Rupee Gains 26 Paise To Close At More Than A Week High
January 7, 2012 Mumbai: Exceeding a week after manufacturing data showed last month's pace international investors will buy the local assets assembled the strongest optimism on. It is $ 52.95/96 continued selling by exporters ami...

LIC Housing Finance Leans On Parent To Revive Growth
January 7, 2012 Mumbai: Lic housing finance, a battered mortgage lender from years ago, corruption pervading her parents and 15 million customers, abandoned middle-class bent on agents of profitability as it increased to revive attempts ...

Local Lenders Irked After A Rs. 1,100 Cr. Bond Placement By Exim Bank
January 7, 2012 Mumbai: Some local lenders and financial institutions of RS 1100 crore-bond placements in the arms by the Exim Bank on Thursday against European banks. Domestic institutions in the seven-year-old newspaper, a 20% annu...

Buy Wedding Insurance To Cover Wedding Risks
    January 7, 2012 Mumbai: Consider this: You are in charge of organising a high-profile event, which entails several mini-functions in addition to the main one. The budget runs into several crores of rupees...

IT Department Asks Assessees Not To Respond To Notices Below Rs. 100
January 7, 2012 Mumbai: Income tax Department's notice to minor amounts of arrears, RS 6 RS 4 and 1 of RS 100 at future refunds will be adjusted against seeking answers as to not. The Central Processing Center (CPC) by the Depart...

SEBI Permits UTI Asset Management To launch New Schemes
January 7, 2012 Mumbai: Securities and Exchange Board of India (SEBI) UTI asset new plans after almost five months of hiatus, to resume India's fifth largest mutual fund, allowing the move as a relief in August 2011, any UTI the late...

Fitch Paints A Negative Outlook For Asset Classes In 2012
January 5, 2012Mumbai: In 2012 and 2013, the bad assets is likely to be India's economic development as asset backed security (ABS) in moderation, according to Fitch Ratings in increased transaction slip lead Fitch stable perform...

SBI Achieves 100% Financial Inclusion In Andhra Pradesh Circle
January 5, 2012Hyderabad: State Bank of India Andhra Pradesh under financial inclusion program (FIP) Reserve Bank of its 100 per cent coverage of unbanked villages allocated to achieve. Rakesh Sharma, Chief General Manager in Andhra ...

One Time KYC A Better Option Vs Savings Account Portability : RBI
January 5, 2012Mumbai: Reserve Bank of India's opinion that account number, customer accounts better than portability to a feature by repeating the "know your customer procedures" will be served without. Reports that th...

For The 4th Consecutive Year, Axis Bags The No 1 Position In Bond Syndication
  January 5, 2012Mumbai: Axis Bank maintained number one position in domestic bond syndication market for the fourth consecutive year, according to data released by Bloomberg. The private bank ranked first in year 2011 cornering...

Additional Rs 1.4 Lakh Cr Required By Banks By 2017
January 5, 2012Mumbai: If banks Basel III based on the criteria proposed for the RBI guidelines are implemented RS 1.4 trillion by 2017, raise capital, according to a study by Keya ratings firm to Indian banks. The public sector banks so...

SBI Could See A Gain of Rs 242 Crs on Wockhardt?s Deal
January 5, 2012Mumbai: State Bank of India as well as a new year gift to a troubled drug maker wockhardt to near term that could lead to a convertible bond (FCCB) in foreign currency, belonging to the company defaulting on 235 crores sai...

46% Urban Indians Not Aware of Interest Rates on Deposits : Nielsen
January 5, 2012Mumbai: In urban India, also a much larger class of depositors recently banking regulator to attract customers, many banks offer higher rates of deregulated resulting rates, as they earned their savings deposit interest ra...

Dhanlaxmi and ING Vysya Up NRE Deposit Rates Up To 9.75 %
January 5, 2012 Mumbai: ING Vysya Bank and raised interest rates on NRE Dhanlaxmi Bank today 9.75 per cent Reserve Bank moves to deregulate in submission of same. ING Vysya Bank and deposit it with the tone of the day 366-500 to incr...

Wockhardt?s Deal With SBI, Upsets HDFC and ING Vysya Bank
January 5, 2012 Mumbai: ING Vysya Bank and HDFC, SBI domestic lenders, Pharma company wockhardt other FCCB holders which court orders after payment is being made are treated the same as agreed to offer. Wockhardt RS 242 million to pa...

Cabinet To Consider FM?s Proposal To Enable Govt. To Sell Stake
January 4, 2012 New Delhi: It offers views of the cabinet Ministry of finance who wants the Government to sell its stake in private companies to go ahead with different options enabled to take up. The Finance Ministry is a cabinet re...

India?s Service Sector Picks Up Pace To Five Months High
January 4, 2012 Bangalore: India's services sector expanded in new business and employment growth in a ride in December at the fastest pace in five months, but input from rising prices of inflationary pressures in the coming months, ...

Bank of Maharashtra Expects A Capital Infusion This Fiscal
January 4, 2012 Mumbai: Public sector lender Bank of Maharashtra (BoM) said today that the Finance Ministry got a letter from a capital infusion by the Government as the finance it. "We received a letter stating that the Fund re...

SBI To Gain Rs. 242 Cr. Due To Wockhardt?s FCCB Default Case
January 4, 2012 Mumbai: State Bank of India as well as a new year gift to a troubled drug maker wock hard to near term that could lead to a convertible bond (FCCB) in foreign currency, belonging to the company defaulting on 235 crores sa...

IDFC To Raise Up To Rs. 4,500 Cr. By Issuing Infrastructure Bonds
January 4, 2012 Mumbai: Finance Development Corporation or RS 4,500 crore to idfc, over the next eight months by issuing infrastructure bonds increase. "We have already risen around RS 530 million during the current fiscal year ...

Watch Out For Financial Leaders In The Current Financial Year
January 4, 2012 Mumbai: As a business after all of the excitement of the past several years banking boring. When it comes to expectations, most bankers just say shrug "nothing much". But it's not necessary. There is som...

Monetary Policy Actions Responds To Risks To Process Growth-RBI
January 4, 2012 Mumbai: In October of this year, the Reserve Bank of India Governor de subbarav, "further rate hike could not warranted," he said. Two months later, he promised policy rates despite high inflation rate unchanged...

SBI Cancels Negotiations With Visa Inc And Elavon Inc
January 4, 2012 Mumbai: The country's largest Lender State Bank Inc. and Visa Inc. (SBI) Elavon Merchant acquisition business to a joint venture (JV) to make off with conversations. The Bombay Stock Exchange to cancel talks infor...

RBI Allows Relaxation on Government Securities Price Band Limits
January 4, 2012 Mumbai: The Reserve Bank of India (RBI) worth of Government securities that were traded Monday to the band limit allowed the price band of RS. 5000 crore after that year's first trading day on the reversal of the valu...

Bank?s Return On Equity To Narrow By 150-180 Basis Points To Meet Basel III Norms
January 4, 2012 Mumbai: According to Crisil, banks may need to raise Rs 2.7 lakh cr for capital adequacy ratio. Higher core equity capital requirements to meet proposed Basel III norms is likely to moderate Indian banks return on equ...

No Impact On India Inc of Government?s Extra Borrowings Of Rs. 40 K Cr.
January 4, 2012 Mumbai:India Inc of company bond market borrowing amounts to RS 40,000 crore of additional Government announced the fiscal year despite being out in fear. In fact, the arranger’s measures that the Reserve Bank o...

RBI Rejects Proposal Of Banks To Launch Wholly-Owned Subsidiaries
January 4, 2012 Mumbai: Bank of India, South Indian Bank, Bank offers, Lakshmi RAM Vilas ICICI Bank and axis Bank to add to the previous ones. Any merit in such weapons floating regulator was not known as the Reserve Bank of India (...

24 General Insurers Faces Loss Of Rs. 10K Cr. In Current Financial Year
January 4, 2012 Mumbai:IRDA norms 163-213 per cent provisioning to increase. No free lunch, the General insurance industry. Commercial third-party motor insurance pool for eliminating regulatory development authority (IrDA) decision...

Central Bank Revises Export Figures By $6 Billion For Q-1
January 3, 2012 New Delhi: The Central Bank's own export figures down from 2011-12, and drawing criticism from experts once again questioning the dependability of public figures for the first quarter of $ 6 billion in its balance of ...

Nervousness In Companies And Retailers Due To Fertilizer Subsidy Nodal Point Transfer
January 3, 2012 New Delhi: Vijay Thakur (name changed) a business. In Karnal, Haryana, which buys fertilizer a discount wholesaler and the agricultural companies, about 120 km north of the district to retailers in Delhi extremely profita...

Govt. Finalise Around Rs. 50K Cr. Infrastructure Debt Fund
January 3, 2012 New Delhi: The Government ultimately a 10 billion dollar (50,000 crores) infrastructure debt Fund (IDF) is a foreign bank and a multilateral agency with the participation of 50% while the rest of the corpus is finalized i...

Commercial Banks Revise Foreign Currency Deposits Rates
January 3, 2012 Mumbai:Indians and more Forex resources overseas to raise as part of their efforts, commercial banks and pound sterling rates-Forex deposit denominated s revised some a maturities of term. Canara Bank, a senior offici...

ICICI Bank Decides To Take Ultra Small Route For Inclusion Ambitions
January 3, 2012 Mumbai:Bank procedures BC Model to enable fast transactions under the move. India's largest private lender its ambition to achieve financial inclusion – ultra small way is the Ministry of Finance decided to ...

Power Sector Lender ? PFC, Receives Rs. 9,791 Cr of Subscriptions within 3 Days
January 3, 2012 Mumbai: Tax-exempt bonds issued by the national highways authority of India (nhai) is 2.4 times the membership of RS which power Finance Corporation (PFC) 4033 million of bonds issued by catamarca. Repeated power sector l...

Volatility In Government, Bonds Reaches Three Month Low
January 3, 2012Mumbai: Fears of excess of supply of government debt papers kept markets on toes. Yields on government bonds dipped from three-year highs to three-month low levels in the October-December period, making it the most vol...

Indian Banks To Guide Domestic Companies To Repay European Debt
January 3, 2012Mumbai: Government says no crisis as European banks’ India exposure just $18 billion. Indian banks have come forward to assist the domestic companies in honoring their repayment commitment to European lenders. ...

Parsoli Corporation To Close Core Stock Broking Business
January 3, 2012Mumbai: Caught in a trap of business losses and legal wrangles, listed NBFC and broking firm Parsoli Corporation, has made a decision to close its core stock broking business. The company will, from now onwards, impound to...

Finance Ministry Issues Warning To PSBs For Not Opening Migrants? Accounts
Jan 3, 2012 New Delhi: The finance ministry has issued a notice after receiving complaints from migrant workers that the state-run banks are not opening their accounts and the other financially excluded sections beneath the relaxed know-...

PE Firm Jacob Ballas Invests Rs. 200 Cr In Religare Finvest
January 3, 2012 Mumbai: Private equity firm Jacob Ballas Capital India has been invested Rs 200 crore in Religare Enterprises' non-banking financial services arm Religare invest. While a Religare statement announce the investment did...

Kotak Realty Fund To Raise Rs. 1,866 Cr Through Foreign Real Estate Fund
January 3, 2012 New Delhi: Kotak Realty Fund plans raise to $350 million or about Rs 1,866 crore, in the course of a foreign real estate fund that will invest mainly in residential projects. Banking officially said, This follows a s...

Govt. To Finalize Fund Infusion For Public Sector Banks To Boost Capital
Jan 2, 2012 New Delhi: The government has finalized a fund infusion into state-owned banks to improve their capital and its shareholding this month. Final shape is being specified to capital infusion proposal of the public sector ba...

Banks Decides To Extend Festive Offers On Loans
January 2, 2012 in Mumbai: over the festive season, but provides a loan exhibitions are open for the next few months. Public sector banks offer housing and their Festival campaign that began in September, discounted rates on auto loans u...

Capital Conservation Is Key To Strengthen Core Capital- Says M Narendra
January 2, 2012 Mumbai: Marital banks will not be as pretentious as their urban world peers by Basel-III norms and conserving assets will be the key in as they look to put into practice the strategies expected at a stronger economical or...

IRDA Issues Guidelines On IPOs To Tap Capital Market For Funds
January 2, 2012 Mumbai: After a long stay and delayed discussion with stakeholders, the Insurance Regulatory and improvement power (Irda) at last came out with strategy on earliest community offers (IPOs) throughout the year. This improv...

RBI suggests 5.5% of Common Equity In Tier-I Capital
January 2, 2012 Mumbai: Proposes lowest capital ratio of 11.5%, as well as a protection barrier. Reserve Bank of India (RBI) on Friday predictable banks in India preserve a capital maintenance barrier in the variety of general...

NBFCs Will Take Exposure To Realty Projects For PE Firms
January 2, 2012 in Mumbai: falling sales once more credit risk, cost, and flexibility they PE firms rationales are elbowing out with. Developers falling home sales and tight credit in the Bank as nonbanking financial companies (nbfc...

Gold Funds Beat Equity And Bond Funds In Returns
January 2, 2012 in Mumbai: mutual funds that invest in gold in terms of returns and more popular equity and bond funds have beaten squarely away for equity funds under pine. continued, while the weak market conditions and changes in inte...

Use Effective Methods To Save Tax In 2012
  January 2, 2012: Over the next 90 days, millions of Indian taxpayers will wrap up their tax planning for 2011-12. Unlike in the past, this year's tax planning will be quite different as not only have the rules changed, but...

Mistakes To Avoid While Writing A Will
January 2, 2012: Writing a will is the first step in progression planning, but your attempt could go to waste if there are discrepancies in the document. ET tells you what not to do. IMPROPER EXECUTION Your will wants to be acc...

Rajesh Khanna Shelves Fund Raising Plans For Arka Capital
On January 2, 2012 at Mumbai: Rajesh Khanna, one of the big weapon of Indian confidential equity, has shelved fund raising plans after finding it complicated to sell the India story to worldwide investors who have soured on the world sec...

Banks To Operate Net-Enabled Laptop As A Branch In Rural Areas
January 2, 2012 New Delhi: The finance ministry will treat a bank representant providing basic services in villages using a Net-enabled laptop as a branch, expanding the reach of the government's monetary inclusion plan and doing awa...

Indian Banks To Follow Basel III Guidelines Issued By Central Bank
January 2, 2012 Mumbai: Under the guidelines of BaseI III Indian banks will have to start finding ways to maintain capital, bankers and analysts said on Saturday. The RBI said, “Banks should have lowest tier-I capital of 7 per...

PTC India In Talks With Sovereign Wealth Fund To Set PE Fund
  January 2, 2012 New Delhi: Power trading firm PTC India is in talks with a sovereign wealth fund for setting up a private equity fund, which is likely to have an initial capital of about $ 100 million. Sources said PTC Ind...

Dighi Port To Recast Loans Worth Rs. 800 Cr
  December 30, 2011 Mumbai: Balaji Infra Projects Ltd-owned Dighi Port has been submitted to the corporate debt restructuring process to recast loans worth Rs 800 crore. The interest rate, which was initially about 10.2...

Govt To Set Up Working Group Within Week To Check Price Volatility Of Commodities
  JUNE 27,2012 New Delhi: The Indian Government will establish a working group in a week to advise ways to verify the volatility of raw material prices on the futures market, K V Thomas food Minister said. We (Ministry of fo...

More Measures To Revive India's Econ Growth To Follow Soon: Plan Panel Dy Montek
  JUNE 27,2012 New Delhi: Planning Deputy president of the Commission Montek Singh Ahluwalia said that several measures to strengthen the India slow economic growth and improve the input of foreign funds will soon follow, outsid...

India's Commerce Ministry Drawing New Plan To Nearly Double Exports To $500 Bln By Fy14
  JUNE 27,2012 New Delhi: Ministry of Commerce of the India is a new plan to achieve exports 500 billion $ next fiscal year 2013-14 approximately 300 billion $ as March 31, 2012, media reports said citing an official senior Depa...

UCO Bank finalizes steps to raise Rs 140 bln over 5 yrs to meet Basel III norms
  JUNE 27,2012 New Delhi: Indian lender UCO Bank decided to reduce its foreign presence and to lend more to the retail and the sector of SMEs (small and medium-sized enterprises) to conserve capital to height of autour de guidel...

India, European Union Plan To Complete Free Trade Talks By Oct-Nov
  JUNE 27,2012 New Delhi: India and the Union European decided to map road to conclude negotiations that much delayed on the bilateral agreement on trade and investment (BITA) between the two parties in October-November-end this...

Govt Underwriting Auction Of Securities Worth Rs 150 Bln On Jun 28
  JUNE 27,2012 New Delhi: The Indian Government has announced auction (reissue) underwriting of securities worth Rs 150 billion slices, namely," new 5 year Government.  Stock 2017of Rs 40 billion, 8.15% Government ...

Reserve Bank Of India May Halt Gold Trading By Banks To Counter Rupee Fall
  JUNE 27,2012 New Delhi: The Reserve Bank of India (RBI) may inflict limits on the sale of gold coins by banks, in the increase in imports of bullion putting pressure on the current account deficit and resulting from the weaken...

Govt To Set Up Tracking System For Speedier Execution Of Investment Projects Over Rs 10 Bln
  JUNE 27,2012 New Delhi: The Government of India has decided to set up an investment tracking system to ensure faster execution of key projects involving a sum of over Rs 10 billion in the country, amid growing criticisms again...

Rbi Asks Kotak Mahindra Bank's Promoters To Dilute Stake To 20% By 2018 From Over 45% Now
  JUNE 27,2012 New Delhi: The Reserve Bank of India has directed promoters of Kotak Mahindra Bank to bring down their stake to 20% by March 31, 2018 from over 45.21% now, the lender said in a regulatory filing Wednesday. It ...

Primary Dealers Can't Issue Tier-Iii Bonds From July 1, Says Rbi
  JUNE 27,2012 New Delhi: The Reserve Bank of India on Wednesday, said that the primary dealers (PDs) can issue bonds of level III on July 1, 2012. However, the SDP (IVT) that already have capital Tier-III may continue to re...

Rbi Halves Fees To Rs 2.50 For Online Transfer Of Funds Up To Rs 10,000
  JULY 14,2012 New Delhi: The Reserve Bank of India have been calculated on the source of the costs of the Fund in the Rs 5 to Rs 2.50 online 1. August 2012, subject to a maximum of 10 000 from the amount of transfer to promote ...

Sks Microfinance Launches Qip Issue At Floor Price Of Rs 75.4 Per Share
  JULY 14,2012 New Delhi: India's micro lender SKS Microfinance Ltd has offering micro-finance Ltd has launched the SKS to institutional placement of the issue price, by a qualified majority on the floor of the Rs 75.4 per s...

Sks Microfinance Projects Apr-Jun Loss At Rs 300-500 Mln
    JULY 14,2012 New Delhi, India's micro lender SKS Microfinance has probable a loss of Rs 300 million for the initial fiscal year 2012-13 quarter(Apr-Jun) and gave a pessimistic forecast for this fiscal year, crea...

Richest Pakistani Mian Mohammad Mansha Eyes Banking Foray In India
  JULY 14,2012 NEW DELHI: The richest man of Pakistan Mian Mohammad Mansha, and Chairman of the Group of Nishat 5 billion $, that he was eager to launch banking services in India. Mansha has said, and the State Bank of Pakistan ...

States urge PM to resolve CST compensation issue by Aug 7 for smooth transition to GST
  JULY 14,2012 New Delhi: Indian States asked Prime Minister Manmohan Singh to resolve the problem of compensation for sales tax issue central before August 7 to ensure a smooth transition to the system of indirect ambitious uni...

India's Forex Reserves Slides $2.37 Bln To $287 Bln As On Jul 6 From Week Ago: Rbi
  New Delhi: India's foreign exchange reserves of $2,370 billion to $287,620 billion as fell on July 6, 2012, from the previous week, the Reserve Bank of India (RBI) said Friday. The foreign currency assets also plunged ...

India's Prime Minister forms panel to finalize GAAR guidelines by Sep 30
  JULY 13,2012 New Delhi, Prime Minister Manmohan Singh India Friday set up a Committee of experts to manage the consultation process and finalize standards for the General anti-avoidance rule by September 30, less than a fortni...

Indian banks' advances up 16.5% on-yr to Rs 47.6 trillion as on Jun 29
  JULY 13,2012 New Delhi: Instead of regular Indian advances of commercial banks from 16.5% to Rs 47,60 trillion as June 29, 2012, from SR 40,880 trillion last year, the reserve of India Bank, said Friday. Total advances, fo...

India's Jun Exports Drop 5.45% On-Yr To $25.07 Bln
  JULY 13,2012 New Delhi: The India exports fell 5.45% year to 25,070 billion $ in June, the Government said in a news release Friday, reflecting increasing pressure of the debt crisis has hit zone Euro and weak recovery in the ...

Hdfc Bank Apr-Jun Net Profit Up 30.63% On-Yr To Rs 14.17 Bln
  JULY 13,2012 New Delhi: The second largest lender HDFC Bank financial private India the first quarter (April-June) net profit increased 30,63% to Rs 14,170 billion Rs 10,840 billion during the same period a year earlier due to...

MIFs To Originate A New Course After NBFC-MFIs Creation
  December 29, 2011 New Delhi: India's stressed microfinance sector got a much-required relief after the Reserve Bank of India, in the month of October, approved the&nbs...

ICICI Bank Went Through Rs1.33 Crore Fraud
December 29, 2011 Kadapa: Improper appropriation of an amount of Rs 1.33 crore has come in light to the local branch of private lender ICICI Bank. An internal audit has revealed the fraud after which the Branch Manager Mahipal Reddy...

Minor Decrease In Bank Deposits Due To Payment Of Advance Taxes
December 29, 2011 Mumbai: Bank deposits marginally squeezed over the last fortnight as the corporate pulled out funds for making advance tax payments, a...

Govenment To Provide Rs. 6,0000 Cr To SBI For Equity Infusion Plan
    December 29, 2011 New Delhi: The government is preparing to provide Rs 6,000 crore to State Bank of India, which is the nation's largest lender, it is a part of Rs 16,000-17,000 crore equity planned to infu...

Rise In Global Insurance Rates Will Affect Premium Rates
  December 29, 2011 Mumbai: Rise in the global reinsurance rates this year may force Indian insurers to take out extra for the upcoming renewals, thus making an increment in premium rates on insurance covers by the insuree....

Plenty Of Health Insurance Covers Launched For Customer?s In Current Year
December 28, 2011Mumbai: However, as innovation led the way, don't overlook the fine print attached; comparisons remain complex. The year 2011 had plenty in store for health insurance customers. Health portability, introduced in ...

Currency Exchange Trading Volumes Dip By 50% Within A Week
      December 28, 2011Mumbai: RBI’s clamp on trade to support the rupee has dampened banks’ executions in the segment. Trading volumes on the country's currency exchanges have dipped to ha...

New Bank Licenses Still Delayed
      December 28, 2011Mumbai: Licenses were suppose to come in 2004, they didn't. They were expected to come in 2009, they didn't. They were suppose to come in the year 2011, they didn't. Will the ...

OIF Files Application To Purchase UCX Stake
  December 28, 2011Mumbai: Oman Investment Fund (OIF), the Sultanate of Oman's sovereign wealth fund, has filed an application to the government to purchase stake in Universal Commodity Exchange (UCX), which is promoted by s...

Banks Withdraw Approximately Rs 30,000 Crore From Mutual Funds
  December 28, 2011Mumbai: In the past one month, banks have withdrawn nearly Rs 30,000 crore from mutual funds to pay advance tax, to meet capital requirements and sink with the Reserve Bank of India's directive to cut inve...

PSU Banks Can Disburse Loans Up To 400Cr
  December 28, 2011Mumbai: The government has approved four times the limits on loans than earlier that a bank's internal committee can approve, a move that can quicken credit clearance in 26 state-run banks, including Pu...

RBI To Purchase Government Securities Worth Rs.12, 000 Crore
    December 28, 2011Mumbai: To wave over the liquidity crisis, the Reserve Bank of India (RBI) today made announcement that it would buy government securities worth Rs 12,000 crore on Thursday through the open market o...

Kotak And SBI Raise Interest Rates On NRE Deposits
  December 28, 2011Mumbai: Kotak Mahindra Bank and State Bank of India (SBI) today raised interest rates on non-resident deposits. SBI quoted that interest rates on non-resident (external) rupee (NRE) term deposits will be r...

Hard rules For Bank Equity Investment In Financial Entities-RBI
  December 28, 2011Mumbai: Banks will have to keep aside extra capital for investment of equity in financial entities, even if they were exempted from capital market exposure norms. The Reserve Bank of India has quoted such ...

LIC Housing Finance Ltd To Raise Rs 8K Cr In 4th Qtr
  December 28, 2011Mumbai: LIC Housing Finance Ltd have plans to raise nearly Rs 8,000 crore in the last quarter of the present financial year. The housing finance life insurer Life Insurance Corporation (LIC) said it would ...

Policy Issuances Declines 19% In 7 months
      December 28, 2011Mumbai: Premium collected by general insurers rises by 24%. Premium collection numbers by the life insurance industry remained south-bound, as issuances policy by the industry continue to...

India's Jan-Mar Balance Of Payments Deficit At $5.7 Bln Vs $2 Bln Surplus Yr-Ago
  JUNE 29,2012 New Delhi: Balance of payments India in the fourth quarter (Jan - Mar) for fiscal 2011-12 was a 5.70 billion deficit $ compared to a surplus of 2 billion $ in the corresponding period last year due to the deterior...

Indian General Insurers Apr-May Premium Income Up 18.3% On-Yr To Rs 113.87 Bln
  New Delhi: Gross premium written collection of the insurers general Indian develops 18.3% to Rs 113,870 billion in the period April-May compared to Rs 96.28 billion during the same period last year, the regulation of insurance...

India Likely To Miss $40.59 Bln Export Target In FY13 On Slow Demand In Key Mkts: Report
  JUNE 30,2012 New Delhi, India may not meet the target of revised export $40,590 billion for textiles for the fiscal year 2012-13, despite the rupee fall and export rebates announced in international trade policy, in the middle...

State Bank Of India's 18%-20% Restructured Loans May Turn Bad, Says Chmn Chaudhuri
  JUNE 30,2012 New Delhi: More important lender of the State Bank India of the total 18%-20% of its restructuring loans India can become non-performing assets (NPA), the Business Line reported citing President Pratip Chaudhuri B...

India Displaying Lagged Effects Of Tight Monetary Policies Adopted Earlier To Tackle Inflation: Fitch
  JUNE 29,2012 New Delhi, India, as well as the East Asian countries such as China and Korea, is showing the effects in time of monetary policy, the tightening of high inflation battle during the financial year 2010-11, global r...

RBI Dy Gov Chakrabarty Raps Indian Banks For 'Misguiding Investors' On Npas
  New Delhi: The Reserve Bank India Deputy Governor K C Chakrabarty Indian banks have little good idea to investors by setting their fall from the benefits of switching system-computerized recognition of bad loans, said. You...

India's Forex Reserves Fall By $768.4 Bln To $288.62 Bln As On Jun 22 From Week Ago: RBI
  JUNE 29,2012 New Delhi, India's foreign exchange reserves fell by $768,40 billion to 288,620 billion $, on June 22, 2012 from the previous week, the Reserve Bank of India (RBI) said Friday. The foreign currency assets ...

India's Econ Growth To Rebound From Oct: Chief Econ Advisor Basu
  JUNE 29,2012 New Delhi: Economic growth of the India, who slipped to a minimum of nine years in the District of March, can recover from October this year, economic advisor Kaushik Basu main said Friday. We are hopeful that...

Indian Banks' Advances Up 17.8% On-Yr To Rs 47.14 Trillion As On Jun 15
    JUNE 29,2012 New Delhi: Indian listed commercial banks' terrific advances amplified by 17.8% to Rs 47,140 trillion on June 15, 2012, to SR 40 trillion per year, there are the Reserve Bank of India (RBI), said F...

RBI Caps Merchant Discount Rates At Up To 1% Of Purchase
  JUNE 29,2012 New Delhi: The Reserve Bank of India (RBI) has selected the fees that banks charge merchants for dealings using debit cards at up to 1% of the worth of the buy with effect from July 1, 2012, to encourage their use...

Govt Committed To Containing Fiscal Deficit: PM's Econ Advisor
  JUNE 29,2012 New Delhi: The Indian government is committed to containing its widening fiscal deficit, Prime Minister's Economic Advisory Council Chairman C Rangarajan Friday said, amid global credit rating agencies downgra...

HDFC Bank Eases Base Rate, BPLR By 20 Bps From June 30
  JUNE 30,2012 New Delhi: India's private sector lender HDFC Bank decided to reduce its base rate, the criterion of price for all loans - and reference prime rate (BPLR) by 20 basis points each with effect from June 30, 2012...

GAAR May Not Apply To Singapore, Mauritius Investments
  JUNE 30,2012 NEW DELHI: Investors from Mauritius and Singapore can breathe, that their transactions do not relate to the provisions of the General anti-avoidance rules (GAAR). The Government will also investors spare fore...

RBI Slaps Fine Of Rs 500,000 On Surat People's Co-Operative Bank For Violating Norms
  JUNE 30,2012 New Delhi: The regulatory sector banks Reserve Bank of India imposed a fine of 500,000 Rs on Co-operative Bank Ltd. the Surat people's, located in the State of Gujarat, for violating the guidelines laid down b...

India's 8 Core Industries Output Grows 3.8% On-Yr In May
  JUNE 30,2012  New Delhi, India's eight core business May output grew 3.8% on year, slower than the growth of 5.8% in the same month a year because of the fall in natural gas and fertilizer production, government data ...

Dena Bank Raises Rs 8.5 Bln Via Bonds To Meet Capital Adequacy Needs
  JUNE 30,2012 New Delhi: Indian mid-sized state-run lender Dena Bank has raised Rs 8.5 billion through a bonds issue to meet business growth needs and capital adequacy requirements. The funds were raised in the nature of pr...

SBI Eyes 20% Growth In Loans To Mid-Corporate Segment
  JULY 01,2012 New Delhi: State Bank of India eyes 20 per cent loan growth in the mid-corporate segment this fiscal, Mr R. Venkatachalam, Deputy Managing Director and Group Executive-Mid Corporate, has said. This is much more th...

India's May Oil Imports Up 14.02% On-Yr To $14.98 Bln
  JULY 02,2012 New Delhi: India's oil imports rose 14.02% to $14.98 billion in May from $13.14 billion in the same month a year ago, the government said Monday. Non-oil imports fell 16.11% to $26.95 billion during the mo...

ICICI Bank Sells Entire Rs 4.3 Bln Debt Exposure In Kingfisher To SREI Infra
    JULY 02,2012 New Delhi: Largest private lender, the India ICICI Bank Ltd sold its exposure of any debt of Rs 4.30 billion in the cash deficit Kingfisher Airlines Ltd. carrier in a debt fund managed by SREI Infrastru...

India's Mfg Sector Grows In June As Output, Employment Expand At Faster Pace: HSBC PMI
  JULY 02,2012 New Delhi: The Indian government is committed to containing its widening fiscal deficit, Prime Minister's Economic Advisory Council Chairman C Rangarajan Friday said, amid global credit rating agencies downgra...

HDFC Bank Plans To Launch 1 Mln Credit Cards In FY13
  JULY 02,2012 New Delhi: Private lender second largest of the India HDFC Bank has launched credit cards for physicians as part of his plan to be implemented from 1 million for the fiscal year 2012-13 credit cards. We have p...

India's Apr-May Fiscal Deficit At 27.6% Of 2012-13 Budget Estimate
  JUNE 30,2012 New Delhi: Budget Deficit of the India in the period April-May to Rs 1,410 trillion crossed 27.6% of estimate budget fiscal year 2012-13, the Government data showed Friday. The Government has estimated a fisca...

RBI To Take Best Possible Steps To Control Rupee Fall: Dy Gov Chakrabarty
  JUNE 30,2012 New Delhi: The Reserve Bank of India will carry on to take the best possible measures to check the fall of Indian currency, Deputy the Governor K C Chakrabarty said Friday, after the rupee fell to a record low of ...

State Bank of India Hikes Deposit Rates By 25 Bps To 9% In Tenor Of 3-5 Yrs
  JUNE 30,2012 New Delhi:  State Bank of India Saturday walked the deposit term interest rates by 25 basis points in the tenor of 3 to 5 years 9%, media said citing the statement of the Bank, less than a month after the ban...

Exporters Need To Take Advantage Of Falling Rupee To Bolster Sales Abroad: Chief Econ Advisor Basu
  JULY 04,2012 New Delhi: Indian exporters should benefit from the fall of the rupee and see it as an "opportunity collection" to boost sales abroad, which will help close to the broad low deficit of the country, econo...

State Bank Of India Waives Minimum Account Balance Requirement For Savings Account
  JULY 03,2012 New Delhi:  State Bank of India (SBI) State said that it has waived the requirement of a minimum balance for the savings account and will not impose a penalty on clients if the criteria has been violated, a m...

Cabinet OKs Extension Of 1% Interest Subsidy Scheme On Housing Loans By 1 Yr
  JULY 03,2012 New Delhi: The Union Cabinet approved the Budget proposal to extend the regime of the grant of interest of 1% on the year 1.50 housing loan up to Rs million, which may provide a remedy for the real estate sector s...

India's 13 state Govts Announce Rs 102.8 Bln Auction Of Dated Securities
  JULY 14,2012 New Delhi: The Reserve Bank of India (RBI) said it will conduct the sale of titles of 13 States of the India for a total of Rs 102,80 billion (nominal value) on 17 July 2012. 13 State Governments are Andhra Pr...

India's Jun Services Sector Expands At Slower Pace, But New Biz Orders, Hiring Pick Up: HSBC PMI
  JULY 04,2012 New Delhi: Activity of the India in June service sector grew at a to some extent slower pace in the previous month, but the strong increase in new orders and increase of the workforce at the fastest pace in a year...

Citibank India FY12 Net Profit Rises 35% On-Yr To Rs 19.22 Bln
  JULY 04,2012 New Delhi: Indian division of the US-based major banking of Citigroup net income jumped 35% to Rs 19,220 billion for the full year 2011-12 Rs 14,240 billion during the same period a year earlier due to the increas...

Yes Bank To seek Shareholders' Nod To Raise $500 Mln On Jul 14
  JULY 03,2012 New Delhi: Indian private lender Yes bank seek approval from its shareholders to raise 500 million $ in the eighth annual general meeting scheduled July 14, to consolidate its capital adequacy ratio and to finance...

National Housing Bank, 3 foreign Firms Launch India's First Mortgage Guarantee Co
  JULY 03,2012 New Delhi, India regulator housing finance and re-financial business finance Bank (NHB) housing housing has created the first company of mortgage in the country. India guaranteed mortgage Co.in a joint-venture...

State-Run Banks Ask RBI To Count Pref Shares As Tier I Equity To Meet Basel III Norms
  JULY 03,2012 New Delhi: State-run banks have asked the Reserve Bank of India to consider perpetual non-cumulative preference shares (PNCPS) as part of their core tier-I capital, in a bid ease the implementation of the central ...

Headline Inflation To Ease From Sep, Says Chief Economy Advisor Basu
  JULY 03,2012 New Delhi: Global inflation the India, which remained above the reserve Bank of the India comfort zone, should moderate in September of this year, Senior Economic Advisor Kaushik Basu said Tuesday, adding that the...

Govt Underwriting Auction Of Securities Worth Rs 150 Bln On Jul 5
  JULY 04,2012 New Delhi: The Indian Government has announced auction (reissue) underwriting of securities worth Rs 150 billion slices, namely "8,19% Government Stock 2020" of Rs 40 billion, "new 14 year Governmen...

Indian Overseas Bank Gets Shareholders' OK To Raise Rs 4.01 Bln This Fiscal 2012-13
  JULY 04,2012 New Delhi: State lender that indian Overseas Bank said that he has received the approval of its shareholders to raise awareness on the Rs 4,010 billion in the current financial year 2012-13 through various options...

IndusInd Bank Allots 60,699 Equity Shares Of Rs 10 Each Under ESOS
  JULY 04,2012 New Delhi: Indian private lender IndusInd Bank Wednesday said it has allocated 60 699 shares with a nominal value of Rs 10 each July 4, 2012. Recipients who had exercised their option under the employee Stock ...

Bharti AXA General Sees Lower 40%-50% Premium Growth In FY13 If Vehicle Sales Dip
    JULY 05,2012 New Delhi: Underwriter-life-non-private Indian Bharti AXA General Insurance Co Ltd expects to achieve a growth of 40%-50% lower in the perception of gross premiums of the 2012-13 fiscal year if sales of...

RBI Gov Subbarao: Major Indian Banks Yet To Respond To Savings Interest Rate Deregulation
  JULY 04,2012 New Delhi: Major Indian banks are still reviewing the same savings account interest rate after it has deregulated during more than eight months, the India reserve Bank Governor D Subbarao said Wednesday. The r...

Corporation Bank Eyes Rs 3 Trillion Biz By Mar-End 2013
  JULY 04,2012 New Delhi: Indian lender State Bank of the company expects to realize a business of Rs 3 trillion by March 31, 2013, president and Organization Director Ajai Kumar said, adding that the Bank needs to attract young...

Foreign Institutional Investment In Stocks May Dip -RBI
December 23, 2011 Mumbai: First, the bad news is, or Reserve Bank of India, Reserve Bank of India indicates that foreign institutional investments in stocks (according to FIIs) dip due to uncertainties in the U.S and Europe; Banks need t...

Banks To Require Up To Rs 2.7 Lakh Cr Under Basel-III
04 Jan 2012 Mumbai: Banks will need in the new capital above RS 2.7 million to Basel III guidelines by the deadline set by the Reserve Bank of India, a leading credit rating firm research report I. Report this as to be increased sign...

'Outlook Stable For Indian Structured Finance In 2012'
04 Jan 2012 New Delhi: Credit ratings agency Fitch said that India in structured finance transactions are likely to remain stable this year, but warned that delinquencies increase in commercial vehicle and equipment segment. Structured f...

Interest Rates Set To Spike, Again: IEG
05 Jan 2012 New Delhi: Reduction in interest rates, contrary to the expectations of the famous think tank Institute of economic growth (IEG) is a separate forecast-borrowing cost further. "On balance, we believe that further inc...

RBI Raises FCCB Limit To $750 Mn
05 Jan 2012 Mumbai: The Reserve Bank today Auto route, which it does not require prior permission from US $ 750 million to companies under the foreign currency convertible bonds (FCCB) annual limit. In a fiscal year, up from $ 500 mi...

Interest Rates To Fall 1%: Experts
05 Jan 2012 New Delhi: Auto and home loan borrowers some relief soon as banks and reserve banks can expect inflation to fall 1 percentage point in cutting interest rates likely to. Standing while bankers and experts about a percentag...

Micro ATM Launched By UIDAI For Daily Wagers With Aadhaar
06 Jan 2012 Rajkot: Unique identification authority of India (UIDAI) a micro-ATM device that core banking system through its doors to withdraw money with the mg-like NREGA workers for Aadhaar beneficiaries would be able to. "Ben...

RBI May Go For Rate Cut, Says Dhanlaxmi Bank
08 Jan 2012 New Delhi: Is Dhanlaxmi Bank said private-sector lender that Reserve Bank rate if inflation comes down to mid-quarterly title in monetary policy later this month to review the cuts. "The Reserve Bank rate cut on Janu...

Moody's Upgrades India's Currency Rating To Investment Grade
10 Jan 2012 New Delhi: Global agency Moody's short-term foreign currency rating of India today than speculative investment grade, which domestic companies for better rates on overseas markets to raise money to help a development upgr...

Standard Chartered Bank Ordered To Pay Damages To Customer
10 Jan 2012 New Delhi: Standard Chartered Bank by a consumer forum here as a RS 30,000 damage to its troubled credit card holder plus one lakh a "illegal" sought by directed to pay. District consumer disputes redressal Foru...

RBI May Go For Rate Cut In Feb: Moody's
 22 Jan 2012 New Delhi: Global ratings agency Moody's said India inflation this year to 6.5 per cent by the middle of the Reserve Bank of India is likely to moderate and, by interest rate cuts. "We have a small ... In t...

Fitch: Stable Outlook For Indian Banks Despite Challenges
23 Jan 2012 Mumbai: Fitch Ratings says that Indian banks continue to approach their banks, Government, 2012 (73%) of system assets commitment A minimum of 8% for tier 1 ratio to maintain the domestic economy recovery based on coupled wit...

ICICI Lombard Aims At Rs 5,000 Cr Premium
23 Jan 2012 Mumbai: RS 5,000 crore in this premium collection CICI Lombard fiscal health and motor insurance sectors, marks on the back of good growth to exceed the top executives of leading private general insurance companies said. ...

UP, TN Top Cash Shredders Courtesy Students, Tourists
23 Jan 2012 Mumbai: The RBI branches in Chennai and Kanpur in Uttar Pradesh, Tamil Nadu and the newer ones they pump out dirty and torn currency notes respectively number of shredding. Reserve Bank Office in Chennai and Kanpur "...

RBI Likely To Maintain Status Quo Tomorrow, Say Bankers
23 Jan 2012 New Delhi: Bankers say the Reserve Bank as well as the inflation rate and economic growth rate of monetary policy loosening, policy review in the third quarter, are likely to be unchanged. "Moderation in interest rat...

RBI Cuts CRR, Holds Rates
24 Jan 2012 MUMBAI: The Reserve Bank today RS 0.5 percentage points in the system to inject 32,000 million cash reserve ratio cuts announced, but this measure for borrowers to reduce EMI in the lead. While "RBI" policy of t...

RBI Move May Soften Interest Rates
24 Jan 2012 Mumbai: The cash reserve ratio (CRR) bankers 0.5 percent cut to the Reserve Bank's decision to relieve the interest rate borrowers can result in soft. "Maybe in some selective areas, lending rates may be somewhat...

High Fiscal Deficit Restraining Policy Rate Cut: RBI
24 Jan 2012 New Delhi: The Reserve Bank today suggested that the Government fiscal deficit, high interest rates at the Central Bank has been trying to control. "In the non appearance of convincing fiscal consolidation, the Reser...

Policy Reverse Starts, RBI Cuts CRR
24 Jan 2012 Mumbai: The Reserve Bank today almost two years by 50 basis points to 5.5 per cent (the Reserve Bank to keep up with the part of the banks ' deposit) cash reserve ratio by cutting the first step towards reversing the mone...

RBI Move May Soften Interest Rates
27 Jan 2012 Mumbai: Non-food credit off take 17.1 per cent higher interest rate regime of RS 44.90 million between January 13, during 12 months. This 14th January 2011 to million RS 38.31 year Reserve Bank data shows. Before star...

Bank Of India Q3 Profit Rises 9.6%
27 Jan 2012 Mumbai: Bank of India (BoI) this submission from a percentage point increase in the cost of the current fiscal year, also in the third quarter increased 9.6 per cent in net profit to RS 716.15 million reported. The Bank&#...

Rupee up 77 Paise Vs Dollar On Hefty Capital Inflows
27 Jan 2012 Mumbai: Rupee, rising local stock markets today 49.31/32 strong run by capital flows in a 12 week high near 77 off from money. Forex traders said continued weakness in the dollar value of U.S. currency overseas exporters ...

'Interest Rate Cut By RBI Only In April'
29 Jan 2012 New Delhi: The Reserve Bank of India (RBI) lending rate despite the moderation before the April inflation rate cuts are unlikely, however, given the tight liquidity further cash reserve ratio (CRR), Barclays Global financial ...

Boi To Raise Money Through MTN
29 Jan 2012 Mumbai: Public sector lender Bank of India (BoI) medium-term note (MTN) foreign currency loans under the programme will increase as soon as global economic conditions improve, a top official said. "We take foreign cu...

OBC Q3 Net Profit Dips 13% To Rs 354.22 C
30 Jan 2012 New Delhi:  Public sector lender Oriental Bank of Commerce (OBC) today a 13 percent fall in net profit of RS 354.22 crore on December 31, bad assets for the third quarter increased account report. October-December of...

Double Home Loan Repayment Exemption Limit To Rs 3 Lakh: ICAI
29 Jan 2012 New Delhi: Home buyers are seeking relief, ICAI accounting regulatory exemption limit on debt repayment RS 3 lakh to double the Ministry of finance. "It suggested that this reduction in interest loans of the property...

Allahabad Bank Q3 Net Up 35% At Rs 560 Cr
30 Jan 2012 Mumbai: Public sector lender Allahabad Bank RS 560.43 crore today a 35 per cent growth in net profit for the October-December quarter of current fiscal year reported. Bank net profit at RS 415.80 million posted for the sa...

Rupee Falls Sharply By 48 Paise Against US Dollar
30 Jan 2012 Mumbai: Local stocks fall sharply in tune with 49.79-80 dollars, directly benefits the rupee four seasons to finish the day at snapping against lost 48 cents. The end of the month, but signs of declining rupee requirement...

Punjab & Sind Bank Q3 Profit Slips By 33% To Rs 92 Cr
30 Jan 2012 New Delhi: Punjab & sind Bank State-owned lender (PSB) today reported third quarter net profit at Rs. 91.63 crores for 33 per cent plunge on December 31, 2011, due to an increase in bad debts. The lender has a net pro...

India bulls Fin Q3 Net Up 21% To Rs 250 Cr
30 Jan 2012 Mumbai:  India bulls financial services (IBFSL) today announced consolidated net profit at 21 per cent in the previous year of the third comparative period home loans due to constant speed in December 31, RS 250.07 crore...

LIC Housing Finance Q3 Net Jumps 43%
30 Jan 2012 New Delhi:  Lic housing finance today for the third quarter ending December 31, 2011 net profit at RS 305.69 crore reported in 43 per cent growth. Housing finance company last fiscal year net profit in October-Decemb...

SBI Shares Jump Nearly 4 Pct
31 Jan 2012 Mumbai: Shares after the company said nearly 4 per cent today, costly government SBI of the country's largest lender capital infusion of RS 7900 million Bank approved. A bullish note on the day after the launch, on BS...

India Bond Yields Rise As Debt Buyback Hopes Fade
31 Jan 2012 Mumbai: Indian federal bonds rose Tuesday on hopes that the Reserve Bank of India bonds this week to support the auction set for a debt buyback will conduct on diminishing yields. 11: 45 pm (0615 GMT), the benchmark 10-ye...

RBI May Go For Another CRR Cut
31 Jan 2012 New Delhi: The Reserve Bank today in cash reserve ratio (Banking Fund liquidity position given the constant pressure on unlocks for CRR) can be cut for that. "We have liquidity position ... I think that when we are i...

ICICI Bank Net Jumps 20 Per Cent
31 Jan 2012 Mumbai: Core income, a healthy increase in the lower provisioning together with its best ever quarterly profit, ICICI Bank today RS 728.10 million three-month periods for December, 2011, in the same period last fiscal year to...

'Pvt Banks to Handle Govt Biz as Agents'
31 Jan 2012 Mumbai: The Reserve Bank today said that all private sector banks now central and State Government business agents of the Central Bank, as the equivalent of public sector banks to handle will be eligible. So far, only thr...

Central Bank Net Tanks 72 Per Cent
01 Feb 2012 Mumbai: Central Bank of India public sector lender today posted a massive 72 percent plunge in net profit at RS 113.24 million third quarter after sharply increasing nonperforming asset. The Bank's net profit in the s...

Rupee up 19 Paise Vs Dollar, Hits 13-Week High
01 Feb Mumbai 2012: Early deficit paring, compared to Indian rupee today 19 money US dollars in equity of a 13-week high, FII flows 49.27/28 to stop in the middle and exporters selling the US currency continued. Forex trader said tha...

SBI Says Sentiment Building For Lending Rate Cut
01 Feb 2012 Mumbai: State Bank of India, the country's largest lender, could reduce lending rates before the nation's Central Bank rate cut, its chief financial officer divakar Gupta said. Reserve Bank of India cash reserve r...

SBI May Cut Interest Rate to Boost Credit
01 Feb 2012 Mumbai: The nation's largest lenders SBI (SBI) "credit expansion to boost interest rates cut to" interested ", a top Bank official said today. "All the emotion towards it (an interest rate reductio...

Plan Panel Dy Montek Sees Apr-Sep Econ Growth At 6.5%-7%
    JULY 06,2012 New Delhi: The Indian economy is likely to grow at 6.5%-7% in the first half of the fiscal year 2012-13, Deputy president of the Planning Commission Montek Singh Ahluwalia (Apr-sept), said Friday. ...

RBI To Continue FCCB Buy Back Scheme With Some Modifications Till Mar-End
  JULY 05,2012 New Delhi: The Reserve Bank of India (RBI) said Thursday that it would continue to buy convertible bonds change rear (CBCF) issued by Indian companies of till March 31, 2013, although with some changes in the...

Twice bitten, now shy: RBI keeps close watch on inflation
JULY 06,2012 MUMBAI: Even after the entry in a cycle of reverse rates the Reserve Bank of India (RBI) refuses to give up the fight against inflation. Captured off guard on projections of inflation over the past two years, it is the ...

RBI Asks Banks To Develop Cost-Effective Model In Villages To Promote Financial Inclusion
JULY 06,2012 New Delhi: The Reserve Bank of India (RBI) requested banks to come with an economic model to increase banking penetration in rural areas as awareness of the program of the Central Bank to promote the inclusion of financ...

IRDA Slaps Rs 1.5 Mln Fine On IndusInd Bank For Taking Excess Fee
JULY 06,2012 Chennai: India's insurance supervisory body Insurance Regulatory and Development Authority (IRDA) has obligatory a penalty of Rs 1.5 million on private sector lender IndusInd Bank for taking expenses over allowed li...

India's Forex Reserves Up $1.36 Bln To $290 Bln As On Jun 29 From Week Ago: RBI
JULY 11,2012 New Delhi, India Forex reserves Exchange rise by 1,360 billion $ 290 billion $ as June 29, 2012 from the previous week, the Reserve Bank of India (RBI) said Friday. The foreign currency assets increased from 1,170 b...

RBI To Auction 91-Day Treasury Bills Of Rs 70 Bln On Jul 11
  JULY 07,2012 New Delhi: The Reserve Bank of India (RBI) will be auctioned 91 days Government of good India of the Treasury in the amount notified method Rs 70 billion July 11, 2012, with "multiple price auction sale&...

Ready To Tweak Tax Treaty, But India Will Have To Ensure GAAR Will Not Override Pact: Mauritius FM
  JULY 07,2012 New Delhi: Mauritius agreed to introduce a clause in the bilateral tax treaty 30 years old with the India which, if incorporated, will offer incentives to entities only on the compliance of certain circumstan...

ICICI Bank to announce Apr-Jun financial result on July 27
JULY 05,2012 New Delhi: Largest private lender, ICICI Bank India will announce its first quarter financial results fiscal year (April-June) on July 27, 2012, he said Thursday. A meeting of the Board of Directors of the Bank held...

Kaushik Basu Successor Might Be A Non-Applicant
JULY 11,2012 New Delhi: As economic advisor Kaushik Basu left the Ministry of finance later this month, the Government seems to be finding it difficult to choose a replacement. Successor of the Basu could not be selected fr...

MF Investment May Be Part Of Rajiv Gandhi Equity Scheme
  JULY 08,2012 New Delhi: The Government may finally include the investments of mutual funds (MF) in the Rajiv Gandhi equity savings scheme (RGESS), in the context of Prime Minister Manmohan Singh outlining problems in...

Cholamandalam MS General Insurance Raises Rs 500 Mln To Fund Expansion
    JULY 09,2012 New Delhi: Insurer — life — the Indian private sector Cholamandalam MS General Insurance Co Ltd has raised the Rs 500 million through a rights issue to fund its growth in FY 2012-13. ...

Indian Banks' Heads To Meet RBI Officials Monday
    JULY 09,2012 New Delhi: Indian banks leaders will meet at the reserve Bank of officials of the India (RBI) Monday and will probably require the Central Bank to reduce policy rates in its monetary look and revie...

PMEAC Rangarajan Bats For Banking Licenses To Be Given On Basis Of Existing Rules
    JULY 09,2012 New Delhi: India of the banking sector regulator should allow new entities to enter space on the basis of the existing regulations, if they are adequate, economic Rangarajan of C Chairman of Adviso...

Finance Ministry Asks State-Run Banks To cap Bulk Deposit At 10% Of Total In FY13
  JULY 10,2012 New Delhi: The Ministry of Finance has requested State banks to cap their deposits in bulk companies to 10% of the total deposits for FY 2012-13, the business Standard reported Monday quoting an official lett...

State Bank Of India Not To Merge Associates With Itself This Year
    JULY 10,2012 New Delhi: More important lender the India State Bank of India does not plan to merge its banks associated with itself, this year, media reports said quoting an unidentified officer of the Bank. ...

Religare Plans Quiet Entry Into Health Insurance
  JULY 08,2012 New Delhi: You've heard talk of a company venturing into a new business, launch a new product, but not go for any advertising campaign probably not. However, Religare Enterprises is all set to reverse this...

BJP Not To Support More FDI In Insurance, Pension Sectors
  JULY 10,2012 New Delhi:The plan to revitalize the insurance and pension sectors by increasing foreign investment limit Direct (FDI) hit another dam. The main Opposition, Bhartiya Janata Party, he made clear that he would s...

Reserve Bank Of India To Roll Out Plastic Notes To Check Currency Counterfeiting
  JULY 10,2012 New Delhi: The Reserve Bank of India plans to introduce plastic project pilot of check counterfeiting of currency in the country, Deputy Governor H R Khan said. Counterfeiting of banknotes in plastic is very d...

India's Apr-Jun Net Direct Tax Collection Up 47.16% On-Year To Rs 842.73 Bln
  JULY 10,2012 New Delhi: Direct tax net collection the India develops 47.16% to Rs 842,730 billion in the period April-June of the current financial year 2012-13, against Rs 572,670 billion during the same period last year, the...

IndusInd Bank's Apr-Jun net profit jumps 31.12% on-yr to Rs 2.36 bln
  JULY 10,2012 New Delhi: The Indian private lender IndusInd Bank's fiscal first quarter (April-June) net profit jumped 31.12% to Rs 2,360 billion Rs 1.80 billion in the similar quarter a year ago.Income net interest of the ...

Foreign Banks' Indian Arms Can Include Some Part Of Net Overseas Placements In Tier I capital: RBI
  JULY 10,2012 New Delhi: The Reserve Bank of India will open market (OMOs) operations according to the evolution of the situation of liquidity in the banking system, said the Deputy Governor H R Khan, to the orientation of the ...

RBI To Conduct Open Mkt Operations Depending On Liquidity Situation: Dy Gov Khan
  JULY 09,2012 New Delhi: The Reserve Bank of India will open market (OMOs) operations according to the evolution of the situation of liquidity in the banking system, said the Deputy Governor H R Khan, to the orientation of the ...

State Bank Of India Not To Merge Associates With Itself This year
  JULY 09,2012 New Delhi: State Bank of India does not plan to merge its banks associated with itself, this year, media reports said quoting an unidentified officer of the Bank. Fusion (of associated banks) is not an immedia...

RBI May Have Scope To Cut Policy Rates If Core Inflation Eases: PM's Econ Advisor Rangarajan
  JULY 11,2012 New Delhi: The Reserve Bank of India may have to reduce rates of policy if not food manufactured to inflation and core inflation, moderate, Chief financial Advisor of the Prime Minister C Rangarajan said Monday, a...

RBI Worried Over Slow Deposit Growth: Indian Banks' Association Head Misra
  JULY 11,2012 New Delhi: The Reserve Bank of India Monday expressed concern over the slow growth deposit lenders Indians, president of banking industry body as Alok Misra of Indian banks association said. As June 15, deposi...

India's Economy Slowing Amid Moderating Global Economic Environment: OECD
  JULY 09,2012 New Delhi: Think tank based in Paris and organization for economic cooperation and development Monday, said the India had marked a slowdown in an environment where growth across all other major economies of the wo...

Lenders Ask Kingfisher To Get Fresh Equity Or Source Funds From Promoter's Liquor Biz To Pay Debt
  JULY 09,2012 New Delhi: Lenders to the carrier responsible for debts of the Kingfisher Airlines Ltd. India asked the airline to bring in equity from investors or infuse funds business of liquor of its promoter to service its d...

India's Apr-Jun Indirect Tax Collection Up 13.8% On-Year To Rs 1.07 Trillion
  JULY 11,2012 New Delhi: The India indirect tax Collection has increased in Rs 1.070 trillion 13.8% a year during the period April-June of the current financial year 2012-13, slower than the rate of application of 27% to meet t...

Existing Banks Suggest Rs 10 Bln Minimum Capital V/S Proposed Rs 5 Bln By RBI For New Banks
  JULY 11,2012 New Delhi: Institutions and banks have suggested increasing the minimum capital of Rs 10 billion for entities seeking to start new banks private Rs 5 billion proposed by the Bank of reserve of India last year, ref...

State Bank Of India To Meet Investors From Jul 16 For Overseas Bond Issue
  July 12,2012 New Delhi: State Bank of India will begin investors Monday meeting, on 16 July, for the issue of bonds overseas aims to increase of 1 billion $, the Reuters news agency reported the sources citing Thursday. Th...

Standard Chartered Bank's FY12 Net Profit Falls 15.7% On-Yr To Rs 17.36 Bln
  JULY 11,2012 New Delhi: Standard Chartered Bank the India unit recorded a drop of 15.7% of its net profit to Rs 17,360 billion in FY 2011-12, compared to Rs 20,590 billion in the previous fiscal year, due to higher for bad deb...

Housing Development Finance Corp Apr-Jun Net Profit Up 18.5% On-Yr To Rs 10.01 Bln
JULY 12,2012 New Delhi: More of the mortgage lender Housing Development Finance Corp. Ltd. (HDFC) exercise India first quarter (April-June) net profit reached 18.5% Rs 10,010 billion Rs 8,450 billion during the same period a year earlier...

Indian Banks Unlikely To Face Shocks In FY13 On Account Of NPAs: ICICI Bank's Kochhar
  JULY 11,2012 New Delhi: Indian banking division is implausible to face significant shocks of non-performing assets in the 2012-13 fiscal year, the Bank ICICI general manager and CEO Chanda Kochhar said, putting to rest concern...

RBI Asks Cooperative Banks To Allow Intra-Bank Account Portability
  JULY 11,2012 New Delhi: The Reserve Bank of India has asked all cooperative banks to allow the transfer of a branch of a bank account to another without a customer having to open an account and go through the know-how of your ...

India's May Industrial Output Rises 2.4% On-Year As Mfg, Electricity Sector Grow
  JULY 12,2012 New Delhi: Industrial Production reached India 2.4% year in May with the growth in the areas of manufacturing and of electricity, government data showed Thursday. April industrial production contracted by 0.9%...

Singapore PM Loong Says India's Biz Environment 'Complicated'
  JULY 12,2012 New Delhi: Prime Minister Lee Hsien Loong of Singapore called the business environment of the India as "complicated" in the India efforts to purify the air over the strict tax laws which frightened forei...

ADB Cuts India's FY13 GDP Growth Forecast to 6.5% On High Inflation, Weak Global Cues
  JULY 12,2012 New Delhi: The Asian Bank of development Thursday cut gross domestic product (GDP) growth projection the India for 6.5% for the 2012-13 fiscal year, 7%, world problems weighing on exports and strong domestic infla...

Diversion Of Farm Loan For Non-Agri Purpose Undermines Govt's Subvention Scheme: Subbarao
  July 12,2012 New Delhi: D Subbarao, Governor of Reserve Bank of India Governor Thursday is concerned about the misuse of certain loans to agriculture, sanctioned by below market rate, for non-agricultural purposes as it underm...

Moody's Assigns 'Baa2' Rating To SBI's USD Senior Notes
  JULY 12,2012 New Delhi: Investors Service on global credit agency Moody Thursday assigned a rating of "Baa1" to the State Bank of the show proposed senior USD notes India by the London branch of the lending instituti...

Find Whereabouts of Unclaimed Deposit Holders: RBI Tells Banks
07 Feb 2012 Mumbai: Reserve Bank banks unclaimed deposits to its list of targets, such as account holders to appear on websites, and a description of the procedure to claim by providing instructions for searching. Today issued a circ...

ATM card delivery fraud: ICICI Bank fined
06 Feb 2012 New Delhi: ICICI Bank by a consumer forum as your RS 20,000 consumers whose compensation is a wrong hand to ATM card had been fraudulently withdrawn the money from the account to pay for one point. ATM card a wrong addres...

Govt May Enhance Tax Deduction For Housing Loan In Budget
12 Feb 2012 New Delhi: In a bid to boost credit to the housing sector, the Government as the current limit of RS 1.5 lakh a year in housing loan interest paid by income tax rebate of RS 3 lakh to increase views. Government tax cuts f...

NRIS Take To Rupee Futures In Middle East
15 Feb 2012 New Delhi: Indian rupee futures surge in the interest of investors in Dubai Gold and commodity exchange, majorly where rupee futures can be traded outside of India as well as contributing to the development of the Exchange. ...

SBI Planning To Cut Interest Rate On Education Loans
13 Feb 2012 Mumbai: Main SBI banking today educational loans, a possible cut in lending rates, even though it is still indicated it is unlikely to reduce the base rate. "We have an ALCO (asset, liability Committee) meeting this ...

StanChart Pays Rs 55K As Damages To Customer
14 Feb 2012 New Delhi: Standard Chartered Bank has consumer Forum RS 55,000 damages as a customer to pay him RS 90,000 for unpaid credit cards more against sought the establishment and, even if he was back to look into his name card blac...

Panel May Ask For IT Exemption Hike
16 Feb 2012  New Delhi: A parliamentary panel direct taxes code (DTC) Bill that set up I-t to RS 3 lakh exemption limit is considered to discuss this report tomorrow. "Standing Committee on finance, will meet tomorrow to di...

RBI May Cut Interest Rate by 100 Bps In 2012: Citi
19 Feb 2012 New Delhi: Inflation during the next few months are likely to be in the range of 6.5 7.6 percent and moderation RBI during the 2012 100 basis points rate cut signals policy is expected to head Citigroup according to global fi...

'Value of Cheque Transactions Declines'
19 Feb 2012 Mumbai: Cross the country, check the total value of transactions through the same month last year, down 6.4 percent in December compared to 8.17 million amounted to RS. 2011 8.74 million Worth RS banks check in December 2...

CBI, BOM Cut Home Loan Rates By 0.25%
19 Feb 2012 Mumbai: Sagging home loan market to prop command, Central Bank of India (CBI) official creditors and Bank of Maharashtra (BoM) has announced up to 0.25 per cent interest rate reduction, and also ... To waive the processing fe...

Manappuram Fin to Split Ops from Promoter Entities By May 10
19 Feb 2012 Mumbai: Manappuram finance leading the Golden finance company promoter from working Magro (Manappuram agricultural farms) Reserve Bank of India has recently named its branches collect your promoter units were carrying out wit...

RBI To Issue Rs 1,000 Notes with Inset Letter 'R'
22 Feb 2012 Mumbai: The Reserve Bank of India (RBI) with 1000 rupees banknotes inset soon denomination in Mahatma Gandhi series "r". "The Reserve Bank of India soon 1000 rupees denomination banknotes by Mahatma Gandhi ...

Post-Rs 1 Cr Fraud, Bizman Wants Bank Case Quashed
20 Feb 2012 New Delhi: There is more than one section of the Delhi High Court fraudulently obtained with loans of RS charged, has rejected a plea from a bank eight years ago, a criminal case against him that he had reached an agreement w...

Muthoot Finance Plans Rs 500-Cr Bonds
19 Feb 2012 Mumbai: Muthoot gold loan finance company loans, today said that the company expected to hit third bond issue with the head of this fiscal year, 500 crore by the end of this month to market. Muthoot finance Managing Direc...

Indian Bank Introduces A/C Portability Facility
19 Feb 2012 New Delhi: State -owned Indian bank account portability feature that your customers even if they arm allow maintaining account number. Utility customers to his or her own account from any of the branches of operations wou...

Credit Off take Growth Slows To 15.8%
23 Feb 2012 Mumbai: Non-food credit off take in March 10, the lowest so far this financial system, high interest rate means of reflecting RS 45.20 do during the months it slipped by 15.8 per cent in million. February 11, 2011 off rel...

Citi To Exit HDFC, To Take Home $2 Bn
23 Feb 2012 Mumbai: Citigroup Global Banking chiefs in its entire stake of India decided to offload more than USD 2 billion dollars, but the value in both financial institutions mortgage sources said today that major HDFC. A senior e...

Citi Sells Entire Stake In HDFC
24 Feb 2012 Mumbai: More important lender the India State Bank of India does not plan to merge its banks associated with itself, this year, media reports said quoting an unidentified officer of the Bank. "Fusion (of associated b...

Aviation NPAS Manageable: RBI
24 Feb 2012 Mumbai: The Reserve Bank of India (RBI) Deputy Governor k c Chakrabarty said that stress faced by banks of their risk of aviation is a manageable problem. " "Yes, aviation is a problem . Managing a problem, we t...

Indian Bank May Tap Capital Market Next Fiscal
27 Feb 2012 New Delhi: State-owned Indian Bank today said if favorable market conditions on public offering (FPO) are it next financial year can come up with. "We don't need capital immediately. We can go to the next fiscal ...

SBI Cuts Interest Rate on Education Loans
27 Feb 2012 New Delhi: India's largest lender, State Bank (SBI), a lower interest rate on the credit system of education means up one percent in the interest rate cut by the announcement. Under the amendment, announced today more...

PM : Banks May Support Kingfisher Airlines For Turnaround
December 15, 2011 Mumbai: Kingfisher Airlines Ltd., the Indian carrier that sought government assistance after losses widened, may find support from banks in its turnaround efforts, said Prime Minister Manmohan Singh. “If they ...

Banks To Suffer Losses On 2G Loan Exposure: Moody's
Mon 27 Feb 2012 New Delhi: Indian banks, particularly public-sector lenders, which in the case of licenses of 2 g spectrum allocation were canceled by the Supreme Court on the telecom companies will suffer losses, credit the taxpayer Moo...

RBI To Meet Bankers Tomorrow On NPAS
28 Feb 2012 Mumbai: Reserve Bank Deputy Governor K c Chakrabarty of nonperforming assets (NPAs) growing in the system will meet top bankers yesterday to discuss. Most senior Deputy Governor Reserve Bank headquarters would meet yester...

Rupee Advances by Another 24 Paise Vs Dollar
29 Feb 2012 Mumbai: Banks and foreign market of Indian rupees in foreign capital flows between the continued dollar weaknesses, exporters in the late morning trading on dollar sales by the U.S. currency against another 24 cents to 48.83 ...

StanChart 2011 Earnings Up 10.7 Pct
29 Feb 2012 Mumbai: Riding on the back of strong Asian economic growth to continue as Standard Chartered PLC on Wednesday, earning a ninth consecutive year of record pretax profit in 2011 – Milan 6.6 percent increase reported. ...

Stanchart India Profit Falls 3% At $98 Mn
29 Feb 2012 New Delhi: Standard Chartered Bank India today three percent fall in operating profit USD 98 million for 2011, but said it in this year's development path is confident of starting "Profit is $ 3 million, or 3 act...

Currencies Head For Second Month Of Gains
29 Feb 2012 Mumbai: Most growing Oriental foreign exchange are advancing for a  second month of profits in Feb,  Fueled by region, and funds to flow by the European Central Bank for a second injection in March are expected to p...

Banks Seek Clarity In Classification Of Restructured Loans
29 Feb 2012 Mumbai: Top banker’s today bad accounts more than the Reserve Bank about the classification of clarity and demanded that they be given flexibility in dealing with the debt restructuring. "Today, there is a myst...

Rupee Gains 6 Paise Against Dollar
29 Feb 2012 Mumbai: Rupee gains in local stocks tomorrow by the American currency continued among exporters selling at US $ 49.01-02 compared to rise six cents in. Forex dealers said the firm dollar capped foreign it somewhat, while ...

Muthoot Finance's Rs 500-Cr Bond Issue Opens on Friday
29 Feb 2012 Mumbai: Muthoot finance company RS 500 crore gold loan bonds issued to finance this, third, said today that will hit the market on Friday. "We have a (nonconvertible debentures) 250 million NCD issue which has green-...

RBI Allows NMIZS Developers To Raise ECB
29 Feb 2012 Mumbai: Mega national manufacturing investment areas (NMIZs), a new proposed manufacturing policy, pushed developers to raise foreign loans under ECB route RBI to allow today. External commercial borrowing (ECB) raising c...

Moody's Cuts Central Bank Of India Rating Outlook To Negative
29 Feb 2012 New Delhi: Global ratings agency Moody's rating down to Central Bank of India today approach ' negative ' from ' stable ' weak asset quality account is modified. "India's relatively modest cap...

Tax All But 35 Services, States Ask Centre
04 Mar 2012 New Delhi: Centre for ambulance, beauty parlors’, Wedding Hall States, as long as 35 services interest on bank deposits in the upcoming budget, your service net widening, leasing of vehicles and machines for the mind be...

OBC Raises Fixed Deposit Rates By 3.5%
05 Mar 2012 New Delhi: State-owned Oriental Bank of Commerce has maturities up to 3.5 percent, according to the value you submit to select between strict liquidity positions of higher rates today. 31-45 days to maturity of 8.5 per ce...

CitiBank To Increase Market Share In 'Emerging Affluent' Segment
05 Mar 2012 Mumbai: International financial major City Bank said today it was recently identified by 10 % in the growing ' successful ' 15 % of its focus on to increase business. Volume name ' thriving ' those 1.5 mil...

HDFC Launches Bharosa Gold Loan Scheme
06 Mar 2012 Kochi: Semi urban and rural markets, private lender HDFC Bank "Bharosa foraying gold loan scheme launched today at the national level. The product was designed for rural customers, which tailor the underprivileged, b...

Gold Improves On Good Retail Buying
03 Mar 2012 Mumbai: Gold prices continued to improve further on domestic bullion markets here today on local buying interest as well as increased contrast due to silver jewelry, stockiest and retailers fell by speculators taking advantag...

Billionaires' Wealth Bts Govt Consumption
09 Mar 2012 New Delhi  : The collective wealth of billionaires as well more than double the 48 fiscal deficit on the current fiscal year the amount RS 4.12 million estimated by the Government. According to the latest Forbes list...

RBI Cuts CRR by 0.75 Percentage Points
Fri 09 Mar 2012 Mumbai : To reduce the liquidity position, the Reserve Bank today reduced the CRR-banks with the Central Bank-0.75 percentage points are required to keep a part of the deposit that will infuse RS 48,000 crore in the econo...

Factor in risks, transaction costs, liquidity while calculating returns
December 13, 2011: "15%? That's kind of low, isn't it?" said the distinguished looking person to whom I had been explaining the arbitrage returns from the Indian markets. We were at a Diwali social gathering, and I did ...

Build your Present tax plan Direct Tax Code-ready
  December 13, 2011: For many salaried tax-payers, December 31 is not just the much-awaited New Year's eve. It has another significance: it's also the deadline set for them by many companies to submit their investme...

Bharti AXA Unit Linked Life Future Invest Policy Launched
December 13, 2011: This is a limited payments unit-linked life insurance policy. The term of the policy is fixed at 10 years and the premium paying term is five years. Life insurance benefit: There are two options under the plan - hi...

In Oct Credit Card Transactions Value Up By 33%
December 13, 2011: Credit card transactions carried out in October were worth Rs 8,997.63 crore, up 33.1% from that in the same month last year, signifying that people are shifting to electronic means of payment. The number of credit...

EU Banks Seen Flashing 'Vicious Cycle'
December 13, 2011: European banks turning to their governments to raise required capital could trigger a downward spiral of declining sovereign-debt prices and further losses for the lenders. The European Banking Authority ordered th...

Global Financial Managers Plans To Dismiss Scores Of Employees In India Units
December 13, 2011 : Slowing growth in home markets, rising cost pressures and a worsening macro-economic environment have prompted global financial services firms such as Nomura, Credit Suisse and Morgan Stanley to dismiss scores of empl...

'Govt Might Fall On FY12 Deficit Targets'
December 13, 2011 : With a sharp drop in the pace of tax collections and a spike in subsidy bills, the Reserve Bank of India (RBI) today said the government would find it hard to stick to deficit targets for the current financial year. ...

Delay In Providing Clearance For Projects Raises Default Risk For Banks
December 13, 2011 : The finance ministry has flagged the issue of delay in giving clearances by state governments to infrastructure projects increasing risks of defaults and bad loans for banks. In the eastern region, five infrastruc...

Banks unlikely to achieve RBI's 18% loan growth target
December 13, 2011 : Loan growth, which has slowed significantly in the current financial year due to high interest rates, may result in banks falling short of the Reserve Bank of India (RBI)’s loan growth projection of 18 per cent ...

Indian Rupee Slumps to Fresh Record Low Against U.S Dollars
December 13, 2011 : The Indian rupee sank to a fresh record low against the U.S. dollar Monday, increasing expectations of tougher actions from authorities to protect Asia’s worst-performing currency this year. The rupee has co...

Indian Stocks Dropped The Most in Asia on Output Data
December 13, 2011 : Indian stocks dropped the most in Asia after the nation’s industrial output shrank in October for the first time in more than two years, sending the rupee to an all-time low and narrowing bond yields. Relian...

Bond Yields Hit 10 Week Low On Expectation of Halt In Rate Increase
December 13, 2011: Indian bond yields fell to a 10-week low on speculation slowing economic growth will prompt the central bank to halt interest-rate increases. Industrial output fell 5.1 percent from a year earlier after a revised 2...

Indian Rupee Falls Ahead Of Factory Output Data
December 13, 2011 : The Indian rupee fell on Monday as oil importers bought dollars and shares were choppy ahead of factory output data due around 11 a.m. (0530 GMT) that is expected to show the first contraction in more than two years. ...

South Indian Bank Plans To Open Corporate Finance Branches
December 13, 2011 : South Indian Bank is planning to open exclusive corporate finance branches in metro cities to tap potential in corporate sector, according to its Managing Director and Chief Executive Officer, Dr V A Joseph. Speak...

Goldman bullish on growth prospects in India
April 1, 2012 New Delhi: Global investment banking and securities firm Goldman Sachs which held its 1st ever board meet in India last week has said that it would like to grow its business here in line with the growing economy. "...

DoP plans to set up 1,000 ATMs
April 2, 2012 New Delhi: The Department of Post (DoP) is planning to set up 1,000 automated teller machines (ATMs) across six states --Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu -- under its ongoing modernisat...

Indian Bank Revises FCNR Deposit Rates
April 2, 2012 New Delhi: State-run Indian Bank today said has revised the rates of interest on overseas currency non-resident (banking) deposits with instant effect. For FCNR (B) deposits in USD terms, the revised interest rates was ...

Post Office Savings Bank Services In J-K Report 21% Growth
April 3,2012 Srinagar: Post office savings bank services in J&K have registered a growth of 21 % during the past financial year and the Department of Posts has set a target of 25 % growth during this economic, a senior postal officia...

Assocham Urges RBI To Cut CRR By At Least 75 Bps
April 3, 2012 New Delhi: Industry body Assocham today urged the Reserve Bank of India to cut cash reserve ratio by another 75 basis points and repo rate, the level at which banks borrow from the apex bank, by 50 basis points. CRR is ...

Federal Bank Hikes Interest Rate On Term Deposits
April 3, 2012 New Delhi: Federal Bank has hiked the interest rates on both-resident as well as NRE term deposits for a period of 1 year to 10 % effective from April 3, a statement issued here said. Interest rates for deposits of resi...

Financial Assets Worldwide To Touch $371 Trillion By 2020
December 12, 2011 New Delhi: The value of financial assets worldwide is expected to touch $371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinse...

RBI Permits Correspondents To Conduct Biz For Other Banks Too
05 Mar2012 Mumbai :  Financial inclusion in a bid to step up, Reserve Bank of India (RBI) all business correspondents (BCs) or representative of any one particular bank as well as other banks to conduct business. RBI circular RB...

Rupee Drops To 9-Week Low At 50.90 Vs Dollar
22 Mar2012 Mumbai: Rupee at late morning trading yesterday to  fresh nine-weeks, banks and importers for the US currency against the u.s. dollar in constant demand at 50.90. Also, a stronger dollar in foreign markets, also affec...

ING Vysya Hikes Short-Term Deposit Rate By 0.25 Per Cent
20 Mar 2012 New Delhi: ING Vysya Bank said today it is 0.25 percent to 10 percent of its active deposit scheme to boost its short-term deposit rates. "The Bank is now promoting her successful Active deposit scheme, 9.75 per cent...

SBI Shareholders Approve Rs 7,900 Cr Capital Infusion
20 Mar 2012 Mumbai: The nation's largest lenders SBI (SBI) today said its shareholders approved the capital RS. 7900 million infusions by the Government. On March 19, 2012, the Bank's shareholders general meeting for a consid...

RBI Extends Deadline For MFI Provisioning Norms To Apr'13
21 Mar 2012 New Delhi: The Reserve Bank of India (RBI) deadline criteria asset classification and nonbanking financial company-micro finance institutions (nonbanking financial company-MFIs) from April 1 to April 2013 to put provisioning ...

Capital Requirements For Co-Ops To Jump Manifold: RBI
22 Mar 2012 Mumbai: The Reserve Bank today the minimum capital requirements for banks will soon be up to 3 Rs 15 lakh CR presents as more will be added. "Location and area .Depending on us (guidelines for cooperative banks). The...

SKS Microfinance Securitises Loans Worth Rs 321 Cr
23 Mar 2012 Hyderabad: SKS microfinance Ltd, India's only listed micro lender today said it is full of four banks to securitization for 321 million. And 243 million this step for the other two transactions worth RS 350 crore in Janua...

Interest Rates on Small Savings Schemes May Go Up By 0.25%
25 Mar 2012 New Delhi: Government post offices, savings accounts, monthly income scheme (MIS), public Provident Fund (PPF), such as the interest rate on deposits offered by the schemes is expected to increase by around 0.25 per cent from...

Number Of Private Money Lenders In Maharashtra Goes Up
25 Mar 2012 Mumbai: Private money lenders in Maharashtra to do well in 2010 from 8323 7636 in 2011, increasing their number in the State are doing with State economic survey recently released by look. As many as 1331 new license as l...

ICICI Bank To Pay Customer Rs 25K For Freezing His Account
26 Mar 2012 New Delhi: ICICI Bank to its customers by a Delhi-based consumer forum as one of the 25,000 of compensation, your account, pays your debt repayment for freezing, bouncing his troubles to check the forefront has been ordered t...

RBI Asks Banks To Locate 1.2 Cr Inoperative Accounts: GOVT
26 Mar 2012 New Delhi: The Reserve Bank banks about 1.2 to find pro-active whose accounts are inactive million account holders has more than 10 years, the Government said. "In view of the public interest, the Reserve Bank of Ind...

Fds, Lockers: Signatures Not No More Needed
26 Mar 2012 Mumbai: The Reserve Bank of India (RBI) today the banks of their funds to invest in fixed deposit (FD) plans or a bank locker open sign of stress do not ask. Reserve Bank, however, said that the individual fixed deposit o...

The Fifth Pay Commission Tells A Month, The RBI Norms NBFCs Modify
26 Mar 2012 Mumbai: The Reserve Bank today said that all non-banking financial companies (NBFCs to modify their fair) Civil Code (the fifth pay Commission) standards within a month of their boards with prior approval. "The NBFCs...

Puri Monastery Silver RBI Wants HC Scene
27 Mar 2012 Cuttack: Orissa High Court notice to Reserve Bank of India (RBI) a plea for more than 80 million was taken from a monastery last year in Puri, all worth RS 522 silver bricks, soliciting their views on the issue of demand to a...

Term Deposit Rates By RBI Warns Banks
27 Mar 2012 Mumbai: Sensing something wrong with retail and wholesale lenders, deposit rates the Reserve Bank of India has maturities of term deposit offer different rates sharply on all banks to avoid. "If the difference betwee...

"Not Possible" Islamic Banking In India
27 Mar 2012 New Delhi: The Government said today that it is interest-free Islamic banking activities to be carried out for domestic banks to legally viable. "Inform Reserve Bank that existing legal and regulatory framework, Indi...

PSU Banks ' Q3 Net Profit Fell 3%: Government
27 Mar 2012 New Delhi: Public sector banks 3.06 per cent plunge in net profit at RS 31688 million and higher provisioning risk areas such as aviation and telecommunications because this fiscal quarter to December, Parliament was informed...

Home Loan Customers Can Switch To A Lower Interest Rate: SBI
27 Mar 2012 Mumbai: Their interest burden to a large number of home loan customers will help in a move, the country's largest lender State Bank of India credit re price them at their current low rates to allow. The outstanding lo...

Rupee Jumps 58 Cents Vs Dlr; 5-Session Collapse String Snaps
27 Mar 2012 Mumbai: Rupee yesterday a thick fresh money its five-session string fall 58 dollars by exporters and banks on sale of u.s. currency to finish. Intervention of central banks and the equity markets bounced back ino the rupe...

Rupee Down By 9 Paise Vs Dlr at 50.78/79
28 Mar 2012 Mumbai: Rupee yesterday from local stores and importers 50.78/marginal 81 dollars after weakness in demand for good posture to 9 cents against the close fell. Due to the slow-down in capital inflows for Anti Avoidance rul...

Taxman HSBC Can Prosecute
28 Mar 2012 New Delhi: Indian income tax department allegedly stashing money abroad to drain in to HSBC to be against the idea. The Department, which has more than 700 names money allegedly provided by the French Government in Geneva...

Non-Performing Assets Of Banks In Order To Improve The Spike: RBI
29 Mar 2012 Mumbai: The Reserve Bank of India (today the banks asked to improve the ability to manage the RBI) on the property, but said nothing in this financial year nonperforming assets (NPAs) in an unexpected increase in dangerous le...

Goldman's Top Jobs In India To Meet?
29 Mar 2012 Mumbai: Half the world away from Wall Street, embattled Goldman Sachs Group Inc. 's Board of Directors in India reports that senior executives, Chief Executive Officer and Chairman of the Division to get talked about, amo...

ING Vysya Launches Multi Currency Forex Travel Card
29 Mar 2012 Mumbai: ING Vysya Bank today launched a Forex travel card scheme, and it is targeting up to five percent, said private-sector lender in three years the market share of travel card area. "We are the world's first ...

Fake Gold Return Of Alleged By Muthoot
29 Mar 2012 New Delhi: A Delhi Court Muthoot Fincorp, nonbanking financial company showing off their customers instead of real gold metal to one of your loan approval after the return to gold, blaming a complaint against the lender a che...

Rupee Dollar Tumbles Against 62 by Money
29 Mar 2012 Mumbai: Rupee Exchange importer 51.40/41 US dollars on demand for sustained and weakness in local stocks against a nearly 11-week low to close at banks to get money from tumbled 62. Current situation in fresh capital outf...

World Bank Assures Support For BRICS Development Bank
30 Mar 2012 Mumbai: The World Bank today its ongoing economic problems their economies, rising oil prices and currency volatility from a Development Bank set to offer to support the BRICS Nations expressed. "The idea of India (B...

P-Note Holders Are Not Liable To Pay: FM
30 Mar 2012 New Delhi: At rest the uncertainty about foreign investments, Finance Minister Pranab Mukherjee today individuals participation notes (P-notes) through investing in stock markets, India, an assurance that pushed the market to...

Banks 2 G RS 28 K CR Risks for Telecom Companies: Pranab
30 Mar 2012 New Delhi: Banks said today that the license fee and the Government to roll out 2 g services related activities for telecommunication companies to a total of RS 28,000 crore risks. "Banks ' total outstanding expo...

HSBC Bank Geneva Are Realized In 181 Crores
30 Mar 2012 New Delhi: The income tax Department of taxes RS 175 million from HSBC Bank accounts in Geneva, unreported cash deposits of the Government with respect to said today that have realized. "An amount of RS. 175 crore to...

GST Can Help Contain Inflation: Gokarn
30 Mar 2012 Mumbai: RBI, which for the past two years battling inflation, said today that the goods and services tax (GST) tax regime as proposed is the introduction of the market can take away the pressure of demand price increases invo...

SBI Stock Has 1.62% of The Slips On The FD Rates
28 Mar 2012 Mumbai: The country's largest Lender State Bank (SBI) stock has 1.62 per cent in early trading today  fell to the Bombay Stock Exchange after it has maturities at fixed deposit rates selected by up to 1 per cent. ...

Sensex Gains On Buying Low Level 157
 30 Mar2012 Mumbai: The Bombay Stock Exchange benchmark index 157 points money and engaging grassroots retailers by fresh buying in early trading today on the recovered from. 30-share barometer, which nearly 200 points, or 0.92 ...

Cross-Listing, Start the BRICS Markets
Mar 30 2012 Mumbai: Your product offerings to expand beyond the home markets, emerging markets index, the world's leading five is derived from cross-index to the list today. Accordingly, Brazil's IBOVESPA futures; Russia'...

India Gold Imports By 14 Tons In FY ' 11 969 Pcs
30 Mar 2012 New Delhi: India's gold imports in 2010-11 financial years rose 969.73 ton 14 per cent, while Parliament was informed today. Gold imports approximately 851 tons in fiscal year 2009-10, the Minister Namo Narayan Meena,...

Sensex Surges Close To 346 Points
30 Mar 2012 Mumbai: After two days of declines, the Government made it clear the BSE as 17, 404.20 two weeks of high 346 points shot up that investing in Indian stocks through p-notes index funds in tax liability. In addition, 11-wee...

Essar India CAP Reforms Of SEC Exhaust
Mumbai, Fri Mar 30 2012: Essar said today it is the capital of RS 62 a share price of an exhaust of the Essar group owned by public shareholders securities remaining stake for India. Reverse book building process in terms of price di...

PTC India Financial IEX Offloads Stake
New Delhi, Fri Mar 30 2012 : PTC India financial services India, an arm of PTC, power traders said today it is in 14 per cent to 71 million rupees the Indian energy Exchange Limited (IEX) is sold. "PTC India financial services (...

Raise $ 250 Mn IPO Eros Intl We Plan
New Delhi, Fri Mar 30 2012: Eros international media and entertainment firm in Mumbai today to fund the co-production and the acquisition of up to US $ 250 million to us is planning an initial public offering. The London Stock Exchan...

RBI Asks Lenders To Assist Customers In Taking Informed Decisions
MAR 01,2012 New Delhi : The Reserve Bank of India (RBI) has asked lenders to give details to clients of the Bank who can help them make informed decisions.   As indicated by Mr. K c Chakrabarty, Deputy Governor, RBI, "ho...

State Bank of Hyderabad Ups Term Deposits By Up To 160 Basis Points
  MAR 02,2012 New Delhi : The  State Bank of Hyderabad  has raised its interest rates on domestic term deposits of up to 160 basis through various deadlines, w.e.f 29 February 2012. The Bank has increased rates of ...

Canara Bank Revises Rate Of Interest On Foreign Currency Deposits
MAR 02,2012 New Delhi : Canara Bank has amended interest rates on its foreign currency non-resident (B) deposit scheme (FCNR), w.e.f 1 March 2012. The Bank has revised the rates of FCNR deposits through various maturity buckets of 1...

ICICI Bank Modify Charges On Savings Account
  MAR 02,2012 Mumbai : ICICI Bank has raised costs of service on bank savings accounts and also introduced a tax on transfers of mobile. From April, now ICICI Bank put Rs 350 for a minimum monthly balance non-maintien in the sav...

Corporation Bank Starts New Zonal Office In Gujarat
MAR 05,2012 New Delhi : Corporation Bank opened a new zonal Office in Gujrat. In addition, the Bank also began lounge of the senior citizen and a counter of loan of special gold city Alkapuri branch. The Bank has deployed special age...

Punjab National Bank Change Interest Rates On Foreign Currency Deposits
  MAR 05,2012 Mumbai : Punjab National Bank has revised the rates of interest on its foreign currency non-resident (B) deposit scheme (FCNR), w.e.f 1 March 2012. FCNR deposit rate has been revised through various ...

Vijaya Bank Trim Rate Of Interest On Micro Small And Medium Loans
MAR 05,2012 Mumbai : As thrust micro loan portfolio additional small and medium-sized enterprises (MSMES), Vijaya Bank has reduced the rate of interest on loans to MSMES by 0.25% 426.4, w.e.f 1 March 2012.    In additio...

SBI Cards Unveils New Proposal
MAR 05,2012 New Delhi : The Reserve Bank of India (RBI) has reduced the rate of reserve of cash (CRR) of 0.75 percentage points in its report strategic key, but the move is likely to bring an immediate reduction in lending rates. ...

RBI Lowers Cash Reserve Ratio By 75 Basis Points
MAR 12,2012 New Delhi : The Reserve Bank of India (RBI) has reduced the rate of reserve of cash (CRR) of 0.75 percentage points in its report strategic key, but the move is likely to bring an immediate reduction in lending rates. ...

HDFC Bank Launches Bharosa Gold Loan
MAR 07,2012 New Delhi :  To join the rural market, HDFC Bank has announced the launch of "Bharosa" ready for gold for rural customers. The Bank offers "Ready Bharosa of gold" through its 1,300 branches, dist...

Oriental Bank of Commerce Increased Fixed Deposit Rates
  MAR 06,2012 New Delhi : The Oriental Bank of Commerce (OBC) raised interest rates on the high value fixed deposits up to 3.5% on selected dates, with effect from March 1, 2012.   As in the statement of the Bank, in...

Citibank Unveils Retail Proposal
  MAR 06,2012 New Delhi : Citibank has unveiled an initiative, "Citibanking" that allow savings account holders to deposit to take advantage of services such as the issuance of project, duplicate statements, funds tran...

RBI Permit Correspondents To Conduct Business For Other Banks Too
  MAR 06,2012 New Delhi : To encourage financial inclusion, the Reserve Bank of India (RBI) has enabled all (BCs) business correspondents or representative of a Bank of data for the conduct of the business to other banks also. ...

After 1st April, Encash Your Cheques Within 3 Months
  MAR 23,2012 New Delhi : The Reserve Bank of India (RBI) made the banks not to make payments on cheques and other fiscal gadget that are more than three months of the following fiscal year. As declared in a round issued by ...

Allahabad Bank Launches Account Portability Scheme
  MAR 22,2012 : The Allahabad Bank introduced facility of number portability to account for its customers, which will allow them to transfer their accounts from one branch to the other with ease. Account number portability ...

Bank Of India Increased Term Deposit Rates
  MAR 22,2012 The Bank of India raised interest rates on deposits to term in all of the various deadlines of up to 150 basis points with effect from March 22, 2012. Now, for deposits up to Rs 1.50 million, the interest rate...

Small Savings Set To Award High Returns
  MAR 21,2012 : The Government increased the rate of interest on the patterns of different small economies such as National savings certificate (NSC), post office, deposits, etc. by 20 points of base-50 basis points. However...

SBI Propose Lower Interest Rates To Old Home Loan Borrowers
  MAR 21,2012 : State Bank of India gave the reason for joy at his old home loan borrowers as the Bank has decided to allow its former borrowers to switch to the new floating rates, which are much lower. Borrowers who have ...

Bank Of Baroda Raises Interest Rate On Term Deposits
  MAR 21,2012 : The Bank of Baroda has increased the rate of interest on term deposits and the deposits of the RDA of up to 25 basis with immediate effect. The Bank raised the interest rate on deposits under Rs 10 million f...

RBI Terminate The License Of Co-Operative Bank
  MAR 29,2012 : The Reserve Bank of India has terminate the licence the Bhusawal people's Co-operative Bank Ltd., the co-operative Bank in the State of Maharashtra following the anxiety of depositors. As said by RBI in ...

Axis Bank make stronger Its Presence In Merchant Acquiring Space In India
  MAR 28,2012 Mumbai : Axis Bank has emerged as the pioneer crossing 2,00,000 Point of Sale (PoS) terminal facilities in the space merchant and acquisition in India. Can find the network axis Bank PoS current segments varied...

SBI Increased Fixed Deposit Interest Rates By Up To 1%
  MAR 28,2012 Mumbai : The State Bank of India (SBI) raised rates of fixed deposit up to 1% on selected dates, with effect from 28 March 2012. Interest on fixed deposits with maturity of 7 to 90 days period is increased from...

Punjab & Sind Bank Modify Rate Of Interest On NRE Rupee Term Deposits
  MAR 28,2012 Mumbai : The Punjab & Bank Sind raised rates of interest on its non-resident external (NRE) rupee term deposits scheme w.e.f March 26, 2012. The Bank increased interest rates on a year from 9.5% to 9.75% N...

Get More Earnings On Small Savings Schemes Like NSC, PPF
  MAR 27,2012 New Delhi : Low savings plans, such as the Fund of public welfare (WP), deposits of post office, national certificate (NSC) savings get a performance of the following financial year. A year 10 NSC will now get 8.9 ...

Indian Bank Revise Foreign Currency Non-Resident (Banking) Deposits Rates
  APRIL 03,2012 New Delhi : Indian Bank has revised the rates of interest on deposits in foreign currency non-resident (banking) with immediate effect. FCNR (B) deposits in USD, Bank terms set the rate of interest to 2.30% ...

Sundaram Finance Raises Term Rates To 10.25%
  APRIL 03,2012 New Delhi : Sundaram Finance, non-banking finance company (NBFC) increased the interest rate on deposits for a year of 0.50%. The new rates will be applicable on the elderly and others, w.e.f April 9, 2012. ...

Syndicate Bank Opens 108 Branches
  APRIL 02,2012 New Delhi : Syndicate Bank has opened 108 branches across the country. Mr M.G. Sanghvi, Chairman & organization Director, Syndicate Bank said that athey are preparation to open 200 branches for the durat...

RBI Imposes Fine Of Rs 5,00,000 On Sulaimani Co-operative Bank Limited
  MAR 31,2012 Mumbai : The Reserve Bank of India (RBI) has obligatory a fine of Rs 5,00,000 on Sulaimani Co-operative Bank Limited, Gujarat, for desecration of the standards set by. The apex Bank was found guilty of violati...

ING Vysya Bank Reveal Multi-Currency Forex Travel Card
MAR 30,2012 Mumbai : ING Vysya Bank launched a multicurrency forex travel card and is designed to catch one to five percent of the segment map travel market in the next three years. As said by Mr. Shailendra Bhandari, Director genera...

RBI Fined Of Rs 1,00,000 On Harij Nagarik Sahakari Bank Limited
  MAR 30,2012 Mumbai : The Reserve Bank of India  fined of Rs 1,00,000 Harij Nagarik Sahakari Bank Limited, West of Gujarat State, for breach of the guidelines in. The RBI has been found guilty of violation of regulato...

Government To make use of Current Infra For Banking Services In Rural Areas
  APRIL 09,2012 New Delhi : To help banks meet their goals for financial inclusion, the Ministry of Finance gave its authorization for the use of the current infrastructure of the ministries of the Government, as the panchayati ...

IDBI Bank Opens 16 Ultra Little Branches In Rustic Areas
  APRIL 06,2012 New Delhi : IDBI Bank Ltd. opened branches ULTRACOMPACTES (USB) in 16 locations in the villages for the restoration of the differing financial needs of the rural population. The Bank also plans to establish ...

Postal Department To Place Up 1000 ATMs
  APRIL 04,2012 New Delhi: The Department of post (DoP) goal of 1,000 automatic teller machines (ATMs) across six States, including Assam, Uttar Pradesh, Rajasthan, of Karnataka, Maharashtra, and Tamil Nadu. As declared by ...

Central Bank of India Make A Decision To Close Zero Balance Accounts
  APRIL 05,2012 New Delhi : The  Central Bank of India  decided to close the bank accounts that have balance zero. As stated in the notice issued by the Bank, "account holders are very aware that they must mai...

SBI Reverses Stance on lowest Account Balance in Savings Account
  APRIL 05,2012 :Mumbai : Customers of State Bank of India (SBI) should now be to sustain a minimum balance in their savings accounts.     Earlier the Bank had witnessed a wave of new bank account openings in the...

Vijaya Bank Increases Domestic, NRE Term Deposit Rates On Chosen Maturities
  APRIL 04,2012 Mumbai : The interest rates has raised by Vijaya Bank on familial term deposits and non-resident external (NRE) rupee term deposits of up to 50 basis points, w.e.f April 1, 2012. As said in a statement issue...

Axis Bank Organize Cash Deposit Equipment Across Nation
  APRIL 04,2012 New Delhi : Axis Bank has deployed 200 cash deposit machine in its varied branches in 90 cities throughout the country. These machines are installed in order to provide its customers a 24 x 7 convenience of ...

Public Banks Work Full Day On Saturday
  APRIL 04,2012 Mumbai: Given three holidays this week, the Ministry of finance requested the public sector banks to work a full day on April 7, 2012. The Department asked public banks to work for a complete day instead of&...

Federal Bank Increases Interest Rate On Term Deposits
  APRIL 04,2012 New Delhi : Federal Bank raised the interest of residents rate and term deposits RN for a period of 1 year to 10%, with effect from April 3, 2012. The Bank has set the interest rate for deposits of residents...

Banks Are Allowed To Run Advertisements On ATM Monitors
  APRIL 16,2012 : The Ministry of Finance has allowed banks to use ATM screens for advertising. The Government has allowed to publish their own services and financial products or those of mutual funds, insurance companies, b...

Man Sent To Jail for 15 Days For Bounced Cheque
April 3, 2012 New Delhi: A man has been sentenced to 15 days in jail by a Delhi court for dishonoring of his cheque worth Rs 25,000 due to insufficient fund in his account. Metropolitan Magistrate Gaurav Gupta also ordered condemn Al...

Credit Card Fraud: Indian Jailed On Name
April 5, 2012 New Delhi: An Indian tourist here had to endure imprisonment after an impostor allegedly ran up unpaid credit card bills in his name. Mathew Joseph, a fisherman from Thiruvananthapuram says is visiting  United Arab...

Low Inflation Provides Room For Policy Rate Cut: Gokarn
April 5, 2012 New Delhi: Ahead of its annual monetary policy, the RBI today said cutting policy rate to promote investment depends upon moderation in inflation and financial consolidation. "We need to have low inflation, need to...

High Inflation Slows Rate of Deposit Growth in Banks
April 9, 2012 New Delhi: High inflation has slowed down the pace of deposit growth for the banking sector which has fallen short of RBI estimates of 17 %, aggravating the liquidity position in the system. While deposits in the bankin...

No Holiday for Most, Banks To Remain Open, Work Full Day Tomorrow
April 9, 2012 Mumbai: After three holidays this week, all public sector and many private banks would function full day tomorrow. Banks are usually open to public relations between between 10 am and 1 pm on Saturday. However, the Mini...

Reserve Bank of India Credit Policy: SBI To Look At Rate Cut
April 9, 2012 Mumbai: Country's biggest lender SBI today said it will consider reducing lending rates after the announcement of the Reserve Bank's annual credit policy on April 17. "Of course, we hope to see in the reduc...

State Bank of India Allays RBI’s Fears of Default in Teaser Home Loans
April 9, 2012 Mumbai: The country’s biggest lender, the SBI has not witnessed any noticeable default on teaser rate loans despite the concern raised by the RBI and by its chairman Pratip Chaudhuri, even as a lot of such loans have ...

Banks Hit As Deposits Growth Disappoints
April 9,2012 New Delhi: Indian banking shares declined after deposit growth fell short of projections for the financial year ended in March, as the withdrawal of funds by customers coping with high inflation contributed to an acute liqui...

PSU Banks, Insurers to Shut Loss-Makers
April 9,2012 New Delhi: The government may ask public sector undertaking (PSU) banks to either relocate or shut down loss-making branches as part of rationalization process. "This is part of a continuous dialogue not only banks ...

RBI Pegs MSS Ceiling At Rs 50,000 Cr For Current Fiscal
April 9,2012 New Delhi: In order to absorb excess liquidity, the RBI has pegged the quantum of intervention through Market Stabilization Scheme at Rs 50,000 crore. Under the MSS, RBI, on behalf of the Government, absorbs liquidity th...

Cash Rate Eases As Rate Cut Expectations Grow
April 12, 2012 Mumbai: India's inter-bank call money rate fell on Thursday as the cash supply in the banking system better & as banks postponed their borrowings to next week on hopes the RBI will cut interest rates. Expectati...

IDBI May Hike Fund Raising Through MTN To $2.5 Bn
April 12, 2012 Mumbai: A top company official said. Public sector lender, IDBI Bank may consider raising its abroad fund raising plan to USD 2.5 billion in January from existing USD 1.5 billion, "We update our plan of raising fo...

Crisil Expects Reserve Bank Of India To Cut Repo Rates By 50-75 Bps
April 12, 2012 Mumbai: Research firm Crisil today said it expects RBI to reduce interest rate by 50-75 basis points in the present fiscal. "The ability of the RBI to cut the rate repo will be limited by fiscal slippage and persi...

Bonds End Mixed While Call Rate Declines Further
April 12, 2012 Mumbai: The government securities (G-Sec) finished narrowly mixed on alternate bouts of buying and selling by banks and corporate after few days of rally while call rates moved down further at the Overnight call money mark...

Allow Customers to Opt For Electronic Repayment: Reserve Bank Of India To Banks
April 13 2012, Mumbai: Following complaint from clients, the RBI has made it clear to banks that there are no restrictions in allowing use of electronic modes for different transactions including repayment of loans. It is, therefore...

OBC Cuts Interest Rates By Up To 0.5 Pct
April 13 2012, Mumbai: Ahead of Reserve Bank of India's yearly credit policy announcement, state-owned Oriental Bank of Commerce has slashed fixed deposit rates by up to 0.5 %, a development which could signal a reversal of the high ...

Pre-Mature Capital Account Convertibility Can Harm Economy: Reserve Bank Of India
Apr 15, 2012 New Delhi: Reserve Bank of India Governor D Subbarao has said that India will 'gradually' move towards capital account convertibility only after preconditions like financial consolidation are met. "There is ...

RBI May Cut CRR, Repo By 0.25%: Bankers
April 17, 2012 New Delhi: The Reserve Bank of India (RBI) may cut interest rate by about 0.25 per cent and release more liquidity in its annual credit policy meet tomorrow in the light of sagging factory output and moderation in economic...

RBI Hints At Rate Cut to Boost Growth
April 17, 2012 Mumbai: The Reserve Bank today reduced interest rates, saying that the focus of monetary policy should be moved to arrest declining growth and keep inflation under control. "The expectations of inflation moderated...

Rupee Edges Up, RBI Credit Policy Eyed
April 17, 2012 Mumbai: The rupee appreciated by 5 paise to 51.62 against the US dollar on the Interbank Foreign Exchange market in early trade today as the American currency fell against the euro and other currencies overseas. In add...

Citigroup Net Income Down 2%
April 17,2012 Mumbai: Financial services giant Vikram Pandit-led Citigroup Inc today reported 2 per cent drop in net income to USD 2.93 billion for the first three months of 2012 due to decline in investment income from capital markets o...

Liquidity Likely To Improve In Q1: RBI
April 16, 2012 Mumbai:  The RBI today said liquidity condition is likely to improve in the present quarter as a response to the recent cuts in cash reserve ratio along with open market operations. "The secondary impact of d...

RBI Tightens Norms for Gold Finance
April 16, 2012 Mumbai: Concerned over spurt in gold imports, Reserve Bank of India today asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to deal with the issue...

Customer-Friendly Savings Bank Deposit Interest Rates Compulsory: RBI Tells Bank
  July 06,2012 : The Reserve Bank of India (RBI) has asked large banks to introduce policies of friendly interest following the deregulation of the rate of the Bank of savings as some smaller private banks. As said by Mr. D...

Union Bank of India Cut Farm Loan Rates By Up to 175 Basis Points
  July 06,2012 : Union Bank of India rate reduce interest for various types of loans in the sector of agriculture of up to 175 basis points. The move will boost loans to small farmers and marginalized. Now, harvest ready, cr...

Union Bank Of India Opens ATM For Differently Abled People
  July 09,2012 : Union Bank of India has opened an automatic teller machine (ATM) for people with disabilities differently Thane, near Mumbai. This is a second time after the opening of the pilot spoke ATM in Ahmedabad, a mo...

Nifty To Stay In 5,050-6,100 Range: Barclays
  July 09,2012 : The National Stock Exchange Nifty index is likely to stay between 5 050 and 6 100 in the course of the next 12 months, the lack of triggers in the domestic macroeconomic environment and uncertainty in global mar...

MCX To Initiate Currency Options Trading In One Month
  July 11,2012 : Financial shares in the India Technologies and MCX shot now about 9.5%, after the regulator of capital markets Sebi approval to their entity MCX - SX to function as a true Fellowship. FTIL shares rose 9.49% ...

Gold Falls To 1-Month Low, Triggers Light Buying
  July 11,2012 Indian gold fell Wednesday to its lowest level in addition to a month as the insured tracking led overseas, triggering the physical light for the purchase of traders seeking to stock for the upcoming holidays in e...

L&T MF Proclaim Modify In Fund Manager Under Various Funds
    July 06,2012 L & T Mutual Fund announced a change in the Manager of the Fund for the following plans. L & t liquid funds, L & T Ultra short term Fund, L & t short term, L & t debt Fund select...

MF Remained Positive In June, Led By The Rising Market
  July 11,2012   Domestic mutual funds, encouraged by current assessments of the net Indian markets and following the activity of their month of may where they have been net buyers in the amount of Rs 350 rupees cautio...

Reliance Mutual Fund Declares Dividend 2 Fund
  July 06,2012 Reliance Mutual Fund has declared a dividend of 40%  4.00 per unit of value of Rs.10) under the option of dividend trust Vision Fund - retail Plan and the institutional Plan and a dividend of 15% under divide...

A Falling Rupee Concern: Pranab
Kolkata, Sun May 20 2012: Pranab Mukherjee Finance Minister today said that the steep decline in the center of great concern was the RS situation was trying to solve. "It is a big concern to keep eyes on the situations we. Cente...

RBI Committee Look Set To Decide the Rate Of Loan Products
Mumbai, Mon Apr 30 2012: The Reserve Bank of India (RBI) in the banking system, Deputy Governor of the Reserve Bank, fixed rate loan products to facilitate the development of a Committee looking into the issue to establish plans enjoy Si...

Central Bank Advances Increased By 25% In The Fiscal Targets
Mumbai, Sun May 06 2012 : The State-run lender's ongoing Central Bank of India financial, as it expects economic growth to take the RBI's expectations of a 25 per cent increase in advances during the target. "We have a b...

Reserve Bank Intervention Stems Standing Rupee Declining Dollar Vs. U.S.
Mumbai, Fri May 04 2012: Rupees today came precariously close to level but 31/48 against the US currency, 53.47, six cents down on the Reserve Bank's foreign exchange market intervention to end after the suspected losses recouped mos...

Vijaya Bank Aims To Finance 20% Of The Business Development
Mumbai, Sun May 06 2012: With Vijaya Bank has a 20 per cent increase in overall business objectives in the current fiscal year to Bangalore-based lender focus its public sector deposits based on low-cost, a top official said. "W...

Bob versus 3.61% 3.41-NIM Is Expected To Retain In The Range
Mumbai, Sun May 06 2012: Public sector lender Bank of Baroda (Bob) net interest margin (NIM) finance a year versus 3.61 percent in post-3.41, a top Bank official said. "Our margins plus or minus in FY13, 10 basis points of margi...

RS 2,000-CR JNPT Catamarca Bonds Expected To Start
Mumbai, Sun May 06 2012: The country's largest container JNPT 2000 million fiscal year in low-cost bonds to raise the window hoping for catamarca's port, a top official said. Jawaharlal Nehru port Trust Chairman l. Radhakrish...

SBI home loan RS 1 l c. KR Mark cross
Chandigarh, Sun May 06 2012: State Bank of India's home loan portfolio is record Rs. one million million million exceeded the mark. familities Information on the private banking business Parwanoo HP Krishnakumar, MD and Executive...

NRE A/C Transfer Money from NRO To Immigrants Allows The Reserve Bank Of India
Mumbai, Mon May 07 2012: The Reserve Bank today non-resident Indians (NRI) non-resident external accounts (NRE) in a fiscal year ceiling of $ 1 million under non-resident ordinary (NRO) account to transfer funds. "A review, it&#...

Check The Authenticity Of 100 Rupees Notes: RBI
Mumbai, Wed May 09 2012: A forged note in circulation, Reserve Bank today to check all bank notes worth Rs 100 and re-circulation before to ensure the authenticity of asked. "In the light of paragraph 127 of the 2012-13 monetary...

The Central Bank Says Basel III RS 14,000 Crore Need To More
Mumbai, Sun May 13 2012: The State-run Central Bank of India said that it was more than Rs 14,000 crore new Basel III capital supplements – which will kick in next fiscal guidelines for completion will be required. "Our Ba...

RBI RS 5 Lakh Fine Imposes On National Urban Co-Operative Banks
New Delhi, Mon May 14 2012: The Reserve Bank a loan of Rs 5 lakh urban co-operative Bank National sanctioning their violation of guidelines relating to fined. Monetary fines, a Delhi-based cooperative bank "in violation of the g...

AP Government Officials Say Poor, Mfi Bill
Hyderabad, Sun May 13 2012: Micro-finance bill, approved by the Cabinet last week, anti-poor and small borrowers, Government of Andhra Pradesh, a senior officer said that the MFIs will help. R. Subramaniam, Principal Secretary, rural...

Oriental Bank Lending Rates Up To 1.5% By Slashes
New Delhi, Tue May 15 2012: OBC State-owned Oriental Bank of Commerce today 1.5 per cent up to home and car loans at interest rates slashed. In addition, the Bank also loyalty with existing customers satisfactory track record of curr...

Moody's Rating Of 26 Italian Banks Slashes
Tue May 15 2012: Intesa Sanpaolo, Italy's UniCredit and Moody's and the recession in the eurozone more trouble citing their vulnerability, including 26 Italian banks slashed its credit ratings by the four notches. "Itali...

Muthoot Finance Net Profit Up To 80%
Kochi, Tue May 15 2012 : Muthoot gold Loan Company today has more than one of the leading finance 80% jump in net profit at RS 892 million in fiscal 2011-12 posted to. The company's last financial year posted a net profit of 494 ...

Cheque Rs 38 K Paid For Dishonouring To Sbbj
New Delhi, Tue May 15 2012 : State Bank of Bikaner & Jaipur (SBBJ) by a city more than 38,000 consumer forum to one of your customers for your grandchildren to school, despite her enough money in your account to pay for dishonouring ...

Mumbai's Housing Market Shows A Negative Growth
New Delhi, Mon May 14 2012: The housing market showed a negative growth of Mumbai-9.1-March 2011-2012, the latest Knight Frank Prime Prime Minister downtown those important global cities worldwide sales markets, according to the index of...

Moody's Downgrades LIC, ICICI, Others
May 14 2012 : Oil and gas giant ONGC in recent investment and State-run banks in the nation's largest life insurance Corporation (LIC) financial institution which it from Baa2 to Baa3, but a stable global ratings agency Moody's d...

LIC, ICICI, HDFC Bank, Axis And Moody's Downgrades
New Delhi, Wed May 16 2012: Center of indirect tax collection 10% R32, 000 crore as against the same month last year, R29, 000 crore but for now in April. in March, a 3.5% contraction of industrial production, on top in the initial month...

Eurozone Government Girds For Possible Breakout
New Delhi, Wed May 16 2012: The Ministry of Finance of a breakout in the eurozone to address some policy interventions. When the Government gave up a hefty fiscal stimulus measures contrary to the 2008 crisis center extra budgetary trust...

S & P Upgrades To Blow After India Pitches Fitch
New Delhi, Fri May 18 2012: Day, standard & poor's sovereign rating to negative credit of India their approach to one of the Government on Thursday, Fitch Ratings upgraded. Fitch rating team to review the country Finance Mini...

"The Euro Zone Crisis For A Long Time Would Lead To Further Risk Aversion"
Fri May 18 2012 New Delhi: The continuing decline in the value of the rupee depreciation is a straightforward widening current account deficit, the Prime Minister's economic Advisory Council out. (PMEAC) President of the next monetar...

Re 54.60 Intra-Day Fall Hits, Rbi Further Cushion
Mumbai, Fri May 18 2012: Advancing its free-fall against the dollar on Thursday, the euro zone crisis and intra-day rupee 54.60 concerns persisted as more losses. Declined, however, the Reserve Bank of India (a steeper fall and domestic ...

"India Ink" Unhedged Foreign Exchange Exposure Of Half
New Delhi, Fri May 18 2012: Reserve Bank of India (RBI) which makes them increasingly vulnerable to sharp depreciation of the rupee has been made on private and State-owned companies, unhedged foreign currency exposure to elevated levels...

Banks Are Allowed To ' Set ' Ultra Small Branches In Rural Areas
Mumbai, Fri May 18 2012: Unbanked in rural areas to pursue financial inclusion, the Reserve Bank of India has set up small banks ' ultra ' branches to where business correspondents (BCs) on behalf of the bank’s operations c...

Reserve Bank Hands Tied, Fiis Needs: PM Advisor
New Delhi, Fri May 18 2012 : Arguing that the uptick in inflation, "much less" up plunging into the foreign exchange market intervention to prop up the rupee to Reserve Bank of India, the Prime Minister's top economic advis...

Half Of Corporate India’s Forex Exposure Unhedged, Says Rbi
New Delhi, Fri May 18 2012: No cover for 60% of non-trade-related exposure and 40% of trade loans The Reserve Bank of India’s (RBI) central board is expected to discuss next week the elevated levels of unhedged foreign currency...

Quit Re Fall, Use Currency Trading Reserves: Pmeac
New Delhi, Mon May 14 2012: The Prime Minister's economic Advisory Council (PMEAC), Chairman of the temporary volatility in capital flows c Rangarajan was all set this rupee slide due to the arrest of foreign exchange reserves to use...

RBI Says More Actions To Charge Rupee Fall
Mumbai, Mon May 21 2012: Rupee for Indian economy 55 levels and more trouble spelling violations between Deputy Governor Subir gokarn, Reserve Bank today said the Central Bank to take steps to stabilize domestic currency to continue. ...

Distinct Rupee Fall Is 'Bit Of A Bubble': Kaushik Basu
New Delhi, Wed May 23 2012: Rupee against the dollar, the Chief Economic Adviser with 56 level violations Kaushik Basu today exchange rate issue "is a bit of bubble and domestic policies have nothing to do with. " Looking v...

RBI Needs To Intercede To Examine Rupee Slide: Rangarajan
New Delhi, Wed May 23 2012 : Rupee, the Prime Minister's economic Advisory Committee Chief concerned over the refuse in the price of the Reserve Bank today c Rangarajan was all set to slide to domestic currency checking should interv...

Gasoline Prices Rise Again Fails; Diesel Next?
Mumbai, Thu May 24 2012: Although expectations increased gasoline prices failed to lift sentiment, the rapid growth of the Indian rupee as on a fresh low New Delhi Friday as soon as diesel prices could bring more politically fraught move...

CAG's 150 Years To New RS 5 Coins
Mumbai, Fri May 25 2012: The Reserve Bank of India soon 5 RS sect and mahalekha India (CAG) 150 years celebration of the new coins will put in circulation. Coin CAG logo "1860-2010 years" logo at the bottom of the pickup wi...

Sundaram Finance Reports Net Profit Jumped 38% In In FY12
Chennai, Mon May 28 2012:Non-banking finance major Sundaram finance today March 31, 2012 RS 355 million for the year ended at 38 per cent increase in net profit. The company reported a profit of RS 257 million last year was reported. ...

Bangalore City Corporation To Raise Rs 1,000-cr Loan
  JULY 07,2012 BANGALORE: Given  government permission for the corporation of the city of Bangalore for loan of 1,000 rupees Rs secure banks and financial institutions by the financial crisis. The State projects for giv...

India's GDP Likely To Be Below 6percent In FY13: Standard Chartered
  JULY 08,2012 NEW DELHI: Produced gross domestic (the country's GDP, the) should grow below 6 percent for this year, said a survey carried out by Standard Chartered Bank. While 72 percent of respondents to the survey w...

CX Precision Mechanical India Invests Rs 100 Cr In Sri City Facility
  MAY 06,2012 CHENNAI: CX mechanical precision in India, an arm of the Chunxing group based in China, announced the investment in a new unit of Sri city Special Economic Zone (SEZ). Total investment committed will be a value...

Murugappa Group Earmarks Rs 1,000-cr Capex
  MAY 06,2012 CHENNAI: Murugappa group has decided to spend of Rs 1 000 rupees capital expenditures in the current year with three-quarters in the expansion of engineering and fertilizer companies. The group is eager to main...

Cholamandalam Raises Additional Rs 50 cr Via Rights Issue
  FEB 06,2012 CHENNAI: Cholamandalam MS General Insurance Company Limited, a joint venture between Murugappa and Mitsui Sumitomo Insurance Group (MSIG) group, has raised an additional 50 Rs crore through the question of the righ...

IDBI Bank Launched First On Market Web India
  MAY 21,2012 New Delhi : IDBI Bank Launched First On Market Web India Manufacturing Portal ' IDBI Samriddhi G - S Portal The portal is the first of its kind that allows investors to trade of all 91 Government securities...

Vijaya Bank Bound With Western Union Company
  MAY 23,2012 Bangalore: Vijaya Bank today bound with Western Union Company, a leader in global through the India payment services, allowing clients to 8 million from the Bank to attach to more than 200 countries and terrain aro...

Vijaya Bank Announced To Increase Retail And Bank Customer Base.
  JUNE 08,2012 Bangalore : Public sector lender Vijaya  Bank announced today the launch of a day 100 campaign special to increase retail and bank customer base. During the period of the campaign ending on 8 September, t...

Canara HSBC Oriental Bank of Commerce Life Insurance Bags Technology Leader Award
  MAY 06,2012 : Mr John Holden, Chief managerial Officer, Canara HSBC Oriental Bank of Commerce life insurance company,received the award at the prestigious ' Indian insurance Awards 2012' for the provision of straight-t...

UCO Bank Focuses On Loans To Sectors of Retail
  July 06,2012 Kolkata : UCO Bank focuses on loans to sectors of retail, SME and closed as the weighting of risk capital - was lower in these categories, the Bank president said Tuesday. President and Director general Arun K...

Business Target Of Allahabad Bank
  JUNE 30,2012 Hyderabad : Allahabad Bank said today that it had targeted a business of more than 21% growth and by end of the current fiscal year against Rs 2.71 crore lakh last year. President of the Bank and Management Di...

HDFC ERGO General Insurance Distributed Cheques
    APRIL 30,2012 Howrah, West Bengal, : HDFC ERGO General Insurance Monday distributed cheques application to farmers which faced large losses due to the excess of precipitation during the season Kharif last year. ...

Kotak Mahindra Old Mutual Life Insurance Profit Growth of 109 percent.
MAY 22,2012 Mumbai : Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced profit growth of 109 per cent. Profit after tax for the financial year ended March, 2012 amounted to 211 Rs crore, 101 Rs cr...

Reliance Life Insurance Received A National Award
  June 06,2012 New Delhi :  Reliance Life Insurance Company, a part of the Capital of confidence, on Wednesday said that it has received a national award for the quality of Board of India (QCI) for the reduction of the Gene...

Finance Ministry, RBI To Announce Certain Steps Soon: Mukherjee
  June 25,2012 New Delhi : Presidential candidate UPA Pranab Mukherjee, who is to leave his Office, as the Finance Minister, said today that his Ministry and the Reserve Bank of India will soon announce some steps. I think t...

Bankers Ask RBI To Ease Liquidity
  July 09,2012 Mumbai : Bankers Monday urged the Reserve Bank of India (RBI) to facilitate liquidity in the banking system to help boost industrial growth. Major lenders including State Bank of India, ICICI Bank, HDFC Bank, ...

World Bank Offers Bihar $100 Mn Loan
  July 06,2012 New Delhi : The World Bank Monday offered a loan of 100 million $ for a project of rural means of subsistence in Bihar which should benefit from 1.50 million households. The project aims to strengthen the empo...

ADB Offers $150 MN Loan To Improve Railway System
  July 10,2012 New Delhi : The Asian Development Bank (ADB) offered 150 million loan $ for the expansion of the railway and improvement of global service. The program will improve the India of rail services along some of the...

L&T Plans To Raise Rs 1100 Cr Through Tax Savings Infra Bonds
November 25,2011: L&T Infrastructure, the infrastructure-financing arm of L&T Financial Holdings, will be looking to raise a total of Rs 1,100 crore via issue of tax-saving infrastructure bonds, this financial year. The non-...

Mukherjee Meets IRDA Officials, Discusses Investment Plans
  APRIL 04,2012 New Delhi: Finance Minister Pranab Mukherjee met with those responsible for the regulation of insurance and authority of development (IRDA) here Wednesday and talk about a wide range of issues, including investme...

Corporate India Seeks Sturdy Measures To Counter Financial Deficit
    JUNE 25,2012 New Delhi : In an effort to check the rupee slide and improve the markets, the Reserve Bank of India (RBI) today covered the limit of the commercial debt of 10 billion $. It was decided to allow Ind...

Home Loans Up To Rs 15 Lakh Get One Percent Rate Waiver
  July 04,2012 New Delhi : The Union Cabinet has approved the proposal to extend the regime of the subversion of the interest of one percent on loans up to a maximum of 15 million rupees to the housing for the year 2012-13. The...

Current Growth Rate Can Finance 3% CAD, Says Montek
May 10,2012  Mumbai : The Commission Deputy Chairman Montek Singh Ahluwalia planning that country has a current account deficit (CAD) can finance 3% expressed confidence. CAD 4.3% of GDP during the last...

Bundesbank Boss Tells Hollande To Leave EU Fiscal Pact Alone
May 12,2012  Mumbai : Bundesbank President Francois Hollande Jens Weidmann French or European Central Bank Saturday to elect EU fiscal warned against tinkering with the Treaty. He respected my commitments except ...

Forex Reserves Fall By $2.187 Billion
May 12,2012 Mumbai : India's foreign exchange (Forex) reserves to $ 2.144 billion billion dollars the week refusing to 293.17 4 may, official figures showed foreign exchange reserves $ 758.3 million. 295.36 billion dollars over the p...

Power Ministry Seeks PMO Help To Resolve FSA Impasse
May 13,2012  New Delhi :Uncertainty over coal supply continue with the Prime Minister's Office, Ministry of power (issues to PMO) sought the intervention of CIL's new fuel supply agreement,...

WEF To Hold Annual Summit On Its Own, Open Office In India
May 14,2012  New Delhi: The Geneva-based body's annual India Economic Summit then decided in November this year as India their first World Economic Forum (WEF) meeting will host a three-day Festival in itself...

GDP Growth To Recover To 7.6%: CMIE
May 14,2012  Mumbai : Real gross domestic product (GDP) is expected in the current fiscal year on the back of good monsoon 7.6% is expected to be fit and ease of supply sho...

Rupee Claws Back, But Market Talks Of 55
May 15,2012  New Delhi: Rupee RS 53.97 in somewhat against the u.s. dollar after hitting all low Monday, recovered Tuesday but RS. A strong undercurrent of weakeness per 55 twisted f...

India To Cut Iran Oil Buys By 11%
May15,2012 New Delhi : India Tuesday cut purchases by 11% following its disputed nuclear program of Iran's oil to isolate the Islamic Republic on a campaign to join the United States will pressure from America called it.Ref...

Competition Panel Ropes In Key Business Leaders
May16,2012 NewDelhi : Competition Commission of India (CCI) is a fast changing environment dominated by complex deals to anti-trust regulator in the fledgling industry veterans with help from....

Slowdown Starts Pinching Tax Collection In April-June
        July 10,2012 NEW DELHI : Recession resources for composition, as against 15 per cent target in the period April-June GDP in direct tax collection to only 6.77 per cent off the pain. Ind...

Cases Prior To April 1 Safe from I-T: FM
New Delhi, Wed May 30 2012 :Worried foreign investors to rest, Finance Minister Pranab Mukherjee to provide said on Wednesday that the income tax department assesses cases where action had been settled before 1 April 2012 will not be reo...

Reserve Bank Staff To Face The Fury Currency Guv
Hyderabad, Tue May 15 2012: The Reserve Bank of India (RBI) employees and executives are up currency and currency chests and bank branches of distribution sources through the only coins RBI Governor's recent steps against the arms. ...

Rupee Fluctuation, To Stop Reserve Bank Not Support: General
Mumbai, Wed May 16 2012 : Rupee dipped as his all-time-low for a dollar to today, if his fall at any price increase, calls to arrest leading to Deputy Governor k c Chakrabarty of the Reserve Bank, the Reserve Bank intervention to prevent...

Federal Bank Debit Card For Launching Hnis
 Mumbai, Wed May 16 2012: Private sector lender Federal Bank today is a premium travel, premium debit card specifically targeted HNI clients of your card plan. Two premium cards MasterCard and Maestro debit card-debit card secto...

Rupee Fall More Steps To Arrest The Reserve Bank Says
Mumbai, Mon May 21 2012: Rupee for Indian economy 55 levels and more trouble spelling violations between Deputy Governor Subir go karn, Reserve Bank today said the Central Bank to take steps to stabilize domestic currency to continue. ...

Karur Vysya Q4 Net Profit Rises To 27 Million Pc Rs 146.79
Mumbai, Fri May 25, 2012: Karur Vysya Bank private lender, said Friday that March 2012 RS 146.79 27.32 per cent rose to 250 million, its net profit for the fourth quarter ended. 2010-11, January to March quarter, its profit during a ...

Punjab National Bank, Uco Bank Building In Fire
New Delhi, Wed May 23, 2012: A large single-storey building on fire, 300 meters from the Parliament building, banks here the housing offices for about an hour inside many people broke out trapping in the evening. A fire at the Parlia...

New Banks Gain On Stock Market Higher Rates
New Delhi, Sun May 27, 2012: A high interest rate of 7 per cent savings bank deposits on the old public sector banks to expand their market share at the expense of the Bank, IndusInd Bank and Kotak Mahindra Bank Yes tiny new generation B...

Hacker Attacks On Websites, This Is A Day Of Rbi To Crash
Mumbai, Fri May 25, 2012: The Reserve Bank today said its website inaccessible to almost all day yesterday this rendering was an effort to hack. "This is a DNS (domain name system) attack where hackers try several times, only th...

Bahrain's Relations With Axis Bank To Bank Remittance
Mumbai, Mon May 28 2012: The third largest private sector lender axis Bank on Monday Bahrain's Ahli Bank incoming remittances with United. Under the Alliance, any person holding an account with Ahli Bank United Bank said in a rel...

Call Rate Increases, While Bonds Recover
Mumbai, Wed May 30 2012: Government securities (g-sec), banks and companies are the latest call rates from banks to borrow when you confirm the constant demand for a currency market here tonight to buy recovered on the next. 9.15 per...

Bharat Bandh In Mumbai Thin Business Report: Banks
Mumbai, Thu May 31 2012 : Banks nationwide, the country's financial capital today Bharata thin trading off a sharp rise in gasoline prices and left last week against the NDA said later. While branches were open as the city transi...

Advantages Of The Witness-Selling Gold, Silver, Global Cues
Mumbai, Wed May 30 2012: Gold prices slipped here today engaged in domestic bullion stockiest and decline in foreign markets by taking advantage of market investors. Silver prices also slid lower amid heavy speculative selling buying...

UPA Shame: Last Quarter Growth Dips To Lowest In 9 Yrs
New Delhi, Thu May 31,  2012 :As a nine-year low economic growth are alarm bells clanging nosedived, flounder and fiscal deficit area output core macroeconomic headwinds and strong business sense rapidly declines arising from the co...

"The Fiscal Deficit At 5.7% In FY ' 12
New Delhi, Thu May 31, 2012: 2011-12 fiscal deficit of the Government of India during the 5.7 per cent of GDP, compared to 5.9 percent of budget estimates revised estimates to be worked out. Fiscal deficit, government spending, the d...

Save Indian Economy, Says India Inc
New Delhi, Thu May 31, 2012: Demand for annual GDP growth at 6.5 percent in 2011-12 from nine years of slowing down the economy with high growth industry today to put on the path back to a revival package. "A comprehensive"...

India Now Has A ' Elephant ' Gasping!
New Delhi, Thu May 31 2012: India's economic growth to a nine year low plunging global financial companies drew strong reactions, Credit Suisse, as an "elephant" gasping nation labelling HSBC said the latest numbers "w...

NABARD FY14 Operating Surplus Soars 28 C. 1635 PC RS KR
Mumbai, Mon May 28 2012: Agriculture and rural development (NABARD) National Bank reported today in RS. crores last fiscal surplus in the 1635 is 279.21 million last fiscal year for operations against 27.81 per cent jump in net. Serv...

3-Day Rally After The Rupee Weakened
May 29, 2012  Mumbai: After three days of relief rally, dollar $ USD strength today the end of the month worldwide among oil companies gaining on buying by touching a low of 55.88, but under pressure from the domestic currency at th...

India's financial system is strong, says RBI
May 3, 2012 Mumbai: To strengthen the risk management system, the new global capital adequacy norms of Basel III, by March 2018, the guidelines for the implementation of Reserve Bank unveiled on Wednesday. Guidelines envisaged weight...

Punjab National Bank Net Profit Of 18.6 Per Cent Rises
May 9,2012  Mumbai: Punjab National Bank State-owned 11.6 per cent increase in net profit at RS 1424 million during the same period of last fiscal year, $ 200.9 million rupees 1 for the quarter ended March 31 against the appointed. ...

Kotak Mahindra Bank Q4 Net Rises 6%
May 8,2012 New Delhi: Kotak Mahindra Bank private sector lender on Tuesday ended March 31 fourth-quarter consolidated net profit at RS 521 million reported in the 6 per cent growth. Net profit of RS 445 million loans 2010-11 January ...

Bob Quarterly Net Profit Up 17%
May 4, 2012 New Delhi: Bank of Baroda on Friday March, once finished for the fourth quarter net profit at RS 518.18 crore on 1, 17.3 percent rise posted 322 crores and high income fee. The nation's third largest public sector len...

Sbi Rating Moody's Review Re-Approach
May 19, 2012 Kolkata: The nation's largest lenders SBI (SBI) approach to global credit rating Moody's investor’s service is considering "its ratings review" firm, its Chairman said on Friday. "Our tier I ...

Morgan Stanley Is Banking License In India
May 30, 2012 New Delhi: Reserve Bank approval in principle to a US-based lender said on Wednesday that commercial banking space to enter India at Morgan Stanley. "Morgan Stanley is a theory as a banking license from the Reserve ...

Big Banks Direct 80% Of Inflows To Own Mutual Fund Plans: SEBI Study
  MAY 04,2012 MUMBAI: Most Banks that sell products of mutual funds through their distribution channels say they sell investment products of all companies of management without any preference to their own products, but a recent ...

RBI Reduces Transaction Fee For Online Payments Via Debit Cards
JULY 04,2012 NEW DELHI: The Reserve Bank of India reduced transaction fees for payments by debit cards online to a maximum of 1%, addressing a long-standing consumers grouse and traders who pay almost double earlier. On July 1, the t...

Credit Card Transaction Value Up 53 Percent At Rs 8,421 Crore In December
  MAR 02 2012 MUMBAI: A value of Rs 8 421 rupees credit card transactions were conducted in December, increased by 53% from the same month in 2010.The number of outstanding credit cards, however, declined 14.4% to 1.76 rupees as...

Credit Card Spend Hits 4-Month Low In January
  MAR 21,2012 MUMBAI: A value of Rs 8 421 rupees credit card transactions were conducted in December, increased by 53% from the same month in 2010.The number of outstanding credit cards, however, declined 14.4% to 1.76 rupees as...

HSBC Sees Growth In Indian Hospital Sector
  MAY 26,2012 : Reuters market Eye - HSBC starts coverage on Apollo  Hospitals with the "weight" and Fortis Healthcare (NSI:FORTIS.)(NS - News) with a "neutral" rating The India is clearly sous-inves...

Oppn Fears Repeat Of 1991 As Rupee Touches Record Low
May16,2012 New Delhi: The rupee touched a record low, as the opposition Government on Wednesday as it fears a repeat of 1991, when India can be serious balance of payments problem and even Golden mortgage had to deal with the&n...

Govt To Make Efforts To Match 4% Agri Growth Target: PM
May16,2012New Delhi : Prime Minister Manmohan Singh assured Parliament that all efforts today to 4% agriculture development plan, with the resources at your disposal to match a period. "I assure that every effort with...

Rupee Falling Due To Global Factors, No Need To Panic: FM
May 16,2012  Delhi : As RS. If the dollar hit its record low level, against the Finance Ministry on Wednesday had no need to panic and when eurozone recovery will be contained in the certainty slid...

Find Your Own Money, Govt Tells PSUs
May16,2012  Mumbai: Ministry of finance depends on the stock markets rather than State-owned companies to expand their capacity and to fund other expenses, the Government should not knock the door of a clear mess...

Asian Markets Edge Higher But Greek Fears Weigh; Sensex Recovers
May17,2012  New Delhi : The Bombay Stock Exchange benchmark index recovered from steep 171 points to strong Asian markets amid renewed Board at the grassroots level on purchase price, purchase ...

IMF Chief Warns On Cost Of Greek Exit From Euro
May17,2012 Mumbai: The IMF Chief Christine Lagarde, euro area once taboo possibility that European leaders after the country descended into political chaos openly to discuss Greece had begun to leave "v...

Govt In Action After Rs. Knock
May17,2012 New Delhi:The Finance Ministry on Thursday India's strong macro fundamentals made a strong pitch as the US credit rating agency a delicate fresh questions prices and Government finances hit by sliding r...

India Can Grow 8-9% For 20 Years: Montek Ahluwalia
May18,2012 Mumbai:The Reserve Bank of India, freshly conducted a fiscal information camp in remote villages in Tripura.For the inhabitants of the village Bagmara in Tripura Dhalai District banking facilities was just a dream un...

S&P's Negative Outlook May Have Perception Impact: Pranab
May 18,2012  New Delhi : India's Government said today the deficit on the s & p is negative rating Outlook, debt burden and economic impact on health "perceptional" foreign investors. "in his re...

Pickles, Papads, Spices Push MSME Gross Output Four-Fold
May 18,2012  Delhi :Traditional Indian homemade salted accompaniments and condiments such as pickles, papads, jam, spices, and honey, micro, small and medium (MSME) sector on the domestic and global demand development...

Greek, Spanish Crises Deepen; Markets Await G8
May 18,2012  Delhi : The Bank of Spain and Greece fell deeper into a debt crisis closer to bankruptcy Friday markets tottered as wildly to prevent a disaster the euro zone a Camp David Summit onward. euro zone cr...

The R Pinch: Get Set To Pay More For Home Appliances
May 18,2012  New Delhi: Home appliances and other electronic goods to pay more to get ready for a consumer durable makers. raw material prices rising and falling Rupee to offset cost pressures, to ...

Cost Of Living Hits The Roof, Shop-End Prices Up 10.3%
May 20,2012  Delhi: Perhaps you have already noticed, but if you don't: retail prices of almost all products and services of everyday use-shoes and movie tickets rose food drugs – the ina...

Sebi Likely To Get Access To Call Records For Insider Trading
May 20,2012  New Delhi :After waiting for several years, the market regulator SEBI finally telephone call records and other crimes including insider trading to suspect individuals the right to access."W...

India's Foodgrain Production To Grow By 0.6% In 2012-13 : CMIE
May 20,2012  Mumbai : India's foodgrain production increased by 0.6% from 247.6 million estimated 2012-13 to 2011-12 246.2 million tonnes against as tonnes (Mt).Rice production in 2012-13, more than 100 metric tonnes while wheat...

Cut In Oil Imports Will Lead To Supply Shortages: Oil Firms
May 20,2012 New Delhi: The right price to pay for fuel or face supply disruptions. Finance Minister Pranab Mukherjee's statement on reducing oil imports in the wake of the sharp rise in&nb...

Banking Laws Bill In Parliament Today
May 20,2012  New Delhi : Finance Minister Pranab Mukherjee said Monday a revised banking laws (Amendment) Bill in Parliament in voting rights move. Bill shareholders 26% their total holding of voting ri...

Greeks Fearful As Euro Exit Looms
May 20,2012 Delhi : Greeks fear that if their country is outside the euro zone, forcing a lot of speculation and that it will be, then they should fall one Drachma, which rapidly rising prices with the return of the face goes.&...

Greek Total Debt Falls Sharply After Writedown
May21,2012 Mumbai:Unsustainable debt mountain of Greece, struggling eurozone countries increasingly to government data Monday on an unprecedented burden on private lender writedown helped ease, fallen d...

Bahrain's Relations With Axis Bank To Bank Remittance
Mumbai, Mon May 28 2012: The third largest private sector lender axis Bank on Monday Bahrain's Ahli Bank incoming remittances with United. Under the Alliance, any person holding an account with Ahli Bank United Bank said in a rel...

Govt Plans Rs. 39,000-Cr Bailout For Oil Firms
May 21,2012  New Delhi : Yet another bailout package, the Government is planning a huge compensation anywhere between RS. 39000 And crores. 41,000 million to three State-owned oil companies Hindustan petroleum and Bha...

Govt Hits Out At SAIL For Project Delays
May 21,2012  Delhi : The Government on Monday to hit public sector modernization and expansion projects maharatna its 2011-12 at the time, resulting in a decline in output of India Ltd. to complete...

Bullion Deals To Come Under GST
May 21,2012  New Delhi: Bullion and jewellery transactions proposed goods and services tax (GST) will help bring money deals, track Black Monday in Parliament a white paper introduce money. "in&nbs...

Non-Profits To Face Greater Tax Scrutiny
May 21,2012  New Delhi : There's a dirty money laundering in the financial system through charitable activities, suspected to be funnelling non-profit organizations (NPOs) need to widen the tax probe&nbs...

Falling R Pushes Steel Prices Up, May Hit Auto Firms
May 21,2012  Mumbai : Touching a new low of 55 US dollar Indian rupee. vehicle area hard hit, which ranges up to 30% of imported content, by increasing the value of the stuck car prices will modify ...

Govt To Provide Direct Subsidy On Kerosene
May 22,2012  New Delhi : The Government said today that it is directly subsidizing kerosene beneficiaries to provide planned in this regard and Rajasthan, Alwar District, a pilot project to produce good ...

Indian Economy To Grow At 7.7% In 2013: OECD
May 22,2012  Mumbai :India's economic growth to grow by 7.7% in calendar year 2013, but the OECD said on Tuesday more growth through the year, likely to remain subdued.For economic cooperation and development (OECD), t...

This Will Hurt: Petrol, Diesel LPG Hikes Soon
May 23,2012 New Delhi : Fuel to catch fire in the coming days. this week's high income groups by using discount LPG early next month with a ban on diesel price hike after a gasoline price increase for ga...

India-Middle East Corridor To Grow By 34% By 2013: UAE
May 23,2012  Mumbai :India and the Middle East trade corridor from 34% the world's fastest growing to become one of the next year to develop, Minister of foreign trade of the United Arab Emirates said.Sheikha Lubna bint&nbs...

Ficci Welcomes Petrol Price Hike, Wants Action On Other Items
May 23,2012  New Delhi :Gasoline prices rise, the industry body FICCI said the Government welcoming the other fuel products like kerosene, diesel and cooking gas prices rise, in the Steepest deregulate. today&nbs...

Petrol Hike To Hit Inflation In Immediate Run Only: PlanCom
May 23,2012  New Delhi : Gasoline prices rise sharply falling prices quoted, of rupee Planning Commission on Wednesday will have immediate effect on the situation, but worth it in the long run things will freeze ...

Indian Economy Resilient: FM
May 23,2012 New Delhi: Rising prices sliding and development between the rupee, on Wednesday Finance Minister Pranab Mukherjee said India's economy falling considerably strong fundamentals of the crisis. "I am con...

Refiners vow to rollback petrol price if crude prices Fall
May 24,2012  New Delhi :India's largest oil refiner and a political attack on the protests has begun, and if international oil prices fall to roll back measures vowed a sharp rise of gasol...

RBI's hill breeze cools rupee to 55.7 a Dollar
May 24,2012  New Delhi: Rupee posted its first decline, a new record of Reserve Bank of India (RBI) Governor de subbarav said Central Bank direct oil importer slide to arrest may consider selling dollar...

Oil Min Says 'Immediate' Need To Hike Fuel Prices
May 23,2012  Mumbai : Rupee depreciation oil import bill to jump with petroleum Minister s Jaipal Reddy, pioneer said on Tuesday there will be fuel prices increase has an immediate need, but says that w...

Direct Tax Mop-up Rises 6.77 Percent In April-June
  JULY 09 2012 : New Delhi (IANS) Collections of direct taxation rose by 6.77 percent to RS. 1, 11, 182 crore in the first quarter of the current fiscal year as compared to RS. 1, 04, 135 crore during the corresponding period of...

Union Budget Aimed At Creating An Enabling Atmosphere For All Sections: Mukherjee
  MAR 16 2012 New Delhi :  Finance Minister Pranab Mukherjee Friday said of the Union Budget 2012-13 is planned to create an ambiance conducive for businesses, farmers, entrepreneurs and workers to take proposal for robust ...

RBI Extends Banking Facilities To Remote Areas Of Northeast
  JAN 17 2012 Agartala (ANI): The Reserve Bank of India, freshly conducted a fiscal information camp in remote villages in Tripura.For the inhabitants of the village Bagmara in Tripura Dhalai District banking facilities was just...

ING Looks Talks To Global Giants Mirae, Vanguard And Pramerica To Sell Mutual Fund Business
  MAY 29 2012 MUMBAI: Three global giant interested in buying Dutch company ING asset management Indian mutual fund business, from the Asian operations are carved and sold separately. South Korea's Mirae, vanguard and Am...

Ex-Reliance Trends CEO Raises $8 MN For Own Venture
  MAY 31 2012 BANGALORE: Trends in dependency of the former Chief Executive Arun Sirdeshmukh received 8 million $ (45 Rs crore) in the financing of his new company, Fashionara.com, a retailer of clothing online. Helion Ventu...

Kerala Based NBFC Alternative Investments And Credits Ltd Drags RBI To Court On License Cancellation
  MAY 29 2012: Alternative investments and credits Ltd. or AICL, a ten year, Kochi based NBFC operating on the "principles of Islamic Finance has moved the Bombay high order Courtchallenging a RBI cancelled its NBFC, two so...

Edelweiss Housing Aims Loan Book At Rs 1,500 crore This Fiscal
  MAY 30 2012 MUMBAI: Edelweiss housing finance, housing finance arm of the Edelweiss group, tactics to achieve a total business of Rs 1 500 rupees in this exercise. The company is also considering funding through securitiza...

Toyota Financial Services Launch India Operations
  MAY 30 2012 MUMBAI: Toyota Financial Services (TFSI), a wholly owned subsidiary of Japanese giant Toyota Motor Corporation today announced the launch of its services in India. Based in Bangalore, TFSI, now an RBI licensed ...

General Insurers Premium Income From Marine Hull, Aviation Policies Sees Muted Growth
  MAY 30 2012 MUMBAI: Revenue premiums of the general policies of hull and marine aviation insurers increased less than 5% in fiscal year 2011-12 due to a slowdown in the expansion areas. According to the regulation of insur...

RBI Asks NBFCs To Verify Documents Before Opening Business Accounts
  MAY 29 2012 MUMBAI: In order to ensure frauds, the Reserve Bank today asked all non-banking economic companies (NBFCs) and residuary non-banking company (RNBCs) to confirm revenue Tax returns and other credentials before openi...

Lending Rates May Fall 25 Bps: Canara ED
Apr 17, 2012 Mumbai:  Home, auto and corporate loans are likely to become cheaper as the India (RBI) Reserve Bank today cut the rate of short-term loans in 0.50 to sharply with per cent to 8 per cent, banks to reduce the rates of si...

SBI, ICICI to Cut Loan Rates, EMIs to fall
April 17, 2012 Mumbai: Leading banks, including ICICI Bank & SBI and today said lending rates will fall after the RBI cut repo rate by 0.50 %. Country's major lender State Bank of India said it will 'substantially' cu...

'Don't Levy Home Loan Pre-Payment Charge'
April 17, 2012 Mumbai: Provide relief to borrowers loan, the Reserve Bank today asked banks not to impose any sanction on loans taken to floating rate payment. "Although many banks have, in the recent past, voluntarily abolished...

Customers Can Now Buy Home Insurance Online
April  17, 2012 Mumbai: To buy a home insurance policy, a customer requirements to fill in the data such as sum insured, building built-up area and construction cost among other things HDFC ERGO General Insurance said that custo...

Bharti AXA General To Expand Business In Madhya Pradesh By 40 %
June 4, 2012 Madhya Pradesh: Bharti AXA General Insurance—which is amongst the fastest growing multi-line insurers in India—has achieved the mark ofRs. 7.75 billion (gross written premium) in four years of operation. Gro...

IRDA Approves 26% Stake Transfer In Max New York Life: Reports
June 4, 2012 MUMBAI: On 4th June, the ICC had approved the stake transfer between the companies The IRDA has approved 26% stake transfer in private life insurer Max New York Life Insurance to Japan's Mitsui Sumitomo Insurance Com...

Mastek Wins a $30 mn Deal From Fortune 100 Insurance Major
June 7, 2012 MUMBAI: MajescoMastek, the insurance industry's enterprise application specialists and the U.S. subsidiary of global technology solutions provider Mastek Limited, announce today that they have sign a multi-year license, ...

HC Cancels IRDA Order to Increase Third-Party Premium: Reports
June 18, 2012 Calcutta : In an order on 18th June, the Calcutta High Court has cancelled a notification by IRDA increasing premium on motor vehicles for 3rd-party cover. According to media reports, orders and asansol mini bus operat...

Financial Planning for Your Child’s Future
June 6, 2012 Mumbai: Hence parents need to plan for their children’s future well in advance if they have to meet these aspirations. As a parent, you have a lot of responsibilities your child to better  life, quality educati...

IDBI Federal Life Insurance launches Suvidha Savings Insurance Plan
June 6, 2012 Mumbai: IDBI Federal Life Insurance, a pioneer in product innovations in the life insurance sector, announced the launch of IDBI Federal Lifesurance Suvidha Savings Insurance Plan. The name Suvidha, aptly connotes the conven...

Now, Citi Warns India Of 'Headwinds'
June 17, 2011 New Delhi: Citigroup Global Markets has warn further downside risks to the financial system, saying that the problems facing it by way of ballooning present account & financial deficits are much more than they appear to...

Govt Extends 1 Pc Housing Loan Interest Scheme By One-Year
July 2, 2012 New Delhi: The government today extended by one year the one per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house does not exceed Rs 25 lakh When interest rates have rise, ev...

IIFL recommends 'Reduce' on Yes Bank
June 16, 2011 New Delhi: YBL would need to make significant investments in its distribution infrastructure in the medium term, which would lead to lower RoA, assuming credit costs remain low as well IIFL Institutional Equities, a ...

SBI Life Insurance Wins Best Employer Brand Award at IPE BFSI Awards
Jul 10, 2012 New Delhi: The award reflects the organizations best-in-class HR practices. A J Bose, Executive Director - Operations & IT, received the award, on behalf of SBI Life Insurance. State Bank of India Life Insurance Com...

ADB Gives US$150mn Loan To Develop India’s Railway System
Jul 10, 2012 New Delhi: The total cost of the Railway Sector Investment Program is US$ 1,144.6mn, out of which loan assistance from ADB is US$ 500mn (in four tranches) and GOI’s funding is US$ 644.6mn. Asian Development Bank (...

IndusInd Bank Q1 Net Profit Up 31% Yoy
Jul 10, 2012 New Delhi: IndusInd Bank has reported a net profit ofRs. 2.36bn for the fiscal first quarter of FY13  as againstRs. 1.80bn in the same period last year. Net Interest Income (NII) for the period under consideration was a...

ADB Extends US$67.6mn Loan To Boost Farm Infra In Bihar
10 Jul 2012 Mumbai: Asian Development Bank and the Government of India have signed a $67.6mnloan that will help improve physical and institutional links to support agriculture in the state of Bihar. The loan will help expand agricultural...

India Inc. To Witness Lowest Sales In 10 Quarters: Bofa-ML
10 Jul 2012, New Delhi: Indian corporate earnings results for April-June "should be weak," warns Bank of America-Merrill Lynch, which sees potential for a market correction. The brokerage estimates headline profit growth fo...

Indusind Bank Q1 Net Seen To Jump 28% At Rs 232 Crore
10 Jul 2012 Mumbai: Mumbai based private lender IndusInd Bank will report its first quarter earnings today. It is likely to report 24 per cent jump in the net interest income at Rs 485 crore as compared to Rs 390 crore in the corresp...

Nifty Takes 5300 as Markets Hit Day's High; ICICI Bank Gains
10 Jul 2012 New Delhi : The 50-share Nifty index regained the key 5,300 mark as buying momentum picked up on the Street. Markets traded at the highest point of the day despite weakness in global stocks.At 11.05 a.m., the Sensex traded ne...

Total AUM Of MF Industry Dips By 1.5% In June '12
Jul 10, 2012 New Delhi: Total Assets Under Management of the MF industry dipped by 1.5% (byRs. 10459 crore) toRs. 6.88 lakh crore in June 2012, due to huge outflow from liquid funds. It was to a tune ofRs. 25128 crore from liquid funds, ...

Jpmorgan MF To Introduce Bonus And Annual Dividend Option Under Its Schemes
Jul 10, 2012 New Delhi: With effect from 23 July 2012 JPMorgan Mutual Fund has approved the introduction of Bonus Option and Annual Dividend Option under the Retail Plan and Super Institutional Plan of JPMorgan India Liquid Fund, JP...

Vivacity Mall Raises Funds Of Rs. 4.5bn From Indiabulls Finance
Jul 09, 2012 Mumbai:  Vivacity will be an iconic destination with the vibrant mix of unique retail and entertainment concepts for the discerning consumers Vivacity Mall, promote by Sheth Developers and Realtors India Ltd, today ...

Exim Bank Announces Winner Of IEDRA
July 06, 2012, New Delhi: The Exim Bank IEDRA Award 2011 was announced by T.C. A. Ranganathan, Chairman and Managing Director, Exim Bank. Dr. Brijesh Pazhayathodi is the winner of Export-Import Bankof India’s (Exim Bank) Inter...

City Union Bank: 'Banking On A Breakout' - Express Idea
July 8, 2012 New Delhi: After hitting lows of Rs40 in December 2011, City Union Bank has bounced back and has been going through a consolidation phase. The stock has been witnessing a consolidation around its 200DMA for almost a year...

Govt Approves Compulsory Purchase From Micro and Small Enterprises
November 16,2011 New Delhi: The government Tuesday gave its nod to a procurement policy under which 20 percent of goods purchased by central ministries and public sector undertakings would be from micro and small ente...

Private Equity Firms Defer Investment Plan In India
November 16,2011 New Delhi: Private equity firms are deferring investment plans in India or bargaining for a bigger pie of the business citing global economic slowdown and growing uncertainty in domestic markets. "A lot ...

Fin Ministry To Provide A Social Security Scheme For Unorganised Sector Workers
November 16,2011 New Delhi: The finance ministry is putting shape to a new social security scheme for unorganized sector  workers, creating for the first time a safety net for millions of underpaid and overworked...

India Biz Emotions Spike, Despite Woes
  May 30,2012 New Delhi: Corporate India's confidence l has shown signs of some improvement in the quarter of March  even though domestic economy is facing  high inflation and a likely drop in growth rate, revealed...

No Re-Opening Pre-April 1 Tax Cases: Government
    May 30,2012 New Delhi:In a bid to appease harried foreign investors, Finance Minister Pranab Mukherjee today reiterate the assessments that have already been finished will not be opened again by the income tax depar...

DSP BlackRock Mutual Fund Launches “DSP BlackRock FMP – Series 59 - 12M”
    JUNE 25,2012 : DSP BlackRock Mutual Fund has launched a new closure end plan income called "DSP BlackRock FMP - series M 59-12". The new Fund regime (NFO) offer price is 10 Rs per unit.   &nb...

Birla Sun Life Mutual fund files offer document for “Birla Sun Life Capital Protection Oriented Fund - Series 10”
  JUNE 25,2012 : Birla Sun Life Mutual Fund has launched a new closed end capital-oriented scheme called "Birla Sun Life Protection oriented Fund - series 10". The new Fund regime (NFO) offer price is 10 Rs per unit. ...

Religare MF Declares Dividend Under “Religare Short Term Plan - Plan A”
  JUNE 25,2012 : Religare mutual fund declared dividend 0.1987 for 100 plan monthly dividend payment option named "Religare short term Plan - Plan A", on the nominal value of 10 Rs per unit. The date of registrati...

Axis MF declares dividend under “Axis Banking Debt
  JUNE 25,2012 : Mutual funds of axis declared dividend 0.1703 per cent under payment of monthly dividend option scheme named "Axis bank debt Fund. The nominal value of 1 000 Rs per unit. The date of registration for th...

Fidelity MF announces dividend under “Fidelity Cash Fund - Institutional Plan”
  JUNE 25,2012 : Mutual funds of fidelity announced a dividend of 0.1566% under plan option of monthly dividend named "Fidelity Cash Fund - institutional Plan The nominal value of 10 Rs per unit. The registration for th...

HDFC Cash Management - Treasury Advantage Plan - Institutional Plan” Announces Dividend
JUNE 25,2012 : HDFC mutual fund has announced a dividend of 0.1950 per cent monthly dividend payment ability system known as as "HDFC cash management - Treasury advantage plan - institutional plan", on the face value of Rs...

SBI MF unveils “SBI Debt Fund Series-366 days-8”; NFO to close on July 11
  JUNE 25,2012 : SBI mutual fund unveiled a new regime of close ended income named "SBI debt Fund series-366 days-8,"with the time of maturity of 366 days."" The new Fund regime (NFO) offer price was 10 Rs pe...

HDFC MF Declares Dividend Under “HDFC Floating Rate Income Fund - Short Term Fund - Institutional Plan
  JUNE 25,2012 : HDFC mutual fund has declared a dividend of 0.2050 per cent under payment of monthly dividend option scheme named "HDFC floating rate income fund - short term Fund - institutional Plan.  The nomina...

IDFC Mutual Fund launches “IDFC Fixed Maturity Plan 366 Days Series 75”
  JUNE 25,2012 : IDFC Mutual Fund launched a new Close ended income scheme called “IDFC Fixed Maturity Plan 366 Days Series 75”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit and NFO opened on July ...

Reliance MF Files “Reliance Fixed Horizon Fund - XXII - Series 20 To Series 43” With SEBI
  JUNE 25,2012 : Reliance Mutual Fund filed  new closure plan revenues end named "Reliance fixed Horizon Fund - XXII - series series 20 43," with the time of maturity of 90 days to 60 months and 7 days. The new Fu...

FINO Becomes Common Banking Correspondent Company For Chhattisgarh
  July 06,2012 NEW DELHI: According to sources in the corresponding banking industry, FINO has won the tender of the State Bank Of India to become the company of correspondent banking commune for all public banks in Chhattisgarh...

RBI Cancels Scam-Hit Madhavpura Coop Bank's Licence
  July 06,2012 KOLKATA: Reserve Bank of India finally cancelled the licence of Madhavpura Cooperative Bank of Ahmedabad Mercantile, which has come under scanner in 2001 for his link to pay-order multi-crore of Ketan Parekh scam,...

Union Bank Of India Eyeing To Open Branches In Sydney, Dubai And London
  July 06,2012 : Union Bank of India (UBI), to extend and have the best presence abroad is considering to open three branches overseas before the year end. The Bank plans to open branches in the Australia - Sydney, England - Lon...

Tata Mutual Fund Declares Dividend Under “Tata EqP/ETriggerA5%”
  July 06,2012 : Tata mutual fund said the dividend of 10 per cent under the option of payment of the dividend of the plan, named "Tata EqP/ETriggerA5%". The registration for the dividend date is July 11. The NAV o...

RBI To Set Up Committee To Look Into Fixed Rate Loan Products
  July 06,2012 : The Reserve Bank of India (RBI) plans to establish a Committee to examine the issue of facilitating the development of products of loan fixed rates in the banking system, Deputy Governor of RBI, Anand Sinha said...

SBI Mutual Fund Gets SEBI Approval To Merge Two Schemes
  July 06,2012 Mumbai: In its intention to give the best performance for investors, mutual funds of SBI soon merged two of its projects that he has received the approval of the market regulator SEBI, a top company official said....

Sensex Crosses 17k Level, Up 144 Points In Early Trade
  July 06,2012 Mumbai: The reference of the BSE Sensex has gained 144 points at the start of trade Monday to cross the level 17 000 on buying by funds and retailers, after the Finance Minister Pranab Mukherjee, Saturday, said th...

Vijaya Bank Opens 171 Ultra Small Branches In A Single Day
  July 06,2012 Bangalore: The Vijaya Bank has announced the opening of 171 ultra miniature branches in a single day beneath the initiative of villages of Financial Inclusion (FI) in different regions of the country. Presiden...

Tax relief On ECB Borrowings On Anvil
  July 06,2012 New Delhi: As a key calculate to encourage the foreign influx, the Government Monday said it will soon reduce tax on payments of interest on to 5 per cent from the present 20 percent foreign loans. The withhol...

Pricey Food, Crude Oil May Have Caused Inflation In Past 2 yrs
  July 06,2012 Mumbai: Rising food prices and crude oil may have contributed to high rates of inflation over the past two years despite its monetary policy, said a RBI, working paper. Despite tightening monetary by the RBI i...

India Must Find A Way To Be An Ally With China: Ratan Tata
July 09,2012   New Delhi : China's economic strength on a real concern, but one way to become an affiliate with India, Tata Group Chairman Ratan Tata to be found per.India-China relations as "not adversa...

Essar Oil's Bank Accounts Sealed
July 09,2012  Ahmedabad : The first step for More than 8000 million sales tax liability collection, in the recovery of the Narendra Modi Government on Monday seized three bank accounts of Essar oil. Government action&...

Rupee Breaches 56-Mark To Dollar On Weak Global Cues
July 09,2012  Mumbai : Indian rupees again Monday to mark major 56 against the u.s. dollar. this fourth day of violation of weakness in Asian stocks for tracing fell and concerns about th...

Rupee Seen Weak On Month-End Dollar Demand
May 29,2012  Mumbai : Rupee under pressure from oil companies demanding the end of the month because the dollar this week, is expected to be. in addition, the euro area domestic currency exchange rate from the latest devel...

Sundaram Finance Sees Market Discouraging This Financial Year
May 29,2012  Delhi: Non-banking finance company located in Chennai, Sundaram Finance Ltd., in the near future, other challenges, coupled with the current uncertainty in the economy considering a hard ma...

State Bank To Cut Bad Loans To 1.6% In FY13
May 30,2012   Delhi : State Bank of India Tuesday its net non-performing assets (NPA) will reduce the ratio to the total present has 1.62 percent to 1.8 percent this fiscal year.Union Finance Minis...

SBI To Rework Structure In Circles
May 30,2012  Mumbai : SBI (SBI) to improve supervision and recoveries within the structure of the business circles of the country's largest lender in the improvement. a regional manager from 60...

Re Weakens, Down 49 Paise Vs Dollar
May 30,2012   Mumbai : Reserve Bank of India intervened in domestic currency on the money at the end nearly 49.55.67 ,Interbank foreign exchange market, the domestic unit opened in weak and slowly ...

Speciality Restaurants Lists At Rs 153
  May 30,2012 Mumbai: Speciality Restaurants today listed on the Bombay Stocck Exchange at Rs 153, a premium of nearly 2 % over its issue price of Rs 150. Within few minutes of listing, its scrip accumulated momentum and tou...

Tata Motors Shares Plummet Nearly 12 %
  May 30,2012 Mumbai:Shares of Tata Motors got tattered today dipping nearly 12 % as investors were disappointed on lowering down Jaguar Land Rover margins even though the company posted an over two-fold leap in consolidated pro...

MCX IPO India's Biggest Debut Gainer
May 30,2012 New Delhi:With its shares rocketing sky 26 % on debut trade, country's largest commodity bourse MCX remains to be the most successful initial public offering in this year accompanied by turbulent market conditions. Am...

Shree Renuka Sugars Shares Plummet 4%
May 30,2012 Mumbai:Shares of Shree Renuka Sugars today fell by over 4 %  after the company witnessed  a loss of Rs 71.9 crore for the quarter that ended up on March, 2012. In addition the weak stock market, shares of the co...

CII Wants Extension For Public Shareholding
  May 30,2012 New Delhi:Following the volatile market conditions, industrial body CII today require two more years till June 2015 from Securities Exchange Board of India for listed companies to obey the mandatory norm of 25 % mi...

India Q4 Net Profit At Rs 4, 050.27 CR To Surges State Bank
 May 18,2012 New Delhi: SBI (SBI), the country's largest lender, net profit of RS 050.27 crore on March 4, 2012, just in the last financial year Q4 RS 20.88 million recorded in the fourth quarter against the finish post. SBI...

The Finance Ministry Is Looking For Divestment In The Etf Route
July 9, 2012 New Delhi: The Ministry of finance in the current financial year to complete disinvestment target RS 30,000 crore to move as part of a sale of shares of State-owned companies to consider an Exchange Traded Fund (ETF). A ...

Reliance Life Insurance Company To Make Sure Top Of India: Nippon
  July 8, 2012 New Delhi: India’s strong growth potential despite short-term economic headwinds, Japan's Nippon life are confident it  will be put to use said all the country's top life insurer of its Indian p...

Private Equity Deals Worth $ 3.6 Billion Plunge In The First Half Of 2012: Ernst & Young
July 8, 2012 New Delhi :The value of private equity deals in India "a number of ups and downs" in the first six months of the regulator between 2012 to $ 3.6 billion, slumped and taxation global consultancy Ernst & young (e...

Union Bank Of India To Open Three Overseas Branches Based On Finance
July 8, 2012 Mumbai: The State-run lender Union Bank of India (UBI) has said that it has three overseas branches in London, Sydney, Dubai and plans to open before the end of fiscal. "I hope that at least three overseas branches ...

Macro Concerns This Week Oil Price Hit: Survey
July 8, 2012  Mumbai:  Benchmark oil prices this week, soft economic data which is expected a slowdown in activity in the world's second largest economy, is expected to show the pace House from China react to oil market tre...

Support Increased Foreign Direct Investment Insurance: Bjp
July 8, 2012 New Delhi: The Government, which is referring to the late push reforms, the BJP if it reached out to the opposition, "foreign direct investment in insurance sector at rising. "We will see to your concrete sugge...

Fiis Add Over Rs 5,200cr In Four Sessions
 July 8, 2012 NEW DELHI: Foreign investors in the equities market, Prime Minister Manmohan Singh over 5,200 crores over optimism generated by just four trading sessions this month between the nation's finances taking charge duri...

Asia Stocks Rise On Weak U.S. Jobs After A Bottom Care
July 8, 2012 Mumbai: Sluggish U.S. job data on Monday, Asian shares slumped and as the euro and inflation in China slowed cooling global economic growth and deepen concern about risk aversion of European banks to shore up the steps to a ...

Again These Weeks Are Likely To Be In The Range Of 54.50-55.30: Experts
 July 8, 2012 Mumbai: The last few trading session after losing early gains, according to RS specialists worldwide-54.50 55.30 range more stimuli after renewed risk aversion due to the three key central banks this week, trading last...

Detecting Forged Currency By The Reserve Bank To Explain Launches Website
July 8, 2012 New Delhi: Counterfeit note about public awareness of counterfeit notes, the Reserve Bank to explore ways to interpret a website. With a tagline 'Pehchano Paisa Ki Boli, Kyunki Paisa Bolta Hai', the website -- ww...

Thomson Reuters To Invest Substantially In India In The Next Few Years
 July 8, 2012 Mumbai: Thomson Reuters, a 14 billion dollar organization around in terms of revenue, substantially invested in India in the next few years. Company which is present in approximately 130 countries – financial...

Early Trading In 108 Points Down Sensex
July 8, 2012 MUMBAI: The Bombay Stock Exchange benchmark index in early trading nearly 108 points fell on Monday as funds and retail investors to sell Asian markets on a weak trend in between. 30 all-share index, which had lost in th...

Europe Is The Latest Disappointment For The Market
 July 7, 2012  Europe's financial markets on Friday, the United States of America-for once-dismal data from the eurozone but instead a currency Union indicated by underlining the fragility of a debt crisis suddenly turned n...

Make Way For Offbeat Indian Taxpayer Savings
July 7, 2012 : your savings plan and maximize their income tax components that you can use to understand the importance of sufficient force cannot plan your taxes. best ways to a well in advance to start the practice; By the end of the f...

India Inc. $ 3.3 Bn In May Raised By The Ecb
July 7, 2012 Mumbai: Indian companies raised $3.37 billion (Rs 18,630 crore) through external commercial borrowing (ECB) in May, to fund modernization, foreign acquisitions, import of capital goods and onward lending. The comparable ...

Ready Reckoner: How E-File Your Tax Return
July 7, 2012 Drawing closer, it once again to pore over their documents and have time to ring your tax advisor. Most people adopt the traditional method and chartered accountants prefer to handle cumbersome process. However, the taxable ...

India's Foreign Exchange Reserves To Grow By $ 1.36 Bn
July 7, 2012 Mumbai: India's foreign exchange reserves (foreign currency) to $ 1.36 billion from $ 289.992 billion for the week, the Central Bank of India grew up data showed. Foreign currency assets, foreign exchange reserves th...

Insurance Company "Entire1300 Strong Workforce Through E-Mail By Mistake" Bag!
July 7, 2012 New Delhi: Aviva investors, insurance companies of over 1300 asset management arm, one of the workers at the company's human resources department to receive e-mail exit. The memo, which was intended for all employees...

Strengthen Your Mutual Fund Portfolio Is The First Thing You Should Be Doing
July 7, 2012 New Delhi :The worst phase in domestic equity markets as well as worldwide investors continue to fall even mutual fund investors is that both domestic as well as global markets have been spared from the effects of events is ...

India Interest Rate Transmission Is Broken
July 7, 2012 New Delhi: Growth has slowed down the growth rate at 5.3%, India. Official slow March quarter in the 8 years since we have increased a massive development and '' exports to another data point that reinforces the soun...

Life Insurance Launches New Index-Linked Insurance Plans
July 7, 2012 New Delhi: A whole new range of life insurance products from insurance plans have been index discussions on the final product design guidelines to bring more clarity with an expectation of life insurers and insurance regulat...

United Kingdom-Based Financial Services Provider Standard Life Plc.
July 7, 2012 New Delhi: Indian private sector HDFC life insurance company life insurance co a new investment plan as "smart woman" especially in urban areas designed for working women is rolled out the title. Insurance plan...

Plan Com 10% Decline In Poverty In The 12th Plan Subtraction
New Delhi Jul 07, 2012: Planning Commission, compared to less than 20% 2016-17 (12th five year plan of the Terminal), 10 percent of the population by the poverty reduction goals of the points to consider. 11th five year plan (2007-12...

SEBI Regulators To Take Issue With The Body
 July 7, 2012 New Delhi: Securities and Exchange Board of India (SEBI) financial sector regulators is an international platform with qualified foreign investors (QFIs) framework for the sale of shares through the Indian regulators w...

Insurance Companies Will Have To Expand Foreign Operations: Irda
July 7, 2012 Kolkata:  Insurance companies look beyond national borders and to expand their operations abroad, Sudhin Roy Choudhary, Member (life) insurance regulatory and Development Authority (IrDA), said on Friday. "If f...

No-Frills Accounts Are Not A Nuisance: D By Subbarav
July 7, 2012 Mumbai: Reserve Bank of India Governor de subbarav, for low-value customers and small transactions eschewing banks reprimand. Chief of Central Bank don’t-said countries like India, China financial inclusion-Kenya and M...

Rupee Slides As Us Jobs Than Expected Can Resume
July 7, 2012 MUMBAI: RS as it set a record for the European Central Bank cut interest rates a gloomy economic picture in US Treasuries and German bonds to investors looking for security after pushing submit third straight but money marke...

Year to Date the Stock Outperform A Nifty Financial Services
July 7, 2012 MUMBAI: Financial services stocks fared better, as measured by CNX finance index-wide market so far this year. Increase 15% in stock with  nifty CNX finance companies from the banking, financial institutions index and 2...

IK Gujral's Office of Economic Advisory Council Chairman C Rangarajan Was All Set New Economic Policy
July 7, 2012 NEW DELHI: Capital, are generally unaffected by noise science building, tucked away in the heart of a quiet, small four-roomed Office. But, even the head of the Government Office of a cool decision by some residents of UPA i...

Single-Brand Retail Foreign Direct Investment: Government Sourcing Criteria May Not Be Diluted
 July 7, 2012 NEW DELHI: International players ' wholly owned ' single-brand retail stores set to allow Government criteria within two months, and cottage industries such as IKEA, Nike village and bowing to pressure from App...

Bonds Well To Recover on Demand, Call Rate Increases Ahead
 July 7, 2012 MUMBAI: On Government securities (g-sec) recovered overnight money market rate for call money on here, while banks and companies, the Bank continued to demand support from buying good today on borrowing. 9.15 per c...

Wall Street Week Ahead: Stimulus Move, Profits To Be Focused
July 7, 2012 : Wall Street over the past two months has gone in circles, and the pattern of earnings season continues despite forth coming. Quarterly report cards from blue chips and Alcoa as China more important data from the Centra...

The Reserve Bank Has Seen The Dollar Sold Through State Banks: Trader
Mumbai Jul 06, 2012: Central bank sold dollars via state-run banks starting at Rs 55.62 RBI sharp drop in thin trading conditions in the RS Government banks to sell the dollar, five dealers through Friday said. The partially conv...

Insurance Companies Cover Renewal Quote For AI Policy
Mumbai Jul 06, 2012 : Air India's annual insurance premium renewals coming up October 1, policy, around $ 30 million to be modest (RS 160 crore) are likely to be worst ever premium expense for the biggest airline operator in the coun...

RS 50 CR Promoters of Chola MS Picks
Chennai Jul 06, 2012 : Cholamandalam Ms General Insurance Company Ltd., Mitsui Sumitomo Insurance Group in Japan and murugappa group, a joint venture between 50.05 million raised around RS is its promoters of million. Its gross written p...

More Customers Now Opt For Online Health Insurance Policies
Jul 06, 2012  Mumbai  :Popularity online life insurance policies after last year, experts say online to purchase health insurance policies as well. So far, this research and compare products online to a common but when it c...

Industrial Markets Week Ahead: Production, Inflation Data to Drive Business
 July 6, 2012 : Reuters market monitor-and is expected to strengthen further, and 56 per dollar next week, while bond yields head towards 55.70-00 production factory data and ahead of inflation in a range are expected to convene lat...

Gold Futures Marginally Lower On Global Cues
 Jul 06, 2012 New Delhi:  Gold prices marginally to RS 23-10 in futures trading 30025 GM today amid a weaker trend of overseas speculators trimmed down as the situation. Multi commodity exchange, gold for October delivery, ...

US Regulations May Upset QFI Cart
 Jul 06, 2012,New Delhi : The Government's plan to bring in more foreign inflow and struggling equity markets to shore up the rupee and sliding blocks an unexpected hit. Qualified foreign investor via US investors (QFI) rule...

High Risk Security With Focus On Stocks: Sunil Singhania
Jul 06, 2012 Mumbai: The stock market started moving again, but investors continue to be vigilant. Sunil Kant Singhania, a conversation with teens leading sandalwood reliance mutual fund equity investors in just once again should not mis...

Policy Tweak Needed, Must Prevent Realty Rebound: Wen
July 09,2012  Mumbai : Chinese Premier Wen Jiabao said that downward pressure on the economy is still "relatively large" and Government policies of fine tuning, even a recession since April helping measures taken...

Bond Yields Seen Up In Absence Of Open Market Ops
July 09,2012  Delhi : Market this week any open market operations (OMOs) Reserve Bank of India (RBI) also yields on government bonds as expected, is likely to move up. traders said liquidity conditions ...

RBI To Meet Bankers Today
July 09,2012  New Delhi : The country's top bankers Monday, Reserve Bank of India officers at first quarter review of monetary policy ahead of schedule on July 31. Pre-policy discussions the Central Bank's inf...

Public Sector Banks Told To Cap Bulk Deposits At 10%
July 09,2012  Delhi : Corporate bulk deposit cap on public-sector banks about a flip-flop, directed at the Ministry of Finance 10 percent of total deposits them eventually but for the current financial ...

Will Make Reliance Life India's Top Insurer: Nippon
July 09,2012  New Delhi : India's strong growth potential despite short-term economic headwinds, Japan's Nippon life it is confident its Indian partner to help put all your resources to use reli...

Discom Debt Rejig Plan Worries Banks
July 09 ,2012  Delhi : Corporate debt restructuring (CDR), which is already in the first quarter of the fiscal year saw a fivefold jump, break new records center RS 2 million million loan as State power utilities to recommend&n...

Trade Group For Bankers Regulates A Key Rate
July 09,2012  Mumbai : It was big news when Marcus Agius, Barclays Chairman, Libor rate on Monday in deciding the role of their bank scandal but resigned the same day my other resign...

India Inc's Deposits Lose Out Amid Better Liquidity
July 09,2012  Delhi : Indian companies extra cash, the two-digit returns if banks until recently used to, very few significant liquidity position of finding buyer .In the liquidity deficit came down significantly...

RBI Governor Duvvuri Subbarao Not To Cut Rates Unless PM Can Contain Fiscal Deficit
July 09,2012  Mumbai: stars of DuvvuriSubbarao Reserve Bank of India cut interest rates by the end of month of  the Governor for appearing to align, but until that Manmohan Singh, who holds the finance portf...

Bank Licences Can Be Given On The Basis Of Existing Regulations, Says C Rangarajan
July 09,2012   New Delhi: Indian banking regulation Act Reserve Bank new banks also should consider revising the unlicensed, Prime Minister Manmohan Singh is a leading policy advisor said.The Reserve Bank's banking reg...

Bank Chiefs To Seek Rate Cut From Reserve Bank Of India
July 09,2012  Mumbai: RBI credit policy meeting Monday its customary pre-to improve the investment climate (RBI) Deputy Governor Subir gokarn to cut rates to try to dominate the Bank chiefs.RB...

GAAR impact: No relief for companies based in Mauritius
July 09,2012  New Delhi: India make it clear that controversial General Anti Avoidance rules Mauritius — the application will not make an exception or companies registered in the country of Islands for...

FinMin Mulls Exchange Traded Fund For PSU Stake Sale
July 09,2012  New Delhi: Ministry of finance mulling setting up RS 30,000 crore in the fiscal year to meet the target of disinvestment steps as part of a sale of shares of State-owned companies to an Exchange Tra...

Sebi Mulls New Self-Regulatory Body For Bourses
July 09,2012  Delhi : Capital market regulator SEBI exchanges a free SRO (self-regulatory organization self) plan, but the day trading regulations and monitoring action to keep up with the markets.SEBI ...

Rupee Erases Early Gains; Down 10 Paise Against Dollar
July 09,2012  New Delhi : Rupee against the dollar failed to sustain early gains and money to 55.71 on Monday morning by fresh demand for the u.s. currency and banks on the foreign exchange ma...

4 Kingfisher flights cancelled from Mumbai
July 09,2011  Mumbai : Four Kingfisher flights from Mumbai Kingfisher airline pilots strike by a section of today's cancelled due. flights pilots, due to non-availability of airport since morning, s...

We Can Ride Out Another Global Crisis, Says Montek
July 09,2012  New Delhi : India in the worst kind of financial planning Commission Deputy Chairman Montek Singh Ahluwalia here on Monday, the euro-zone crisis has given assurances that the shock has the ability ...

India To Add $10 BN To Aid Europe
July 09,2012  Mumbai : Money contributed to an estimated 63 billion dollars, IMF an emerging group og currently BRICS countries-billion-dollar emergency fund in India by 430 chaired .BRIC...

Govt Asks RBI To Work On Making Electronic Fund Transfers Free
July 09,2012  New Delhi :Finance Minister Pranab Mukherjee has suggested that among others, Deputy Governor k c Chakrabarty RBI also was attended by public sector banks, in a meeting with Chief Executives in his ...

In The Interest Of Consumers
July 09,2012  Mumbai : Rising interest rates cause concern in many homes the existing loan or borrow money servicing plans. a long wait, interest rates are set to moderate. for the first ...

Standard Chartered Bank Launches India's First Instant Online Credit Card Approval Solution
  June 25,2012 MUMBAI: Standard Chartered Bank, India's biggest international bank has gone digital, introducing India's first instant online Credit Card approval solution, which will facilitate a customer to apply for a...

Vijaya Bank Announces To Open 171 Ultra Small Branches
  June 25,2012 BANGALORE: Vijaya Bank has made the  announcement of opening  171 ultra small branches in a single day in the Financial Inclusion (FI) villages initiative in different parts of the nation. Managing D...

Nine PSU Banks Amalgamated For Funding Infra Project
  June 25,2012 NEW DELHI: Nine state-owned financial institutions, including Punjab National Bank, Bank of Baroda, SBI and  LIC, have multilated for funding a infrastructure projects having value of over Rs 1,000 crore each...

Lakshmi Vilas Increases Deposit Rates By 0.50 % Points
  June 25,2012 MUMBAI: Lakshmi Vilas Bank  announced a 0.5 % point increment  in deposit rates in a single maturity. Depositors depositing  money for  271-364 days maturity will have to pay  an inter...

Can't Abate Assured Sum After Charging Higher Premium: Forum
  June 25,2012 New Delhi:Once the premium for a certain secured sum has been charged by an insurance company under a policy, the same can't be abated later when a claim is been  made, a consumer forum here has organised...

Pranab Hopes To Lift Rupee From Record Low
  June 25,2012 Mumbai: The rupee rallied more than 1 percent on Monday on hopes for government measures to bring to an end  slump in the currency, which was a record low on this Friday, with traders predicting action to imp...

Some Banking Giants More Dominant Than Central Banks: Ex-RBI Governer
  June 25,2012 New Delhi: At a time when the financial sector is criticised for much of the global economic crisis, former RBI Governor Mr Y V Reddy quoted that some financial giants are even more powerful than even the cent...

RBI ‘Vaccination’ Fails To Benefit Markets, Rupee
  June 25,2012 New Delhi: Expecting to further support the Falling rupee and Recruit dollar inflows, the Reserve Bank of India on Monday announced a relaxation in some key investments and borrowing limits. But the moves failed t...

Telecom Vendors Growth Declined In Financial Year 2012 To Rs 1.13 Lakh Crore
  June 25,2012 New Delhi:Telecom product and equipment segment growth dipped slightly in the financial year 2011-12 at Rs 1,13,188 crore primarily due to uncertainty in policy and low spending by operators in the backdrop of hug...

Gujarat HC Rejects Essar Oil Urge, Asks Govrnment To Speed-Up Recovery
  June 25,2012 Ahmedabad: The Gujarat High Court today rejected Essar Oil LTD (EOL) request for relief in settlement of over Rs 8,000 crore due as sales tax postponement liability and directed the state to speed up the recovery....

National Insurance To Pay Rs 25K For Failure To Process Claim
  July 06,2012 Delhi: The failure of National Insurance Co Ltd (NICL) a death claim process for four years led a consumer forum here ask it Rs 25,000 as compensation to the relatives of the policyholder for "extreme neglige...

Reliance Life Insurance Launches Online Life Cover Plan
  July 06,2012 New Delhi: Reliance life insurance Wednesday said that there is a online plan-reliance life insurance eTerm-- with a maximum lifetime of RS 1 crore for policyholders in the age group of 18-60 years, the process of...

CBDT Extends E-Filing Date For Liaison Offices Of Foreign Cos
  July 06,2012 New Delhi: The CBDT extended the last date for the electronic filing of returns for the liaison offices of foreign entities by four months to 30 September as the appropriate installation has not yet become operati...

Liberty Videocon Gen Insurance Gets IRDA NodTo Start Biz
    July 06,2012 Mumbai: Tuesday General Insurance Company Videocon Liberty said that it has received the final approval of the regulatory body.     We have received the mandatory authorization of ...

Tata AIG Life Becomes Tata AIA Life
  July 06,2012 New Delhi: Tata AIG life insurance was renamed Tata AIA Life Insurance Company, following the release of American International Group (AIG) from the insurer based in Hong Kong AIA Group. Tata AIG was created i...

RBI Steps In To Improve Capital Inflows
  June 25,2012 New Delhi: A slay of measures taken by the Reserve Bank to capture rupee slide will help in improving capital inflows as well as depreciation in the domestic currency, experts quoted today. "These measure...

IDBI Sells 2.30% Stake In Parsvnath
June 25,2012 New Delhi: Realty firm Parsvnath today quoted that IDBI Trusteeship Services Ltd has thinned its stake in the company to 13.36 % by removing one crore shares. In a filing to the Bombay Stock Exchange, Parsvnath quoted th...

Government To Set Up Panel To Control Price Fluctuations In Commodities
June 25, 2012 Mumbai: The government today quoted it will set up a committee in the upcoming week to advice on ways to curb fluctuations in prices of commodities in the near future market. "We are in talking with the regulator F...

Supported By India, Global Milk Production To Reach 750 Mt In 2012: FAO
June 25, 2012 New Delhi: Supported by rising milk production in India, global milk output is estimated to rise by nearly 3% to 750.1 million tonnes  in the current year, United Nation’s working  body FAO quoted. World...

Natco Lost Teva Case, Shares Down 6%
June 25,2012 Mumbai: Shares of Natco Pharma today closed 6 % down on the bourses as the company has lost a patent litigation against Israel's Pharma company Teva in the US over multiple sclerosis treatment drug, Copaxone. Making ...

Crisil : Indian Banks Need Rs 8-Lakh Cr To Meet Min Capital Adequacy
November 4,2011 : Indian banks would require additional Rs 8 lakh crore to meet the minimum capital adequacy under Basel III norms, ratings agency Crisil has said. The amount is over and above their earnings in the transition period...

BNP Paribas Slashes Exposure To Greece, Italy and Spain
November 4,2011: France’s biggest listed bank BNP Paribas slashed its exposure to Greece, Italy and Spain by more than euro 12 billion ($16.6 billion) in a bid to protect its balance sheet as the euro zone debt crisis threaten...

Greece Exit From Euro A Possibility
November 3, 2011 Cannes, France: European leaders' long-delayed admission that a break-up of their cherished common currency was a distinct possibility is overshadowing a two-day meeting of the world's largest and fastest gr...

Food Inflation Moves Up To 12.21% (Week Ended Oct 22)
November 3,2011 New Delhi: Food inflation rose to 12.21 per cent during the week ended October 22, with expensive vegetables, pulses, fruits and milk, putting more burden on the common man.  Food inflation, as ...

Standard Chartered's revenue from India Business Continues To Fall
November 3, 2011 Mumbai: Standard Chartered Bank's income from Indian operations has seen a further slowdown, said the bank in its interim management statement for the third quarter of 2011, released on Wednesday. ...

India Fizzled Out Of Top 12 HNI Wealth List
June 20,2012 New Delhi: India is placed out of the list of top 12 countries with largest High Net worth Individual population as a significant attrition in equity market in 2011 took a levy on assets and investable wealth of billionaires...

Wipro Launches Desktop PC For SMB Sector
June 20,2012 New Delhi: Wipro today announced that it has launched a desktop PC for medium and small businesses which has low-cost 6-Core AMD FX 6100 processor and operating system Ubuntu Linux. "Wipro InfoTech, the Middle and E...

Jet Air Attracts students seeking admission
June 20,2012 Mumbai: In an attempt to attract students aspiring for admissions in Western colleges and universities for higher studies, private airlines Jet Airways today made an announcement of  a special baggage scheme, which allo...

Reliance Life Insurance Released Online Life Cover Plan
June 20,2012 New Delhi: Reliance Life Insurance today quoted that it has launched an online insurance plan -- Reliance Life Insurance Term with a maximum life time cover of Rs 1 crore for policyholders in the age bracket of 18 to 60 year...

Kansai Nerolac To Purchase Nepal Co Stake
June 20,2012 New Delhi:Kansai Nerolac Paints quoted that it is in the final stages of buying a major stake in a Nepal-based paint company by making an investment of Rs 7.55 crore. The company is in the procedure of buying a 68 percen...

Future Generali Launches Micro-Insurance For Rural Segment
  July 06,2012 Mumbai: Player of general private insurance Generali future India Tuesday launched a targeted micro insurance product segment rural, to ensure the protection of their business. Political Sampoorna Suraksha fut...

RBI Releases Database To Locate Bank Branch, Related Info
  July 06,2012 Mumbai: The Reserve Bank Of India Friday published a database that will provide information on the location, population group, authorized dealer details category and license of branches and offices of commercial b...

CNG Price In NCR Hiked By Rs 2.90 Per Kg
  July 06,2012 New Delhi: CNG price in the delhi and adjoining towns was increase on Friday by Rs 2.90 per kg, the 3rd raise in rates this year.The pricew of Compressed natural gas in Delhi will Rs 38.35 per kg W.e.f midnight Fr...

Poor Monsoon Could Slow India Growth To 5.6%-6%: Citi
  July 06,2012 New Delhi: Indian financial system could see a slower expansion at 5.6-6 percent in the present economic if the monsoon remains deprived worldwide financial services major Citi has said. The approximation is m...

Punjab Government Increases Rate Of Interest On Group Insurance
  July 06,2012 Chandigarh: The Punjab govt on Thursday amplified the rate of interest on Group Insurance plans (GIP) of state government workers to 8.6 percent quarterly for the year 2012. Economics and Planning Minister Pa...

Birla Sun Life Insurance Deploys IBM's Planning Solution
  July 07,2012 New Delhi: IBM said Tuesday it Birla Sun life insurance planning solutions ' it (BSLI) that Cognos TM1 ' big-budget process to streamline the insurance and will help more efficiently deployed. IBM Soft...

Future Group to sell stake in stationery JVs, supply chain
June 20,2012 New Delhi: After announcement of stake sale in Future Capital and Pantaloon, Kishore Biyani’s Future Group is preparing itself for more sell-off, including Staples Future Office Products and Future Supply Chain. Th...

ICICIDirect Mutual Fund Appraisal
June 20, 2012 New Delhi: Any pointed correction should be utilized to gather equities as fundamental market valuations are far more sound and provide a safety margin. Equity market outlook Global commodity prices have dipped sign...

Punjab Post Offices Offer Flat 6.5% Discount On Gold Coins
June 20, 2012 New Delhi: The Chief Postmaster General of Punjab Postal Circle announced a special festive offer on the auspicious occasion of 'Pushya Nakshtrey' on June 22 to get a flat 6.5 % discount on the market price of gold ...

ICICI, SBI Unaffected By Fitch Downgrade
June 20,2012 Mumbai: Stocks of eleven banks, whose credit rating outlook was slashed to negative from what earlier was stable by global agency Fitch, remained unaffected by the move and settled today with gains of up to 1.3%. Fitch t...

Fitch Slashes PNB, SBI, ICICI, Axis Outlook
June 20,2012 Mumbai: Global agency Fitch today has slashed credit rating outlook to negative from what was stable of 11 financial giants including SBI, ICICI Bank, PNB and Axis Bank. The action is followed after the revision earlier ...

IDFC MF Launches “IDFC Fixed Maturity Plan - 366 Days Series 75; NFO To Close On July 10
July 07,2012 : IDFC mutual fund “IDFC fixed maturity plan-series 75 of 366 days, maturation time, finish off new 366 days of income scheme unveiled. This new Fund offer (NFO) to RS 10 per unit opened for subscription today. NFO...

Birla Sun Life Floating Rate Fund - Long Term Plan - Institutional Plan Announces Dividend
July 07,2012: Birla Sun Life Mutual Fund has affirmed a dividend of 0.1506 per cent under weekly bonus payment option plan named as Birla Sun Life Floating Rate Fund - Long Term Plan - Institutional Plan”, on the face price of Rs 1...

Tough To Judge Indian Rupee's Movement, Says Banker
July 07,2012 Panaji: If the Indian rupee will bounce back to its collapse as a result of the global emerging market volatility, it's hard to say (investment banking), Managing Director of Morgan Stanley said here on Friday. It sa...

Gold Imports Could Rise By 20% In 2nd Half: Bullion Assn
July 07,2012 New Delhi: The second half of this year might see 20 % amplify in gold imports to 300 tons over the first six months, a bullion organization has said. Imports in the second half of the datebook year will be near around 3...

Godrej Properties Stock Jumps On Rs 770 Crore Property Fund
  July 07,2012 Mumbai: Shares of realty firm Godrej Properties today surged nearly 10 per cent on Tuesday after the company created a Rs 770-crore residential development platform with international investors. Shares of the...

SBI Waives Minimum Balance Criteria For Savings Bank Account
  July 07,2012 New Delhi: In order to magnetize new customers, State Bank of India (SBI) has done away with smallest amount balance criteria for saving banks account. The bank will not tariff any charge for breaching smalle...

Nagpur Railway Division Earns Rs 209 Crore
June 20,2012 Nagpur: The Nagpur division of Central Railway has managed to gross whooping revenue of Rs 209.63 crore in May this year, with an increment of 53%, sources said. In the parallel month last year, the revenue generated was...

Allowance For Unemployed In Rajasthan
June 20, 2012 Jaipur: Qualified people who are unemployed and are registered with the state government will get an allowance in Rajasthan from 1 July. Under this scheme, normal candidates (both female and male) will get an allowance ...

FDI In Aviation Still A Question
June 20,2012 New Delhi: The government may not be able to permit foreign airlines to buy stake in cash-starving domestic carriers in the upcoming near future as key UPA supporter Trinamool Congress remains adamant in opposing the move, s...

Government To Evade 14 More Services From Tax
June 20, 2012 New Delhi: The government on Wednesday announced to add services by lawyers and 13 other items to the list of services evasion from the 12% tax as the nation migrates to a more complicated taxation of services from July 1 w...

Pay Educational Institutions Fees With Pre-Paid Cards
June 14, 2012 Mumbai: To Make life easier for people, the Reserve Bank of India today allowed pre-paid payment cards holders, to deposits their school and college fees and also pay taxes in addition for buying rail and air tickets within...

2012-13 Budget: Taxing Budget Before Finance Minister On Demand
 June 6,2012 NAGPUR :If he can cut the fiscal deficit, while the trade unions and the Government of implementing the agenda in secret about taxpayers is to satisfy the demands of the Finance Minister faces a tightrope walk, while ta...

IDBI Bank Corporate Biz Rejigs
Jul 06, 2012 Mumbai: Public sector lender IDBI Bank reorganized its corporate banking business in sustaining operations. These large corporate and mid-sized corporate groups have merged. Such a change is the structure that were separ...

Extended Time for Buyback Plan FCCB
Jul 06, 2012  Mumbai : They Reserve Bank of India (RBI) today convertible debenture (FCCB) by March 2013 term buyback of Indian company’s foreign currency. It also revised the norms for buyback transaction pricing. FCCB...

Chidambaram to Head Panel on Spectrum Ministers
July 6, 2012 New Delhi: In a move that’s likely to send the blood pressure of opposition parties shooting up, the government has decided that Home Minister P. Chidambaram will head a group of ministers in charge of deciding how muc...

Standard Chartered Rupee Upgrades; Says India May Have Missed Fiscal Targets
July 6, 2012 New Delhi: Its short-term rating to RS Standard Chartered to "neutral" from "underweight" by the end of September and advanced, previously predicted forecast for 57.50, 56 to add cross "likely" ...

9% Growth in the Next 5 Years of Global Recession Not Possible : Montek Singh Ahluwalia
July 6, 2012 NEW DELHI: The past year the global economic situation deteriorated, keeping in mind over the next five years achieving average growth rate of 9 percent is not possible, and can be 8-8.5 per cent, and the Planning Commission...

Central Banks Act to Promote the Development
July 6, 2012 New Delhi: High-quality global journalism investment. Central banks in Europe and Asia monetary policy and cut interest rates to stimulate the sluggish global economy eased by Thursday were attempted. The people'...

The Government Will Decide On Foreign Direct Investment In Retail At The Right Time: Gopalan
July 6, 2012 CHENNAI: Government at the right time in the multi brand retail sector allowing foreign direct investment as it is used to capture the issue of a decision on Economic Affairs Secretary R. Gopalan will take, said today. H...

For The Next 3 Years, India Most Preferred Investment Destination 3: UN Report
July 6, 2012NEW DELHI: Some provide that capital flows will increase in the coming years in the expectation of most investment destination India third foreign companies over the next three years for China and the United States, after a U...

Reserve Bank Banks To Develop Cost-Effective Village Branch Model
July 6, 2012 CHENNAI: The Reserve Bank of India Bank to promote financial inclusion for the order to develop a cost-effective model village branch. "In fact, I think there's a cost-effective model, innovating at a much large...

Insurance Regulatory and Development Authority RS 1.5 Lakh Fine on Indus Ind Bank Slaps
July 6, 2012 CHENNAI: Insurance regulatory and Development Authority (IrDA) for violation of the rules of corporate agency Thursday private IndusInd Bank at Rs. 1.5 crore slapped properly. Cholamandalam Ms General Insurance Company L...

CX Partners Close To Investing Rs 500 Crore In Security Firm Security And Intelligent Services (India)
July 6, 2012 NEW DELHI | BANGALORE: CX partners, New Delhi-based private equity firm, the former Citigroup venture capital international managing partner Ajay Relan , founded about 500 crore in private security firm security and intellig...

IT Development This One Fourth Will Come From Currency Trading Shifts, Not Basics
July 6, 2012 New Delhi , Bangalore: In a year which has seen the oppressed become loud and off shoring to create jobs locally and to us $ 70 billion sought by European Governments, Indian technology services sector one of their most chal...

All Eyes On The Reserve Bank Of India, China, UK And European Central Banks Cut Rates
July 6, 2012 MUMBAI:  Central banks in China, the UK and Europe, their economies monetary levers (RBI) in the same household can expect soon to be set up to encourage, but experts said the Governor wielded d subbarav with a rate cut...

What Is Your Assessment Of The Economy Now?
July 6, 2012 New Delhi: Economy slowed down last year. The growth rate was only 6.5% according to the CSO. But the Indian economy rapidly recovered from the effects of international crisis. 2009/10 and growth rate in 2010-11 was 8.4...

World?s First Jewellery Vending Machine Launched By Gitanjali Gems
October 28,2011: For the first time in the world, Gitanjali Gems, the world’s largest integrated-branded diamond jewellery manufacturer and retailer, has introduced gold, silver and diamond sales through vending machines. ...

US Economic Growth Helps Dispel Recession Fears
October 28,2011 Washington: A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained is less certain.  The US economy grew at an annual...

Kotak Mahindra Bank Q2 Net Profit Up 18.8% To Rs 432 Crs
October 28, 2011 Mumbai: Private sector lender Kotak Mahindra Bank has reported an 18.8 per cent jump in net profit to Rs 432.58 crore for the second quarter ended September 30, 2011. The bank had posted a net profit of Rs ...

Mild Competition Marks Home Loan Market
June 15,2012 New Delhi: The competition between the country's home loan providers is comparatively low, in comparison to many other businesses, and has remained largely same in the last seven years, said a report. Financial servi...

ICICI Bank Have Grown From Corporate To Day-To-Day Bank: Chanda Kochhar
June 15,2012 New Delhi:Having been largely targeting on corporate banking and big-ticket deals in the past years, ICICI has now grown into a day-to-day banking business, said the bank's chief Chanda Kochhar has. "There have ...

Forex Reserves Up Over $2 Bn at $289.4 Bn
July 07,2012 Mumbai : Posting an augment for the second consecutive week, the foreign exchange reserves amplified by USD 2.01 billion to touch USD 289.39 billion on the back of vigorous addition of the core exchange property during the ...

Fund Houses Welcome SEBI Move On Under-Performing Schemes
  July 07,2012 Mumbai :  Mutual fund homes have welcomed market regulator SEBI's choice to interrogate heads of the fund houses for non performance proverb it will amplify their responsibility. I think this is a sal...

Discount On Debit Card-Payment Acceptance Postponed To Sept 1: RBI
July 07,2012 : The Reserve Bank today said fall in merchant discount rate for purchases made by debit card imbursement to 0.75-1 per cent, which was to be effectual from July 1, will now be appropriate from September 1 due to some prepar...

49 Lakh Debtors Default On Rs 1 Lakh Cr
July 07,2012 Thane: Over 49 lakh debtors have failure to pay in repaying loans totaling more than Rs one lakh crore from various state-owned banks in the country, an RTI query has exposed. The information was endowed with individual ...

Corporation Bank Aims At Rs 3-lakh Cr Business
July 07,2012 :Corporation Bank hopes to attain a business of Rs 3 lakh crore by March 2013. Communication at the 30th year festivity of Corporation Bank Officers Association journal Officers’ Voice here on Monday evening, Mr Aj...

Citibank India’s net up 35% in FY12
July 06,2012 : Citibank India on Tuesday statement a 35 % boost in its net earnings for the fiscal year 2011-12 at Rs 1,922 crore (Rs 1,424 crore). Pre-tax revenue for the period grew 37 % to Rs 3,297 crore (Rs 2,402 crore), Citibank...

Oriental Bank to appoint over 400 officers
July 06,2012 Hyderabad: Oriental Bank of Commence is hiring 425 provisional officers/agricultural officers. There are 325 job vacancy of provisional officers and 100 jobs vacancy of agricultural officer. While any graduate can apply ...

American Express launches travel credit card
July 06,2012 : American Express has initiated the ‘American Express Platinum Travel Credit Card’, which proffer the card members a flattering return home flight and a comfort hotel stay each year of relationship. American...

HDFC Bank cards for doctors
July 06,2012 HDFC Bank has instigated an exclusive variety of credit cards for doctors – Doctor’s Superia and Doctor’s Platinum – on the event of National Doctors’ Day. These premium credit cards are del...

IRDA Slaps Rs 15 Lakh Penalty On Indusind Bank
July 06,2012  Hyderabad :Insurance Regulatory and Development Authority have forced a fine of Rs 15 lakh on Indusind Bank Ltd for disobey corporate agency norms. Indusind Bank is a corporate mediator of Cholamandalam General Ins...

Union Bank cuts farm loan rates by up to 175 bps
July 06,2012 : Union Bank of India has condensed interest rates for a variety of types of loans in the farming sector by up to 175 basis points (bps). This shift is aimed at boosting loans to the diminutive and trivial farmers, the b...

Banks Yet To Contact Backward Class In Rural Areas: RBI Chief
July 06,2012: The outreach plan me of the Reserve Bank of India is yet to build any significant impact on the goal audience. The Governor of RBI, Mr D.  Subbarao, in his speech at IOB’s Platinum Jubilee occasion, said, &l...

Aditya Birla Group To Attain Terrace Bay Pulp For $110 m
July 06,2012 : Aditya Birla group at present said it is attaining Terrace Bay Pulp, a US paper mark pulp industry, for $110 million (more than Rs 600 crore). This would be the group’s 6 achievement in about six months and 28th ...

Citibank India Launches Premier Miles Credit Card
July 06,2012  MUMBAI: In a proposal to grow its credit card business in the rising air travelling space, Citibank India today launched 'Citibank Premier Miles Credit Card', which will be an airline atheist card. Citibank...

Hudco Plans Re-Entry Into Retail Housing Loan Sector
July 06,2012 : NEW DELHI: State-owned Hudco strategy to re-enter the trade housing loan section after a break of two years. We are scheduling to launch our retail house loan artifact Hudco Niwas for the period of this year," Hud...

RBS To Pay Rs 5000 To Credit Card Owner For Unjustified Billing
July 06,2012 NEW DELHI: The Royal Bank of Scotland has been planned for customer forum here to pay one of its credit card holders Rs 5,000 as recompense for challenging imbursement from him even as he had unfurnished all his dues. Ho...

Banks To Hire Vendors To Run ATMs
July 06,2012  : To do left with usual complaints regarding non-delivery of cash from ATM, India’s central bank, the Reserve Bank of India, has apparently asked all bankers to put an end to setting up their own ATMs. By sub...

Axis AMC Launches Axis Focused 25 Fund
July 06,2012 MUMBAI: Axis Asset association Company today initiate the 'Axis Focused 25 Fund' that will center of attention on select 25 top companies with a bulk of these being drawn from the top 200 familial companies. Peop...

HDFC Life Launches Women-Centric Insurance Plan
July 06,2012 New Delhi: Indian private division life insurer HDFC Life has launches a innovative insurance-cum-investment plan for Woman designed especially for women working in city areas. The insurance life cover plan covers pregna...

Sensex Mount 25.63 Points; Capital Goods, Health Heed Stocks Up
July 06,2012 Mumbai (IANS) A standard index of Indian equities market was Thursday traffic 25.63 points elevated around 12:30 p.m., led by vigorous buying in capital goods, strength care and FMCG supply. The 30-scrip perceptive indi...

Bond Dips Down Further While Call Rates Recover
June 15,2012 Mumbai: The government bonds have declined further due to sustained selling pressure from corporates and banks, while call rates have recovered at the overnight call money market here today because of fresh buying support fr...

Andhra Pradesh Continues To Be The Troubled Child For Microfinance Sector
June 15, 2012 Andhra Pradesh: The first Micrometer presented by the association of microfinance non-banking finance companies MFIN reveals that the write-offs by microfinance institutions that are outside Andhra Pradesh have been reduced...

Western Union Releases Promotional Scheme
June 15, 2012 MUMBAI: Global payments service provider Western Union today has announced two money-saving options for the people in US who want to send money online to their family or relatives in India. Consumers in the United State...

Banks To Witness Moderate Growth This Fiscal: Barclays
June 15,2012 MUMBAI: The banking sector is most likely to see moderate growth in the current fiscal year coupled with risks of downside to net interest margins (NIMs) following with the difficult economic environment, said a Barclays res...

SBI Slashes Lending Rates By 0.5% To 3.5%
June 15, 2012 MUMBAI:  Few days after RBI reviewed the interest rate, State Bank of India (SBI) today announced slash in lending rates between 0.5 to 3.5%, primarily for the small and medium enterprises (SME) and for the agriculture...

Inflation Hiked At 7.55% On Dearer Food, Fuel
June 14,2012 New Delhi: India’s wholesale price inflation (WPI)  has rose to 7.55% in May, as compared to what was 7.23% in the previous month, as fuel and food items have become dearer, highlighting consistent price pressure ...

May Exports Shrinked By 4.16% To USD 25.68 Billion
June 14, 2012 New Delhi:Following the shortage of demand in the Western markets, India's May exports have declined by 4.16 % to $25.68 billion. The exports had totaled $26.7 billion last year in the same month. Besides, indic...

No Extra Tax Charges On Diesel Cars Without Nodal Ministry's Approval: SIAM
June 14,2012 New Delhi: Automobile industry body SIAM today said that Oil Minister S Jaipal Reddy's proposal of imposing additional taxes of up to Rupees 2.55 lakh on diesel vehicles shall not be employed  without the approval a...

Indian Economy In State Of Stagflation: Moody's
June 14,2012 New Delhi: The Global financial services firm Moody's today said that Indian economy is in state of stagflation, where growth is slow but inflation high, and warned that the Reserve Bank cannot be too volatile in trimmin...

Inflation To Stay Between 6.5-7.5%: Pranab
June 14,2012 New Delhi: Having hopes for good monsoon, the government today announced that the inflation for the current fiscal year is estimated to be around 6.5-7.5 % and some steps will have to be taken to deal with supply constraints...

Government Elevated Paddy MSP By Rs 170/Qtl
June 14,2012 New Delhi:With the view of rising input costs, the government today has announced Rs 170 per quintal hike in support price of paddy which is given to the farmers at Rupees 1,250 for the crop year 2012-13 (July-June). The...

CMIE Estimates Recovery, GDP Growth At 7.3%
June 14,2012 New Delhi:Despite of the government data showing a sharp dip in FY12 economic growth figures and the April output data of factory at a poor 0.1 per cent, a leading economic believe tank today said it expects a recovery in fo...

The Children's Investment Fund Gave Ultimatum To Coal India
June 14, 2012 MUMBAI: UK-based funding company The Children's Investment Fund (TCI) has given an ultimatum to Coal India (CIL) managing director and Chairman Narsing Rao, giving the company time by the end of the month to place out a...

Saija Finance Arranged $4.5 Million From Pragati India Fund And Accion
June 14, 2012 BANGALORE: Saija Finance Pvt. Ltd has lifted its Series B round of funding of $4.5 million from global microfinance and Pragati India Fund and investment firm Accion, the Bihar-based non-banking finance company (NBFC) has m...

Government To Abolish Multi-Level TDS On Software
June 14,2012 NEW DELHI: In a big sigh of relief to the software industry, the government today announced that  it will remove  the multi-level system meant for Tax Deduction at Source (TDS) for the software sector from July 1. ...

Union Bank Slashes Interest Rate On Agriculture Loans Upto 175 Bps
July 8, 2012 New Delhi: The revised interest rates are effective from 1st July 2012. At present, the Base Rate of Union Bank of India is 10.50 %. As one of the measures to boost credit flow to Agriculture, UBI has reduced interest r...

Tata AIA Life Reports Net Profit Of Rs. 260 Crore For FY12
July 9, 2012 New Delhi: The total premium income for FY12 stood at Rs. 3,630 crore against Rs. 3,985 crore in FY11 Tata AIA Life said that its net profit for the financial year ended March 2012 stood at Rs. 260.31 crore from Rs. 52 ...

Tata AIA Life To Issue Life Insurance Policies On Real-Time Basis
July 9, 2012 New Delhi: The insurer will approach the IRDA soon on the e-life tablet Private insurer Tata AIA Life has developed a tool called ‘e-life’ through which all life insurance policies could be issued immediately...

Bharti AXA General To Expand Biz In Andhra Pradesh & Madhya Pradesh
July 9, 2012 New Delhi: The non-life insurer is currently planning to grow its business in the South by 60% in FY13 Bharti AXA Insurance—which is among the fastest growing multi-line insurers in India—is focusing on Andhr...

Air India Premium To Increase From October: Reports
July 7, 2012 New Delhi: In 2011, the national carrier’s premium outgo was $28 million Premiums for Air India's annual insurance policy may increase marginally. The new premiums—to be changed on October 1—are ...

RBI Extends FCCB Buybacks Till March 2013
July 7, 2012 New Delhi: The existing necessity of submission of ECB 2 returns will continue as hitherto, the RBI said in a circular on Thursday. The RBI has decided to continue the scheme of buyback of FCCBs subject to certain modif...

Union Bank Signs Mou With NIO
July 6, 2012 New Delhi: Union Bank has been promptly responding to the call of the NIOS to facilitate implementation of fee collection from their students on pan India basis with both online and offline modes. Union Bank of India ann...

Tata AIA Life Reports Net Profit Of Rs. 260 Crore For FY12
July 3, 2012 New Delhi: The total premium income for FY12 stood at Rs. 3,630 crore against Rs. 3,985 crore in FY11 Tata AIA Life said that its net profit for the financial year ended March 2012 stood at Rs. 260.31 crore from Rs. 5...

Tata AIG to become Tata AIA Life
July 3, 2012 New Delhi: The company makes this transition just in its name The life insurance unit of Tata AIG will be called Tata AIA Life Insurance. The company was set up as a joint venture between Tata Group and international ins...

Federal Bank ties up with Samba Bank
July 3, 2012 New Delhi: Under the agreement, remittances received through Samba under “SpeedCash Now” can be encashed by the beneficiary in cash from any of the Federal Bank branches upto Rs. 50,000 per remittance. Federa...

OBC to Hire 400 Officers; Indian Bank to Hire 1,200 Clerks
July 4, 2012 New Delhi: The last date for online registration application for Indian Bank is July 13 and OBC is July 29 Oriental Bank of Commence and Indian Bank reportedly plans to recruit people across the country for clerical and...

SBI launches eFile service for filing Income Tax Returns
July 4, 2012 New Delhi: State Bank of India has launched a new facility for filing Income Tax Returns, online. This service is currently available only to State Bank of India customers, at a discounted price. For salaried persons the...

LIC Nomura MF Fixed Maturity Plan - Series 50 Announces Maturity Date
July 5,2012 New Delhi: LIC Nomura Mutual Fund has fixed 10 July 2012 as the record date for the reason of determining the eligible unit holders/beneficial owners holding units of LIC Nomura MF Fixed Maturity Plan - Series 50, a close-end...

Peerless Liquid Fund Announces Dividend
July 2, 2012 New Delhi: Record date for dividend was 29 June 2012 Peerless Mutual Fund has declared dividend under the Monthly Dividend Option for Retail & Super Institutional Plan of Peerless Liquid Fund.The record date for divi...

Kotak Mutual Fund Launches 370 Days Fixed Maturity Plan
July 3, 2012 New Delhi: NFO Period from 3 July to 9 July 2012 Kotak Mutual Fund has launch a new fund named as Kotak FMP Series 90 - 370 Days, a close ended debt scheme with the duration of 370 days from the date of allotment of unit...

BSLMF Extends NFO Closure Date of Birla Sun Life Fixed Term Plan - Series FF
July 4, 2012 New Delhi : Extended till 5 July 2012 Birla Sun Life Mutual Fund has announce the extension of New Fund Offer (NFO) Period of BSL Fixed Term Plan - Series FF, a close ended income scheme with the period of 24 months from...

LIC Nomura Mutual Fund Fixed Maturity Plan - Series 50 Announces Maturity Date
July 4, 2012 New Delhi : Maturity date is on 10 July 2012 LIC Nomura Mutual Fund has fixed 10 July 2012 as the record date for the purpose of determining the suitable unit holders/beneficial owners holding units of LIC Nomura MF Fixe...

HDFC Mutual Fund Fixes Record Date For FMP 370D July 2011 (1)
July 4, 2012 New Delhi : Date fixed as 9 July 2012 HDFC Mutual Fund has fixed 9 July 2012 as the 'Record Date' for the reason of determining the suitable unit holders / beneficial owners holding units (in demat form) of HDFC...

Mutual Funds Register 4% Growth In Assets In Q1 FY13
July 4, 2012 New Delhi: Debt-oriented funds were the major contributors to the rise The Indian mutual funds registered a 4% growth in the asset base during the 1st quarter of the financial year. The mutual fund industry added over Rs...

SEBI To Frame Guidelines On Distributor Regulation Soon
June 29, 2012 New Delhi: Market regulator SEBI (Securities and Exchange Board of India) has recently received a go-ahead from the Financial constancy & Development Council to formulate guidelines on distributor regulation. However, n...

Insurance, MFs Run Risk From Banks: RBI
July 2,2012 New Delhi: Banks which has large borrowings from insurance and MFs of the financial system may have significant implications for the entire system Insurance and mutual funds run the risk of contagion from the banking sec...

In 2011-12 India Ranks 15th In World Insurance Market
June 4, 2012 New Delhi: India’s ranking in the insurance market has fallen four places to number 15 in 2011 from number 11 in 2010 Due to a sharp decline in life insurance business in 2011-12, India’s ranking in the world...

Loans Against Ulips Not Allowed: IRDA
July 2,2012 Mumbai: Insurers may not give loan to policyholders against their ULIPs in case the regulator puts into operation the latest draft guidelines on new products. Regulatory and Development Authority second draft guidelines c...

Union Bank Slashes Interest Rate On Micro & Small Enterprises
July 2,2012 Mumbai: As one of the measures to boost credit flow to MSE sector, Union Bank of India has reduced interest rates for MSE sector upto 300 bps under various slabs, e.g. Interest rates for Micro Enterprises has been reduced by ...

Union Bank Bags 1st Prize Under Reserve Bank Of India Rajbhasha Shield
July 1,2012 New Delhi: Union Bank of India has been awarded Prizes under Reserve Bank Rajbhasha Shield Competition 2010-11, which is introduced by Reserve Bank of India for promotional use of Hindi in Public Sector Financial Institutions...

Federal Bank Introduces Special Home Loan Scheme For Doctors And Chartered Accountants
July 2,2012 New Delhi: This is a month long programme where the Home loans are offered to Doctors and Chartered Accountants at special discounted rates starting at 10.48% and nil processing fees. As a token of appreciation for the va...

SBI Launches Business Debit Card For Business Customers & SME On Foundation Day
July 1, 2012  New Delhi: SBI celebrated 57th anniversary of its foundation with much fanfare and gaiety in a glittering function held at National Centre for Performing Arts on Saturday, the 30th of June 2012. The event...

RIL Out With Rs. 1-Lakh-Cr Investment Plans For Five Yrs
July 2,2012 New Delhi: Prime Minister Manmohan Singh had set great targets for infrastructure investments and growth, Reliance Industries Ltd unveil a big-bang investments strategy for the next 5 years. “We will invest nearly Rs. 1...

HDFC Bank To Slash Lending Rate By 0.2%
June 30, 2012 New Delhi : HDFC Bank has decided to cut its standard lending rate by 0.2%, making loans cheaper for borrowers. The base rate, or the min. lending rate, of HDFC Bank will become 9.8 % from the presented 10 %, sources sa...

Reserve Bank Of India Warns Of Rising To India’s Financial Stability
July 3, 2012 New Delhi : The Reserve Bank of India on Thursday caution that the country’s net worldwide investment position had worsened with short-term debt increasing relative to total outside debt. The Reserve Bank of India ...

Indian Stocks Increase, Rupee Rebounds
July 3, 2012 Mumbai :  Indian stocks surge on Friday track gains somewhere else in Asia as investor cheered a move by European political leaders to help recapitalize the region's banks without adding to the debt of the nation. T...

Petrol Price Falling But Rs. Negating Advantage
July 3, 2012 New Delhi : Wondering why fuel costs are not being decreased despite the overall crude oil price lessening to an 17-month low of around $90 a barrel? Responsibility the rupee for it.The Indian money that depreciated to an al...

India’s Economical System Strong But Risks Up, Says RBI Report
July 2, 2012 New Delhi : The Reserve Bank of India on Thursday in economic Stability Report, said that though the Indian Banking system remains robust, risks to economic stability have increased in the current past due to the dismal glob...

Usage Surge: Bank Credit Card Spending Increases 22% In 2011
July 2, 2012 Mumbai : Indians have been gladly splurging with credit cards.Even as the no. of credit cards issued by banks decline over the previous two years, the average amount of yearly buy created by a current credit card holder went...

Bad Loans May Have Actually Peaked In Financial System: RBI
July 2, 2012 New Delhi : Bad loans in the banking system have peaked and the condition relating to non-performing assets (NPAs) is likely to improve from now on, according the RBI. “Given the present condition... looks like th...

HDFC Discards Macquarie Downgrade Note
June 14, 2012 MUMBAI: Indian lender Housing Development Finance Corp rejected and disagreed with a research report from Macquarie that downgraded its rating and also questioned its accounting practices. Macquarie has downgraded the b...

ATM Companies Peak Small Banks In Valuation
June 14, 2012 MUMBAI: Managing the automated teller machines (ATMs) is turning into a big business; with the companies that have taken over the outsourced functioning are commanding valuations of smaller nationalized banks. One of th...

ING Vysya Bank Launched New Fixed Deposit Scheme
June 14,2012 BANGALORE: ING Vysya Bank launched a fixed deposit scheme, which gives an interest rate up to 9.5 per cent per annum for deposits of one-year. The scheme named ING FD+ is available for deposition up to Rs 15 lakh and cus...

Allahabad Bank Aims 21% Growth This Year
June 14, 2012 KOLKATA: Public sector banker Allahabad Bank on Thursday said it has objective of business growth of 21.39 per cent, and elevation of business level of nearly Rs.3, 300 billion by end of the current financial year. &quo...

Maharashtra’s CM Requests Banks To Help Dccbs
June 14, 2012 MUMBAI: Maharashtra’s Chief Minister Prithviraj Chavan had a meeting with representatives of the Commercial Banks and plead them to route the additional part of undisbursed portion of District Credit Cooperative Banks...

QFI Acct, Opened The First BSE Says
 July 5, 2012 New Delhi: Qualified institutional investors to attract investment from Government efforts to yield results, with markets to open an account, although a QFI slowly. "The first account has been opened under the...

How To Avoid Investment Fraud
July 5, 2012 Bangalore: Whether you or a lot less money, you probably will take some measures to protect your money. But if you get caught up in an investment scam despite his honest effort just off the money . Approximately sixteen ...

Stay Away From the Double Rate Loans
July 5, 2012 Bangalore: Sample rate loan rate loans this year than in turn started floating around and 11 per cent, 50 per cent of the interest rate on these loans between 11.75 oz. The accused person sample rate loan last year or before...

5 Things To Know Before Buying A Mutual Fund
July 5, 2012 Bangalore: many investors are convinced that the fact that mutual  funds investments are for the best equipment, but the biggest hurdle UMA Shashikant, MD, investment education and Learning Center says what they face wh...

Right Cover With Your Home Loan Insurance
July 5, 2012 Bangalore: Everyone real estate prices as their hosing loans to cover insurance and higher interest rates as well as housing loan EMI self-effacing anymore. Suresh sadgopan, a financial planner and founder of ladder 7 certif...

Government Insurance to Increase Foreign Direct Investment CAP in 50 Percent Considered
July 5, 2012 New Delhi: To push for reforms, foreign direct investment limit in the insurance sector Government 51% increase from the existing 26 percent to consider. The Cabinet will consider the 49 percent once again in the coming ...

Service change in your pocket to burn
July 5, 2012 Bangalore: Tina Edwin ET Bureau changed the service tax regime ever increasing growth, need to worry about a new issue reports. This change effectively July1, which means that all services which a common man uses 12% service...

Birla Sun life Insurance Planning Solutions Deploys IBM
July 5, 2012  New Delhi: IT major Birla Sun life insurance, major IBM (BSLI) its Cognos TM1 planning solution ' that ' big-budget process to streamline the insurance and will help more efficiently deployed. IBM Software ...

Your Insurance Adviser Hides Facts
July 5, 2012 Bangalore: Every financial plan pros and cons as well as supporting and opposing, but when you get your financial advice or insurance advisor. That policy or plan to sell its core goal and then he wants to hide some unpleasa...

Markets Await the ECB Policy Decisions
July 5 ,2012 New Delhi: High-quality global journalism investment. Please use the link below to share this article with others, do not cut and paste our TS & CS articles. Business mix and policy decisions and top drawer European mone...

1% Loan Subsidy Scheme by 1 Yr Extended Housing
July 5 ,2012 New Delhi: A  huge relief for middle-class families, to housing loans to 1.5 million homes in a year, the Government increased by 1 per cent interest subsidy plan purchase. "The interest subsidy on a rider come...

The Government has approved two changes in banking laws for banks to recover dues and deal with non performing loans.
June, 21 2012 New Delhi :Finance Minister Pranab Mukherjee said that loan disbursement to agriculture sector is likely to exceed the target of Rs 3.75 lakh crore in the current fiscal. "Agriculture lending, particularly the sho...

New Policy Recharges Home Made electronics
July 4, 2012 New Delhi: Cluster plan approved $ 28 million investment to flow into 400b, creating jobs likely to plan for the format for cl-investment manufacturing centre 400 billion dollars and 2.8 million jobs created can users hardwa...

Do Not levy Tax on Diesel Cars: Montek Singh Ahluwalia
July 5, 2012 Mumbai: Deputy Chairman Planning Commission Montek Singh Ahluwalia is a long time aide of PM Manmohan Singh. He has now once again taken over the mantle of assisting Singh in running the finance ministry, a job that the duo ...

The IPO Launch of Incertain Investment Climate Among the Closed firms Call
July 5 ,2012  Mumbai :Affected by the sluggish market and uncertain investment climate, an overall 22 firms, 382 million in its initial public approval of Rs.8 this year to target offerings (IPO) closed legitimacy of companies. with...

PSBs ATM Outsourcing Deal Strike
July 5, 2012 MUMBAI: Public sector banks (PSBs) under which the nine firms and 63,000 ATMs has been contracted to manage the biggest outsourcing deals in the financial sector a drastic reduction in transaction costs by inking ATM. ensure...

All Right, but the Odds of The QFIs Forbidden
July 5, 2012 Mumbai: Its regulatory agencies have yet to remove barriers and procedures to facilitate fund flow to set in place are also investors in the Middle East, the Government has declared conducting festivals. According to a f...

Economic Recession, the European Central Bank Cut Rates Forward to See
July 5, 2012 European Central Bank widely borrowing costs to a record low on Thursday, the euro zone economy worsening of the State to support and supplement the measures are expected to cut back on government leaders to deal with the de...

Government Says No Final Retreat, Submission Instructions
 Jul 05, 2012  Mumbai: The Government has a command that put a cap on wholesale deposit holdings of Government backtracked from banks and deposit certificates issued rules last Thursday to say (CDs), banking sources said. T...

$ 10 BN Debt Auction for a Buyer, the FIIs
July 5, 2012 Mumbai :More than $ 10 billion (around RS 60,000 crore) Government securities (g-sector) debt auction on Wednesday silent response of corporate debt and as foreign investors offered about a third of the permits went saw sell...

Reserve Bank had Rupee OMOs Says Not Related to Movement
Jul 05, 2012 Chennai: Liquidity management activity (RBI) exchange rate movements for Deputy Governor Subir gokarn, it said on Wednesday. In the past few sessions clarification rupee against the dollar showed signs of strengthening, as m...

Children, Milestone Retail Deal
July 5, 2012 MUMBAI/BANGALORE: French group kids South Africa as its Micky Jagtiani landmark group of NRI Tycoon with a formal agreement nears 85 stores in the next six years in India eyeing giant multiband retail sales at retail. Childr...

More Than 36 points in Early Trade on Profit-Booking Sensex Down
July 5, 2012 Mumbai :The Bombay Stock Exchange benchmark index gains in early trade today 36 points — sensory bookings due to more confused on Asian markets by speculators by trend after recent gains amid the decline. 30-share ...

56 Cents Versus Dollars Down the Rupee
July 5, 2012 Mumbai : A violation of Rs 55-level again today and fast money, or by 1 percent to 56, shares in early trade, banks and a weak opening for American currency among importers increased demand due to falling against the u.s. do...

Financial Inclusion to the Following Third-Party ATM Fees for Pushing the Finance Ministryz
July 5, 2012 New Delhi: The Ministry of Finance of the Government and Reserve Bank of India financial inclusion, which is buoyed by the idea of risking the enmity between, in a bid to push for the following third-party ATM fee. The F...

GAAR to Avoid Glare, Mauritius Tax Treaty with India's Bid to Become Ready
July 5, 2012 New Delhi: Mauritius to meet certain conditions if the investor's tax advantages available under the Treaty from the island nation in New Delhi that Treaty for years trying to amend a key success to ensure enjoyment of m...

RBI Allows All Financial Association To Use Credit Default Swaps
July 05,2012 : All financial association could now prevaricate their fundamental credit hazard in corporate bonds using credit default exchange, the Reserve Bank of India said in an announcement on Monday. Financial institutions c...

Rate cut breather for asset quality of banks
July 05,2012 : The repo rate cut has indication a change in the rate sequence and the consequence of the Reserve Bank of India’s exploit will ease anxiety on the positive feature quality of banks, particularly public sector ones...

No Time Limit For LIC To Cut Stake In Companies
July 05,2012 : The IRDA on Thursday said that no timeframe had been locate for LIC India to decrease its holding in that  companies which has more than 10 % stake. There is no detailed instance for that (LIC to cut stake in c...

PSBs Unamortised Pension Bill Pegged At Rs 14,000 cr
July 05,2012 : Public segment banks (PSBs) might have to set sideways approximately Rs 14,000 crore earlier than January 2013 as unamortized retirement fund liabilities to act in accordance with Basel-III average, according to evaluation...

Govt Banks To Install 60,000 More ATMs
July 05,2012 After a break of six to eight months, public sector banks (PSBs) have geared up to set up 60,000 extra Automated Teller Machines (ATMs) across the india in the next two years. The nationalized lenders had put their Auto...

Bankers Seek More Promoter Funds
July 05,2012 Supporter of financially anxious companies may now have to put the funds where their chops is, if they want their mortgage updated.After a sequence of loan recast exercises, in which banks have taken a strike (like in the...

Repco Looks At RBI Policy To Operate As Commercial Bank
July 05,2012 Chennai-based Repco Bank, a cooperative which works under the Union ministry of home affairs, is until the Reserve Bank of India (RBI) to come up with a licensing policy to stick together the group of commercial banks in ...

Govt Agenda To Dictate PSU Banks' Board Meets
July 05,2012 Government candidates on the boards of public division banks, financial society and Insurance Corporation might now control the schedule at their meets. Concerned that the boards provide a slip to the government&rsquo...

New Insurers May Need More Start-Up Capital
July 05,2012 MUMBAI: sponsers of new Insurance Corporation would have to come up with almost double the statutory capital obligation. The insurance watchdog has point to future entrants that the obligatory Rs 100-crore start-up capi...

Banking Sector To Be Out Of CCI Reach: Government
  July 05,2012 NEW DELHI: The government has held that the banking sector will be absent of the purview of antagonism supervisory body once the modification to the banking rule are agreed. If the Banking (Rule) alteration Bi...

Private Equity Is Turning Into A Growing Reason For Disputes Between Promoters And Investors In Recent Months.
October 10, 2011 Private equity, lifeline to many entrepreneurs, has become a growing cause of disputes between promoters and investors in recent months. Here's what is causing the tension and what to watch o...

DIPP's New Rule Restricts Exit Options, Which May Hit PE Deals For Foreign Investing Entities
October 10,2011 Mumbai : Private equity deals in India, one of the fastest growing markets in the world, are likely to slow down due to a recent industry guideline that restricts exit options for foreign investing entities.  ...

Emerging Market Equities To Rally Back By Year-End
October 8,2011 Emerging market equities would rally by year-end after a short-term volatility caused by the European debt crisis, said Citigroup, which expects significant cuts to growth outlook for Emerging Europe countri...

Pranab Mukherjee Instructed banks to reduce NPAs
June 12, 2012 New Delhi: Finance Minister Pranab Mukherjee asked banks to pull down their non-performing assets (NPAs) for better financial health of the Indian banking. Due to good recovery against prudential write-off in the Januar...

Financial Inclusion To Cover More People In Villages
June 12, 2012 KOLKATA: The banking sector has decided to shift its financial inclusion of goalpost to accumulate a wider section of population under the banking net which is estimated to limit leakages and generate more savings in the ti...

Small Weavers To Get Security-Free Loans
June 12,2012 KOLKATA: The government has instructed  banks to offer collateral free loans to the country's tiny and small weaving units to help them overcome their financial problems, intensified due to the trembling economic si...

Ashok Leyland to raise Rs 750 crore through issue of securities
June 12,2012 NEW DELHI: Ashok Leyland announced that it will lift Rs 750 crore through matter of securities on private placement basis to raise finance to meet firm’s capital expenses requirements. "It is anticipated to l...

SBI to Employ 9,500 staff; key focus on retail business
June 12,2012 NEW DELHI: Nation’s largest bank SBI has said it is planning to hire 9,500 employees this fiscal year and its main focus will be on retail banking in the upcoming years. Noting that the present economic environment...

Banking Amendment Bill Provides for Exemption from CCI Purview
June 11, 2012 NEW DELHI: Acquisitions and Merger in the banking sector will be evaded from the purview of competition watchdog CCI if the Banking (Laws) Amendment bill is passed, said a top government official. "If the Banking ...

Government way deviated of its growth-for-all goal: Planning Commission
June 11,2012 New Delhi: India has little reason for celebration and much base to cover on all vital socio-economic indicators, such as hunger and health, directly linked to the UPA government’s agenda of “inclusive growth&rdq...

Pranab Denies S&P's India downgrade threat
June 11, 2012 New Delhi:Considering division of roles between 'unelected' Manmohan Singh and Sonia Gandhi, global agency Standard and Poor's threatened to downgrade India's credit rating on projections which were rejected...

Bonds Firm High On Good Buying, While Call Rate Decline
June 11, 2012 Mumbai: The Government securities (G-Sec) flattened up on good buying by corporate and banks, while call rate fell Overnight call money market today on plenty liquidity in the banking system along with lack of any demand fr...

Car sales grew 3%, motorcycles 7%: SIAM
June 11,2012 New Delhi:Car sales in India have grown at the slowest pace in seven months during May reported SIAM, 2.78 per cent growth of high interest rates and petrol prices continue to strike the market. According to reports rele...

Indian air Travelling 300% higher than China's'
June 11,2012 New Delhi: Air travelling in India are about 300 per cent higher than in China and some other countries because of high taxes that ads to the cost of air fare, Jet Airways chief Naresh Goyal said on Monday, emphasizing that ...

Experienced Executives Hiring May Grow By 12%
June 11, 2012 Mumbai: Hiring of senior executives is likely to grow by 12 per cent this year as companies are looking to battle the economic crisis with experience, according to experts. "Earlier, to get an edge over competitors...

LIC seeks higher equity headroom to encash trading opportunities
June 11, 2012 MUMBAI: Country's largest investor Life Insurance Corporation wants elevated equity headroom to encash the trading opportunities and book the profit. In an interview, DK Mehrotra (LIC Chairman) hinted the present ex...

New Insurers Would Need Higher Start-Up Capital
June 11, 2012 MUMBAI: Promoters of new insurance company’s wil have to come up with nearly double the statutory capital requirement. The insurance moderator has indicated to prospective new  entrants that the compulsory Rs 100...

Pranab Mukherjee To Discuss Credit Flow With State-Run Banks, NPA
June 11,2012 NEW DELHI: Due to  concerns over moderation in rising bad loans and economic growth, Finance Minister of India Pranab Mukherjee will meet the heads of public sector banks to talk about credit flow to productive sectors ...

NCR Minimizes Wireless Withdrawals To Less 10 Seconds At The ATM
June 11,2012 New Delhi :New software from NCR Corporation will let consumers begin cash withdrawals from their accounts of banks on mobile devices and then complete those money transactions at an ATM by scanning a barcode. NCR Mobile...

SBI Expects Up To $ 2 Million In Funding From The Government In FY12
October 5,2011  State Bank of India (SBI) hopes to receive an injection of up to $2 billion from the government this fiscal year, its chairman said on Wednesday, a day after Moody's downgraded its standalone rating due...

SBI Ignored RBI Norms On RIL Exposure
June 11,2012 NEW DELHI: Banking giant State Bank of India has said it temporarily stretched RBI-approved credit exposure limit for  fourth year in a row in the year 2011-12 with regard to loans given to Mukesh Ambani-lead Reliance I...

Banks To Take On Fixed Deposit Rates After Reviewing Policy
June 11, 2012 MUMBAI: Middle-size public sector banks would wait till the mid-term policy is reviewed by the Reserve Bank of India before taking a call on trimming interest rates on fixed deposits, said top officials. "We will t...

SBI Eyes To Raise $2 Billion; Hires Bankers
July 4,2012 New delhi:Banking giant SBI is planning to lift up to USD 2 billion by overseas borrowings through dollar-denominated bonds and has mutilated six banks for investment, including UBS and Citigroup, for the issue. Inspired ...

Lodge Complaint After Paying Credit Card Dues: M Rajeshwar Rao
July 4, 2012 New Delhi: Credit card users should clear their bills first and then file the complaint in case of a dispute with the credit card provider, said M Rajeshwar Rao. This will protect them from the threat of paying more in c...

ICICI Bank Sells Kingfisher Airlines Loans To SREI Fund
July 4,2012 KOLKATA: ICICI Bank has revoked Kingfisher Airlines by selling of its nearly Rs 600-crore loans to a fund raiser run by SREI Infrastructure Finance, ending assumptions that it may have to suffer losses on loans to the concern...

Bharti AXA Sees 45% Growth This Financial Year
July 04,2012 Bharti AXA General Insurance Company Limited suppose its business to raise by 40-45 % this year in the occasion of a plunge in motor vehicle sales, as evaluate to a 60 % expansion in gross on paper quality at Rs 892 crore at...

Finance Ministry Tells Banks With Overseas Presence Like SBI, ICICI To Arrange Credit To Boost Shipments
July 04,2012 NEW DELHI: The economics ministry has intended for banks with considerable overseas presence to organize credit for Indian exporters in a tender to stop a spiky slide in consignment from Asia's third-biggest financial sy...

Inter-Connectedness Between Banks, Insurance & Mutual Fund Needs An Overhaul Of Regulations
July 04,2012 The Reserve Bank of India has lifted the problem of banks' rising addiction on insurance and mutual funds for short-term finances. The arbitrary collapse of a bank which has huge borrowings from the insurance and mut...

Kotak Life Insurance appoints Sunil Sharma as 'Appointed Actuary'
July 04,2012 MUMBAI: Kotak Mahindra older Mutual Life Insurance (Kotak Life Insurance) at present said it has selected Sunil Sharma as Appointed Actuary W.e.f July 1 2012 Sunil  Sharma has 21 years of experience in Life Insuranc...

National Home Bank, Genworth, ADB And IFC Connect Hands To Set Up India's First Mortgage Guarantee Company
July 04,2012 NEW DELHI: The National Housing Bank, Asian Development Bank (ADB), Genworth and International Finance business have arrive together to set up a joint project finance guarantee company called India Mortgage Guarantee Corpora...

PNB revises deposit rates on FNCR deposits
July 04,2012 NEW DELHI: Punjab National Bank today improves its deposit charge downwards on Far-off Currency Non-Resident (FCNR) financial statement with development of 2-5 years. The presented rates of FCNR (B) plan have been evalua...

Indian Overseas Bank Now Raise Funds Of USD 500 Million
July 04,2012 CHENNAI: Indian Overseas Bank now said it is "waiting for the correct moment" on its suggestion to lift up funds of USD 500 million through medium-term observations for funding its overseas operations. MTN is u...

L&T Mutual Fund Encourage Its Equity Team; Soumendra Nath Lahiri of Canara Robeco Mutual Fund Roped In
July 04,2012 MUMBAI: L&T Mutual Fund, which newly acquired the equity resources of reliability Mutual Fund, has appoint Soumendra Nath Lahiri as a senior fund executive. Lahiri lately put in his documents at Canara Robeco Mutual...

Finance Ministry, Sebi Looking To Make Mutual Funds Attractive For Distributors
July 04,2012 NEW DELHI | MUMBAI: The economics ministry and capital market supervisory body Sebi will believe of ways to renew the fortunes of the mutual fund business by making the enticement structure more good-looking for distributors...

The Russian Pharmaceuticals Market in India Eyeing
July 4, 2012 New Delhi: India has urged Russia to open its booming $19-billion pharmaceuticals market and expedite the list of 500 drugs that it currently imports from India. During his recent visit to St Petersburg, Commerce, Industry a...

Warrants Strong Institutional Demand 86% rally at HNI
July 4, 2012 New Delhi: Housing Finance major HDFC Ltd is witnessing a sharp rally in the price of its convertible warrants, as HNIs and institutional investors are rushing to buy them to benefit from the price differential with the comp...

BSFL to Concentrate the Home Turf of Andhra
July 4, 2012 Mumbai / Kolkata:After getting a new lease of life in the form of debt recast, India's oldest micro lender, Bhartiya Samriddhi Finance (BSFL), is exploring business opportunities outside its home market for survival. ...

"Overweight" for Indian Equities UBS Upgrade
July 4, 2012 Mumbai: UBS upgraded Indian stocks to "overweight" citing attractive valuations compared with growth markets in Southeast Asia and an improving trade balance that could help improve domestic liquidity conditions. ...

Day's low market Trade Share, ONGC, reliance stretch soft
July 4, 2012 Mumbai: Markets have slipped into the red on selling pressure in IT stocks. BSE sensex touched a high of 17,523 on opening trades but has been unable to hold on to gains. The index is now down marginally at 17,417. Asian...

Sensex more Than Expected Economic Revival Soars to 400 points
June 29, 2012  Mumbai: The Bombay Stock Exchange benchmark index more than 410 points by two-month high in trading pre-496.96 17, close to the flow of foreign funds on Friday to revive the economy by increasing government moves on. ...

K C. Chakrabarty, Deputy Governor of the Reserve Bank may vary with the Finance Minister; free e-fund transfer is opposed
June 28, 2012 Mumbai: Electronic funds transfer at a cost of finance banks ask for free, within a fortnight, k c Chakrabarty, Deputy Governor Reserve Bank today said the banking regulator's conviction as commercially viable plan of v...

Raunak Payback Plan Devised in MF Industry
June 29, 2012 New Delhi: The structure of the mutual fund industry minister plantains intensive review on how to market regulatory SEBI. Ban on entry loads since this industry's freaked out. And industry minister Monday met SEBI offi...

Ronnie Screwvala's Unilazer Up By 45% In INI Farms
July 3, 2012 MUMBAI: Ronnie Screwvala's firm Unilazer Ventures has grabbed close to 45% shareholding in INI Farms, an agriculture firm that yields pomegranates, worth Rs 20 crore. Confirming this, Screwvala said, "The next e...

India Post, BSNL Confluence To Offer Money Order Service Via Mobile
July 3,2012 NEW DELHI: The postal department has done partnership with state-run telecom company BSNL to send money order service using mobile phones. "The postal department has done an agreement with BSNL for operating  mo...

Excess Of Exposure To Few Large Companies Risky For Banks: Kotak
July 4, 2012 NEW DELHI: Renowned banker Uday Kotak has said that Indian banks face 'real' risks from their inconsistent exposure to a few large companies, particularly in receptive sectors like infrastructure. Without naming ...

MNC Banks Surges Captives Centres In India
July 4, 2012 Bangalore: Few years back in 2008 and 2009, some predicted the expiry of MNC captive centres in India, especially in the banking sector. Citigroup sold most of its captive centre business to Wipro and TCS, AIG to Mphasis, UB...

SBI Abolishes Minimum Balance Criteria For Savings Bank Account
July 4, 2012 NEW DELHI: To attract new customers, State Bank of India (SBI) has abolished the minimum balance criteria for the saving banks account.The bank will not cut any charge for breaching minimum balance criteria. This facilit...

State Bank Of India Raises Deposit Interest Rate By 25 bps
July 04,2012 MUMBAI: State Bank of India, the largest lender of the country, has increased its interest rate by 25 basis points to 9 % for 3-5 year tenor deposits of less than Rs 1.5 lakh ($26,900), the bank said in a declaration on Satu...

SBH cuts MSME loan interest rates
JUNE 30,2012 In order to loan a helping hand to the micro, small and medium enterprises (MSME) area, which is under huge stress, the State Bank of Hyderabad has decisive to cut the interest rates to the MSME division across the board. ...

LIC cuts stake in Tata Global Beverages to 11.79%
JUNE 30,2012 Life Insurance Corporation of India has diminished its venture in Tata Global Beverages to 11.79% by selling two per cent shareholding over a period of 4 months. Though, Economic details were not disclosed. Based on tod...

Debt-heavy infra firms look to asset sales, PE
JUNE 30,2012 On Saturday, Suzlon put up for sale its wind energy material goods in China, picking up some sixty million dollar. The over-leveraged firm requirements to wipe up three hundred sixty million dollar by end-July if it does...

VKS Projects IPO subscribed 50% on first day of issue
JUNE 30,2012 New Delhi: The first community offer of VKS Projects, business procurement and building firm, was subscribed fifty percent on the initial day of concern on Friday. The concern, established bids for 50.1 lakh shares, as ...

Rupee trading at over 1-week high
JUNE 30,2012 Reuters Market look at - Rupee is deal above 56 to the $ for the initial time in more than a week as hefty achieve in the familial share market elevate hopes for overseas capital inflows while the risk-on mode internationall...

Rolta India redeems FCCB worth $ 134.7 mn
JUNE 30,2012 NEW DELHI: IT firm Rolta India has exchange its outstanding Foreign Currency exchangeable Bonds (FCCBs), collective $ 134.7 million (around Rs 765.40 crore). This includes a recovery payment of thirty million dollar on t...

Sequoia Capital invests Rs 305 cr in Just Dial
JUNE 30,2012 NEW DELHI: Personal equity firm Sequoia Capital now said it has made a venture of Rs 305 crore in a local search engine Just Dial. This is Sequoia Capital's third venture in Just Dial. This around of funding will hel...

Guide To Buying The Best Insurance Cover That Suits Your Needs
July 09,2012  New Delhi : Life insurance is a family member of the earnings from the risks of premature damage to one of the most accessible system. However, over the years, this area has been developed and now, life ...

Service Tax Sting Gets Sharper
July 09,2012  Delhi : Speed post and express parcel service, post office and theatre artists from July 1, TV income tax bracket of 12 per cent of service based on the negative list under the Govern...

Stay Invested In Debt Options
July 09,2012  Mumbai : India's Reserve Bank of India (RBI) decision to hold rates being cut while retail borrowers in the near future, but can't bring much-needed relief fixed income i...

HDFC Bank Cuts Base Rate By 20 BPS
July 09,2012  Delhi : HDFC Bank lending rate by 0.2 per cent, to cut its benchmark lending to borrowers are cheaper.Base rate, or minimum lending rate of 9.8 per cent, HDFC Bank, sources said from the c...

Demand Dip Punches GDP
July 09,2012  New Delhi : India's economic growth of 6.5% a year from 2011-12 at 9 am, a massive industrial demand due to recession fears by confirming a slumped and investment squeeze&nbs...

Pranab Pins Hopes On Tax Norms, FII Inflows
June 30,2012 New Delhi : Just after the latest quarterly GDP figures faster than two important measures during the past two days to get back to help speed that was taken on Thursday announced Finance Ministe...

Can't Arrest Rupee Fall If Driven By Weak Fundamentals: RBI
June 30,2012  Mumbai : The Reserve Bank of India cannot afford to fall arrest if it's due to weak fundamentals or global factors, but only more calibrated steps such scenario can ...

April-May Fiscal Deficit At 27.6% Of BE
June 30,2012  New Delhi : 2011-12, losses in the same period, the percentage was very high but 31.7 formation also has more than one percentage point in gross domestic product to BE crossed by the end 2...

Loan Growth Slows In Infra, Textile Sectors
June 30,2012  Mumbai : Bank lending to the industrial sector and the textile sector infrastructure growth to slow the flow of slump last year compared with the same period in May.The Reserve B...

Rupee Rallies On Fund Inflows
June 30,2012  Mumbai : Domestic and global fronts on the favorable factors to a two-week high of RS back on Friday against the dollar lead. rupee and two percent increase, on Thursday to close at 56.81 ...

SBI Gears For Mortgage Lending In The UK
September 27,2011  The largest lender of the country, State Bank of India is now focusing its entry into the mortgage market of the United Kingdom. In a bid to expand its retail business even further, the bank has plan...

Once Labelled A 'Deserter', S Ashok Is Helping Nadars Regain Control Of Tamilnad Mercantile Bank
September 27,2011 Chennai: Seventeen years ago, S Ashok became an outcast among the Nadars when he sold his 18% equity in the community-owned Tamilnad Mercantile Bank to Essar Group. A few other Nadars also ...

A Useful Tips For Those Who Just Turned Down For A Personal Loan
September 27,2011 Getting a personal loan sometimes can be very important if you have a financial issue and you have looked into other resources. It can be very upsetting if you are turned down for personal loan. There are several o...

Repair Loan Is Tax Deductible
September27,2011 I have a housing loan from ICICI Bank and have been availing the income-tax benefit on both principle and interest up to Rs 1.3 lakh for the last four years. If I were to take a fresh loan from the same bank for rep...

How To Get Your $10,000 Personal Loan With Bad Credit
September 27,2011 Bad credit can be a stigma that follows you from lender to lender when you try to borrow money. But there are lenders who specialize in financing for those with less than ideal credit scores and imperfect credit fi...

Mahindra Finance Stops Gold Loan Facility On Price Volatility
September 27,2011 Mumbai-based NBFC Mahindra and Mahindra Financial Services Ltd (MMFSL) has stopped making gold loans due to sharp fluctuations in the price of the precious metal, a research report released by global financial comp...

SBI Trimmed Fixed Deposit Rates By 0.25%
June 30,2012 NEW DELHI: Ahead of RBI's middle quarter review of the monetary policy later this month, nation's biggest lender State Bank of India (SBI) on Thursday reduced fixed deposit rates by 0.25 per cent across select maturi...

Delhi High Court Rejected PIL Against Mukherjee
June 29,2012 New Delhi: The Delhi High Court has dismissed a PIL against Ex Finance Minister Pranab Mukherjee, observing that seeking votes in the Presidential election did not sum to “asking for monetary benefits” which...

HDFC Bank To Cut Lending Rate
June 29, 2012 NEW DELHI: HDFC Bank has decided to cut its standard lending rate by 0.2 per cent, to make loans cheaper for borrowers.The minimum base rate, of HDFC Bank will become 9.8 per cent which is 10 per cent at present. At the...

Core Data Revised Within Hrs Of Release
June 30, 2012  New Delhi The Government again on important economic figures goofed. Friday, may, after releasing the number eight core industries it downwards in these industries hours production increases of 3.8 perc...

FIPB Rejects Zara Proposal For Massimo Dutti Govt May Ease Rules
June 30,2012  Mumbai : Foreign investment promotion Board (fipb) group, a leading international retail chain Zara, in their meeting here on Friday rejected proposals to have learned is just clears the fipb, Nethe...

Current Account Deficit Hits All-Time High Of 4.2% In FY12
June 30,2012  Delhi : A sharp rise in import bills and the economic downturn, with up to $ 78.2 billion (4.2 per cent of GDP) for the year of India shot CAD (CAD) March 2012, 46 billion dollars (2.7 per cent of GDP) over l...

Liquidity To Stay Tight, Despite OMOs
June 30,2012  Delhi : Monetary easing cycle in unpredictable interest rates on short-term debt standstill further rate cuts expected top jacking, is postponed.Even as it says that open ma...

RBI Says Banks Mislead Investors On Bad Loans, Calls For Sebi Action
June 30,2012  Mumbai : The Reserve Bank of India (RBI), higher bad loans for banks bad debts of the automated identification system and lashed out at the capital markets regulator, said the issue should consider....

Finance Ministry, Central Bank's Tense Partnership On Pranab's Watch
June 30,2012  New Delhi : The Finance Ministry and Reserve Bank of India financial ties between the uneasy field was one of the worst kept secrets, but observers say that even the fig leaves were taken&...

Decision Gives Credibility Boost: Leif Eskesen
June 30,2012  New Delhi : This weekend was the Greek election results a positive surprise, but some argue that the decision to keep rates on hold RBI's in a negative might be surprised we was right&...

Re Recovers 35 Paise On Govt Action Hope
June 30,2012 Mumbai : The rupee on Thursday, against $ 56.80 in between to Prime Minister Manmohan Singh, which rose 35 cents to Finance Department, will resort to initiate steps to prevent top economy and currency sl...

States Have To Power To Allow Global Retailers
June 30,2012  New Delhi : Chief Minister Oommen Chandy of Kerala-brand retail build in supporting multiple foreign direct investment in the wake of the denial, Chamber of Commerce and Industry Minister Anand Sharma today&n...

Euro Crisis Has Many Important Lessons For Us: PM
June 30,2012  New Delhi : "The world is going through troubled times. financial and economic crisis that gripped Europe many important lessons and implications for us," he said, adding that UNESCO Madan...

Life Insurance Premium Collection Increases 1.4%
June 300,2012  New  Delhi : Insurance regulatory and Development Authority data gathered by life insurance companies, showed 23, led by private insurance companies, RS 12 crore this fiscal year's first two months ...

Nine Indian Americans In Forbes 'Midas 100'
June 30,2012  New Delhi : Nine Indian Americans "Aladdin compiled by Forbes magazine" dealmakers of the to do list with 100.Forbes list of investment companies in the capital, and then sold off their stakes with great...

Indian Economy To Grow At 7.7% In 2013: OECD
June 30,2012 Mumbai : India's economic growth for calendar year 2013 to 7.7 percent increase expected this year, but growth through much of the OECD, is likely to remain subdued on May 22.-To develop economic...

HUDA, DLF To Invest Rs. 550 cr On 16-Lane Road
June 30,2012  Delhi : Haryana urban development authority (HUDA) and DLF Ltd, India's largest commercial real estate developer, in a 16-lane 8.3 km Gurgaon road network construction of a 550 million...

BlackBerry Maker RIM Could Run Out Of Cash And Ultimately Fail
June 30,2012  Mumbai : Research in motion limited and eventually run out of cash, even if it is now delayed BlackBerry devices early next year of 10, with Wall Street analysts said.At least 10 brokerages cut thei...

Cairn Energy Sells 3.5% Stake In Indian Arm
June 30,2012 New Delhi : The Edinburgh-based firm Cairn India its stake in running was up 40% to Vedanta sell claimed it would retain about 22% to receive government approval to make it &...

Apr-May Fiscal Deficit At $25.3 bn; Infra Output Slows Down
June 30,2012  New Delhi : The country's fiscal deficit of RS 1.42 trillion during April and may ($ 25.3 billion in the u.s.), or 27.6 percent complete fiscal years 2012-13 target, official figures showed on Friday.Net ...

Sensex Soars 439 Pts On EU Meet In Year’s Highest Single-Day Gain
June 30,2012 New Delhi : There, Prime Minister Manmohan Singh to take charge of the finance portfolio as equity markets today in the biggest single day gain 439 points of general anti avoidance rules 2012 draft criter...

Core Industries Post 3.8 Percent Growth In May
June 30,2012  New Delhi: India's main industries that power, coal, steel, cement, crude oil and natural gas, are registered in a dull 3.8 percent growth this year, compared to 5.8 percent last year, government figures ...

Sentiments Turn Positives After PM Takes Guard Of Finance Ministry: ASSOCHAM Survey
June 29,2012  Delhi :  Prime Minister Manmohan Singh accused the Finance Ministry as well as the Chamber of Commerce and industry of India (esochaim) is considered by the survey found business confidence aft...

SBI Cuts Interest Rate For Exporters By 0.5%
June 29,2012  Mumbai : State Bank of India, the country's biggest lender, the interest rate on loans to exporters from the 0.5% limit banks ' refinancing Reserve Bank within days of export growth was cut....

Incofin Investment Management Invested In Annapurna Microfinance
June 29, 2012 BANGALORE: Incofin Investment Management has invested an exorbitant amount of Rs 13-crore ($2.6 million) in Orissa-based Microfinance firm (AMPL), announced on Friday by the Belgian investment. Founded in 2006, Annapurn...

Dena Bank Raises Funds From Bonds
June 29,2012 NEW DELHI: State-owned Dena Bank today informed that  it has arranged  Rs 850 crore from bonds to finance business growth and development. The fund arranged on private placement behalf for an amount of Rs 500 c...

IDBI To Facilitate Trading On NDS
June 30,2012 MUMBAI: Public sector lender, IDBI Bank has primarily become the first dealer in the nation to enable one of its gilt account holders to take part in primary auctions through a newly released web-based Negotiated Dealing Sys...

HDFC Life Launches Unit Linked Plan For Women
June 29,2012 Mumbai: Private insurance power player HDFC Life today launched an unit-linked plan, Smart Woman, targeting working women in urban areas and expects it to benefit up to 30 per cent of the overall premium. "Smart Wom...

Life Insurance Company Asked To Pay Out Compensation
June 29,2012 Chandigarh:The Haryana State Consumer Disputes Redressal Commission has upheld an earlier order by a District Consumer Court in directing United India Insurance Company Limited in Chandigarh to pay Rs 1 lakh for the Janta Pe...

No Amendments Of Pranab's Policies: Basu
June 29,2012 New Delhi:Amid the Prime Minister's Office looking for clarifications from the Finance Ministry on tax, including retrospective changes, Chief Economic Advisor Kaushik Basu today said there have been no amendments in any...

Rating Downgrade Could Hit bank's Overseas Funding: RBI
June 29,2012 Mumbai : If the country's sovereign rating downgraded to foreign banks and companies is the ability to borrow may be affected, the Reserve Bank by Fitch and standard & poor's on Thursday, the country...

Despite Rrisks, Financial System Robust: RBI
June 29,2012  Mumabi : India's financial system, and domestic macro-economic risk in increasing global conditions, the Reserve Bank said on Thursday, despite strong. "the global financial ...

Rupee Gains; PM Comments Spark Reform Hopes
June 29,2012  Mumbai : Rupee on Thursday, its biggest percentage gain in two weeks will be long-stalled reforms expected to take over after posting a revival of investor confidence in the economy and a chart to Prime Minis...

Government Issues Draft Guidelines On GAAR
June 29,2012  New Delhi : The Government has today issued the implementation of Anti-Avoidance rules (GAAR) draft guidelines aimed than antarpravahon tax havens, air clearing over the controversial prop...

Despite Risks, India's Financial System Robust: RBI
June 29,2012  New Delhi : (IANS) India's financial system, and domestic macro-economic conditions, global risks, despite strong rise in Bank of India (RBI) said Thursday."The nation's financial ...

Finance Ministry Asks PSU Banks To Make Payments Through Electronic Mode From July 1
June 29,2012 New Delhi: Ministry of finance to all public banks "fully migrate to electronic payment channels and pay-check your customers through July 1, 2012, to check the handling of cost incurr...

Stress On E-Payment
June 29,2012 Mumbai : The Reserve Bank of India in Mumbai, a vision document that the cash-based transactions to reduce the mountains of a safe, efficient, interoperable electronic payment system seeks to encourage out.Document...

India's Investment-Grade Rating Cut May Hurt Bank's Ability To Borrow Overseas: RBI
June 29,2012 New Delhi: The Reserve Bank of India said Thursday that although the Government has downplayed the warnings it strongly two global rating agencies to junk status, India has recently warned the country's ra...

Banking Stocks Lead The Rally
June 29,2012 New Delhi : Indian stock markets witnessed heavy buying activity across the industry heavy weights on the back of the business continues to trade over the last two hours. Banking and capital goods stocks witnessed buying int...

Oracle Unveils Latest Version In Banking Platform 'Oracle FLEXCUBE 12.0'
June 29,2012 Delhi : Oracle banks to meet the needs of Gen y customers to Oracle FLEXCUBE 12.0 ' has unveiled Oracle FLEXCUBE banking platform oracle FLEXCUBE 12.0. the latest version of the new edition ...

Domestic Aviation Sector Likely To Continue Facing Liquidity Crisis: RBI
June29,2012 Mumbai : Domestic liquidity crisis facing the aviation sector is expected to continue and further policy uncertainties, financial stability report issued by the Reserve Bank of India (RBI) will n...

Power Grid Raises About Rs. 4000 Crore Via Bonds Issue
June 29,2012 Delhi : Power grid Corporation of India (PGCIL) RS 4,000 crore coupon rate on the bonds issue in the domestic market through 9.30 per cent per annum in the fourth year of a maturities mopped. bond&nb...

Murdoch Vows To Load Publishing Division With Cash In News Corp. Split
June 29,2012 Mumbai :Los Angeles-Rupert Murdoch's News Corp on Thursday said its Board a plan containing two companies, a struggling newspaper and book publishing division that includes businesses and ot...

RIM Posts Big First-Quarter Loss, To Cut 5,000 Jobs And Delay Launch Of New Software
June 29,2012 Delhi : Toronto-research in motion limited BlackBerry maker struggles revealed Thursday that its business is falling faster than thought.For its latest quarter Canada company analysts had expected even wo...

Indian Share Markets Soar Higher
June 29,2012 Delhi : Heavy-weight throughout by constantly buying, Indian stock markets over the last two trading days continued to impair. all regional banking stocks and positive index of capital good...

Spectacular Returns from Funds Date Locked Crawl
June 29, 2012 Delhi: Date fund investing in mutual fund karnayun the date of 3 has many advantages, but none the less very few investors invest in such telling five reasons why ramya r Iyer; that fixed income compared to other apshans wh...

Soon, Gasoline Prices can Change Daily
June 27, 2012 New Delhi: Soon, the price of gasoline daily just like America, Europe and Brazil in the State-run oil Ministry could fuel retailers’ international rates and with a price tag of RS. Against the greenback in tune to mo...

At Least 17 Years in the Worst Quarter Rupee Seen Posting
June 29, 2012 Mumbai: Rupee strong made it retroactive taxes and global threat will not apply to foreign investors as the Government rallied on Friday after confirmation of the asset, but still less than 17 years led to its worst quarter...

More than 3% of Indian Hotels, Tata Sons Increases Stake as the Stock
June 29, 2012 Mumbai: The Indian Hotels Company Limited (IHCL) on Thursday the shares 3 per cent plus reported that 4.78 per cent stake in Tata sons 24.36 per cent has been invested 497.47 crores, worth around 10,000 crores company by ex...

A High Toll on OMR From July Ready to Pay
June 29, 2012 Chennai: The Government has revised the toll rates and the Rajiv Gandhi Salai (old mahabalipuram road) phase I, a period from July 1 to June 30, 2014, with the effect of the different categories of vehicles to charge discou...

Prime Ministre Approval to be Finalized After the GAAR: Government
 June 29, 2012 New Delhi :Within 24 duration of Economical Ministry offering the set up suggestions on doubtful Typical Anti-Avoidance Tax Recommendations (GAAR), the PMO seems to have distanced itself from the provide saying that w...

Off the High Fiscal Deficit Rules
June 29, 2012 Mumbai: Reserve Bank of India (RBI) Governor D Subbarao has ruled out the possibility of fiscal stimulus, given the budget deficit was high. In addition, the central bank said the loan is being financed by long-term sustain...

As EU leaders Unveiled Plans to Expand the Market Advantage
June 29, 2012 Mumbai: Markets extended gains in the morning deals after a gap up opening after European leaders unveiled plans to resolve the debt crisis in the region. Euro zone leaders of Italy and Spain Friday emergency action spi...

SAIL-led Team May Sign $10 b Investment Pact
June 28, 2012 New Delhi :SAIL- Led consortium next month — an investment of about 10 steel as well as thermal power plants, and to develop the necessary infrastructure to billion dollars by the end of the Afghan Government, entaili...

Investing in Afghanistan to Push for India
June 28, 2012 New Delhi: Afghanistan, which military uniform gray suit India Company executives will help change the country dominating now with more and more private investment. "Olive green or brown uniforms take the place of ...

More and More Surveillance Warrants Inter-Bank Links
June 29, 2012 Mumbai: The Reserve Bank of India (RBI) Tuesday was among the "interconnectedness" of last fiscal year and needs in rigorous monitoring "An analysis of the Indian banking system network shows ' most w...

Slope Rating of Foreign Money kills Banks: RBI
June 28, 2012 Mumbai: if the country's sovereign rating downgraded to foreign banks and companies is the ability to borrow may be affected, the Reserve Bank of India (RBI) by Fitch and standard & poor's on Thursday, the count...

Life Insurance Products May Disappear from the Oct.
June 21, 2012 Mumbai: In October, the life insurance industry, with only a handful of products, can be left as its new product design companies "refile guidelines for all current products to come. All life insurance companies fo...

General Insurance Premiums to Raise
June 26, 2012 Mumbai: Ministry of finance-risk under the policy of getting large amounts of business value for General insurers to do away with it to increase the premium of them wants to promote and profit-age hovering around 120 percen...

Life Insurance premiums grew by 1.4% collection
June 28, 2012 Mumbai: For the first times in September 2010, April - Mayto arrest the decline inpremium collection life insurance industry managed. New policies, 1.4 percent for the same period last year of 12253 million collected by...

Central Bank Gold Coin Sales Are Likely To Impose Restrictions
June 27, 2012 Mumbai: The Reserve Bank of India (RBI) banks, adding to the pressure on the current account deficit and imports rising rupee weakened between gold bullion coins sales are expected to clamp down on. Banking Regulation A...

SBI Interest Rate Cut Of 0.5% For Exporters
June 28, 2012 Mumbai: The nation's largest lenders SBI interest rates on loans to exporters from the 0.5% cut is the Reserve Bank within days of increasing export refinance limit banks "SBI 50 basis points effective for expo...

Jun F. & O at The End Of The Flat End Of The Market
June 28, 2012 Mumbai: The benchmark stock index ended flat on Thursday as traders were unwilling to take fresh positions, after the end of the June futures and options, ahead of the two-day EU Summit which starts today. 30 all-share ...

Banks Hire To Run The ATM Vendors
June 28, 2012 New Delhi: ATM (automated teller machines) cash distribution with complaints about non-regularly to India's Central Bank, the Reserve Bank of India has said that all bankers are their own ATM installed. Next month t...

Before Moving To North Block, Pranav CST Compensation Clears
June 28, 2012 New Delhi:Pranab Mukherjee in the last three years in goods and services tax (GST) failed to roll out, but Finance Minister steps down as yesterday, Central sales tax (CST) he due to the lack of compensation for damage for ...

Rupee Is Trading High Near Day
June 28, 2012 Mumbai: Rupee range bound yet relaxed Prime Minister Manmohan Singh calls for renewed trade with the currency reform of drawing, close to the day's high. At 56.95/96 57.15/16 as against the previous close at 56.89 v...

Sensex, Fla, Cautious Trading AHead Of The EU Summit, Nifty
June 28, 2012 Mumabi: BSE and NSE index gains on derivatives trading, closing flat. Down on the Bombay Stock Exchange index 0.01 PCT 16966. Traders cautious ahead of the EU Summit and risk assets on long positions are not ready to bu...

Development Credit bank Deposits Fall, Marginal
June 28, 2012 Mumbai: The banking system in the fortnight ended June 15, while savers optional class due to the high cost of ugly real estate deposit as lenders continued to shed such schemes have fallen for returns. According to the...

At Revive Animal Spirits, Says
June 28, 2012 New Delhi: A day after he assumed the additional charge of the Ministry of finance, tax on the front of the Prime Minister Manmohan Singh on Wednesday in corrective action. That indicated that the Government's case and ...

Strengthened Freeze Continues
June 28, 2012 Mumbai: However, Face book Inc. initial public offering (IPO), the largest IPO in U.S. history had one of the global market this year, India's primary market in the first half of the year failed to garner any major atte...

To Sell Stake In HSBC And Axis Set Yes Banks
June 28, 2012 kolkata: HSBC Bank, axis Bank and by selling its stake in Yes for extend 2450 million, said that senior bankers familiar with the development. Foreign creditor 4.76 per cent subsidiary, HSBC Bank holds or a/c HSBC Mauri...

Monthly Support To Singur Land Losses Double
June 28, 2012 kolkata: Days after the High Court Act, land rehabilitation and development here Singur Chief Minister Mamata Banerjee today struck down state Announces double RS 2,000 a month land losers Singur for monthly support. Si...

Yes Bank, Axis Bank Plunge Huge Amounts On
June 28, 2012 Mumbai: Yes Bank and Axis Bank at 2% each in the opening on the back of huge volumes of trades businesses. More than 350,000 shares inauguration on national stock exchange (NSE) deals in these counters is turned on. Whi...

ECB Discount Limited Benefits
June 28, 2012  Mumbai: External commercial borrowings (ECB) raising of funds through the discount firms to recently only a handful can help. The Central Bank's strict criteria attached to the new riders. In addition, risk ap...

Early Birds, Big Capital Eye Firms PEs With Hunger, Turn On
June 28,2012 Mumbai:In May, the largest Internet classified company money, a $ 36 million in private equity (PE) get round Quikr. Warburg Pincus existing investors Norwest venture partners, the unit matrix partners India and led the way ...

Hanjer Biotech Energies to increase 40 million dollars from European funds
JUNE 30,2012 MUMBAI: IDFC-backed Hanjer Biotech Energies, which exploit technology to recycle municipal solid dissipate into green products, is close to increase fourty million dollars (Rs 225 crore) from European funds, said bankers shu...

Mumbai Angels to create a corpus of $10 million
JUNE 30,2012 AHMEDABAD: Mumbai Angels, a group of financier in start-ups, will make a $10 million amount for investing in before time stage chance start-ups, its Head Anil Joshi said. The amount would be investing in companies trans...

Manappuram Unable To Meet Demand, Expects Lower NIM In CY12
June 29,2012 Mumbai : Over the last 3 to 4 months, the Reserve Bank of India (RBI) has brought in a few controls on mortgage value and bank disclosure to gold loan company. Taking these into deliberation, I Unnikrishnan, Organizatio...

Indiabulls And HDFC Ultra Short Term Fund Revises Exit Load
June 29,2012 Mumbai : Indiabulls Mutual Fund has improved the exit obligation under Indiabulls Ultra Short Term Fund effective June 26, 2012. As per the revised changes, an exit load of 0.50% will be helpful if redeemed/switched out with...

Govt To Ask States To Bear 50% Of Discom's Loan Burden
June 29,2012 Mumbai : Central government is probable to incentivise sharing company reports CNBC-TV18's Latha Venkatesh. These are electricity sharing business which is also called State Electricity Boards. The firewood end of th...

Fin System Robust Despite Global, Domestic Macro Scene: RBI
June 29,2012 Mumbai : Even though rising risks both in Familial and worldwide macroeconomic circumstances, the financial system of the nation remains strong. However, the anxiety over developing global risks and domestic factors still lo...

RBI Books Close On July 2 For Annual Account Closing
June 29,2012 Mumbai : The Reserve Bank of India (RBI) said on Thursday that its Ledgers will not be unwrap for transactions to be put during on July 2 due to annual closing of financial records. Dealings that settle on T+0 basis cann...

IRDA Slaps A Fine Of Rs 1.47 Cr On HDFC Life
June 29,2012 Mumbai : Insurance division controller IRDA today forced a heavy fine of Rs 1.47 crore on HDFC Life Insurance for desecration of various dictatorial provisions. "... hereby straight the insurer (HDFC Life Insurance) to ...

Financial System Will Rebound From October, Says Kaushik Basu
June 29,2012 Mumbai : India's financial system is predictable to rebound back from October onwards, Chief financial Adviser Kaushik Basu said on Friday. Asia's third largest financial system is rising at its slowest speed in ...

Sensex Rallies To Two-Month High On EU Summit
June 29,2012 Mumbai : (Reuters) - The Sensex rises 2 percent to its maximum in 2 months on Friday, tracking a unite in Asian shares past European head granted to make a single decision-making body for euro region banks, moderation some o...

Prime Minister Finalised and Issued Draft Guidelines on GAAR
June28,2012 New Delhi:The government today issued the guidelines for implementing General Anti-Avoidance Rules (GAAR) aimed on checking inflows from tax havens, clearing the speculation over implementing the offer. The GAAR regime ma...

Government Plans To Buy Stakes In PSUs
June 29,2012 New delhi:Giving a curl to its stake sale programme, the government is probing a proposal to use the services of the recently authorized National Asset Management Company (NAMC) Limited to purchase stakes in state-running fi...

India Inc Accumulated In Front of Yojana Bhavan
June 29,2012 New Delhi:Just one day after Prime Minister Manmohan Singh expressed worry over the government’s managing of tax cases like Vodafone, Analjit Singh, the non-executive chairman of the company came to visit Montek Singh ...

SAAAME Nations Offering Gigantic Opportunities to Domestic Banks
June 28, 2012 MUMBAI: Spurt of trade volumes across South America, Africa, Asia and Middle-East (SAAAME) countries have given financial services sector companies across the globe huge opportunities and for Indian firms in particular, say...

Innovative Operation Model To Surge Banking Sector Growth
June 29, 2012 MUMBAI: Innovative operations models, including ATMs and mobile banking, and the Knack to satisfy customers will compel the development of banking sector in the coming days, says a report. "A survey conducted indic...

Foreign Banks Plead Finance Ministry To Expedite The Decision Making On New Applications For New Branches
June 27,2012 New delhi: Some foreign banks have plead the finance ministry in a bid to enroll government help to get the Reserve Bank of India expedite up decision on their applications for new branches. An official confirmed that mi...

Stuart P Milne: An Impatient Manager But A Thoughtful Leader
June 27,2012 Mumbai :Most bank CEOs consider banking as the most difficult task. Successful bankers in recent times have either been  management graduates or experts in quantitative techniques that earned them plenty in a very short...

SBI and Associate Improves Gross Lending By 40 basis Point
June 28,2012 KOLKATA: State Bank of India (SBI) and the linked  banks have enhanced their amalgamated market share in gross lend by 40 basis points to 22.5 per cent while foreign and private banks still remain on stable ground. Nati...

Morgan Stanley Maintains Underperformance Rating
June 28,2012 Mumbai:Investment bank Morgan Stanley has consistently  maintained  the underperformance rating on the State Bank of India, with a target price  figured  Rs 1,425, after a discussion held with the lender&...

SBI Abates Interest Rate By 0.5% For Exporters
June 28,2012 MUMBAI: Largest lender in the country SBI has reduced  interest rate on loans  which is given to exporters by 0.5 per cent on 50 basis points within  few days of the Reserve Bank increasing the export limit fo...

Electronic Payment Channels Must for Public Banks
June 28,2012 NEW DELHI: The finance ministry has asked public sector banks to switch to electronic payment channel instead of cheques from 1 July, the decision has been made to control costs in the tough times of inflation. A circula...

RBI directed Uday Kotak to abate stake
June 28,2012 Mumbai: The Reserve Bank of India tells the promoter of Kotak Mahindra Bank, Uday Kotak to abate his stake by 10% in the coming 8 years, which will synchronies him with other bank promoters. Kotak, who transformed from a...

Axis Bank and Yes bank to buy HSBC stake
  June28,2012 Mumbai: HSBC to sell its entire stake of 4.8% to Indian private banks Axis, selling nearly 19 million shares of the bank at a price range of nearly Rs 961 per share.HSBC also has a plan to offload its 4.8% sta...

Millions Soared Away as ATMs Flaw Get Exploited
June 27, 2012 NEW DELHI: A fraudulent incident in Punjab and Kerala has revealed the fear among banking feternity, which has been threatening Indian banks for the past one year. Sources revealed that fraudsters have cunningly stolen mill...

Banks Misguiding Investors On Bad Loans: RBI Deputy Governor
June 28,2012 MUMBAI: Reserve Bank of India Deputy Governor K C Chakrabarty today flay banks for accrediting their sudden fall in profits to the computerized system of recognizing bad loans and said this is equivalent to exploiting invest...

Fuel Retailers Cut Petrol Prices: IOC
  JUNE 29, 2012 NEW DELHI (Reuters) - State-run petroleum retailers will reduce petrol charges by 2.46 rupees per litre from Friday, Indian Oil Corporation said, responding to softer worldwide oil and petrol prices. A l...

Government Is Considering A Proposal To Give Financial Support To Personal Airlines
  JUNE 29, 2012 Administration is considering a proposal to give financial support to personal airlines operating flights on loss-making routes in the north eastern area. Bureau of Development of North Eastern area came...

Bajaj Auto:Citing Rising Raw Material Costs Due To Reduce The Value Of Rupee
  JUNE 29, 2012 Citing rising raw material costs due to reduce the value of rupee, two-wheeler major Bajaj Auto today indicated that it may raise prices of its products. Absolutely we are seeing a pressure on raw materi...

India's central bank assumed individual primary dealers will not be permitted to raise capital
  JUNE 29, 2012 MUMBAI: India's central bank assumed individual primary dealers will not be permitted to raise capital throughout short-term bonds from July 1, and ought to instead issue long-tenure debt to reinforce. ...

Reliance Business Finance Eyes 16% Credit Expansion This Economic
    JUNE 29, 2012 MUMBAI: Anil Ambani Group company, Reliance Commercial Finance, targets an escalation rate of 15-16 per cent this economic with increased center of attention on small and medium enterprise. We...

GMR Assign Rs 100-Crore NCDs To ICICI Bank
  JUNE 29, 2012 NEW DELHI: GMR Infrastructure at present said its Board has chosen 1,000 tenable non-convertible debentures to ICICI Bank collective to Rs 100 crore.   The debenture portion group of the Board o...

Fitch Modify Viewpoint Of SBI, PNB, ICICI, Axis Bank & Others To Negative
  JUNE 29, 2012 MUMBAI/SINGAPORE: However another blow to financier emotion, Fitch Ratings on Wednesday revised the position of Indian economic institutions to negative from steady. The viewpoint for IDBI Bank, State Bank o...

ICICI Prudential To Handle Sweden's Nordea Bank's AMC In India
    JUNE 29, 2012 MUMBAI: ICICI Prudential Mutual, the country's third biggest fund house, has protected the command to supervise the Indian savings of Stockholm-based Nordea Bank's benefit organization com...

Deadbeat Corporate Borrowers? Not In India
  JUNE 29,2012 MUMBAI: Lenders to Hotel Leela, a 5-star shackle that is further than two months after in payments on $700 million of debit, are probable to bite the shot and adjust the credit conditions rather than affirm i...

Grameen Koota Elevated Rs 25-Crore Through NCD Way
  JUNE 29,2012 BANGALORE: Bangalore-head quartered micro lending organization Grameen economic Services (Grameen Koota) has raised Rs 25 crore of balance due funding through the issuance of nonconvertible debentures, to rel...

Morgan Stanley To Purchase Wind Energy Company Continuum For Rs 1200 Cr
  JUNE 29,2012 MUMBAI: Morgan Stanley infrastructure Partners, a  wing of the US asset bank, has decided to pay Rs 1,200 crore to purchase a majority stake in a wind power firm, importance the increasing value of US pr...

ASK Group's Real Estate PE Arm Elevates Rs 1,000 Crore Locally
  JUNE 29,2012 NEW DELHI: ASK Property Investment consultant, the property personal equity arm of diversified economic corporation ASK Group, has raised Rs 1,000 crore from domestic investors despite rising risk aversion to...

Vortex Engineering To Elevate $2.7 mn Equity From IFC
  JUNE 29,2012 MUMBAI: The global Finance Corporation (IFC), an associate of the World Bank Group, will endow $ 2.7 million as equity in inexpensive ATM maker Vortex Engineering in the later tender to enlarge business, Vort...

Sidbi Business Enterprise Capital To Close Rs 600 Crore India Opportunity Fund
JUNE 29,2012 NEW DELHI: Development bank Sidbi now said its business enterprise capital contributory has blocked Rs 600 crore India opening Fund."Sidbi business enterprise Capital has got fund assurance from different investors...

Bangalore: Ontario Teachers Pension Plan, Srei Infrastructure Finance Ltd, (RS 5700 million)
JUNE 29,2012 BANGALORE: The Ontario Teachers retirement finance Plan, one of the world's largest retirement fund funds, is in advanced talks to invest in the $1 billion (Rs5700 crores) finance being raise by Srei Infrastructure ...

Softer Crude Prices Oil Marketing Companies To Booster
 June 27,2012 Mumbai:$ 91-$ 125 a barrel against April crude oil prices to nearly 25 per cent reduction in the much needed relief – oil and gas public sector units (PSUs) have been brought for as long as companies under-recove...

India's Rating Outlook Stable
June 27,2012 Mumbai:Moody’s Investors Service on Monday said it was maintaining its stable outlook on India. A weak financial performance such as credit challenges and an uncertain investment policy environment is already...

Uco Bank Require RS 14,000 Crore
June 27,2012 kolkata:The new Base III capital standards, Chairman and Managing Director Arun Kaul for RS 14,000 crore by uco Bank needs the State to close over the next five years on Tuesday, the Bank cut its overseas presence and retail...

SKS microfinance in Andhra Pradesh
  June 27,2012 Hyderabad: SKS microfinance in Andhra Pradesh, one of layoffs over the past two years in which it quite a return to the hub is preparing for India's listed micro lender. before it makes a comeback to override ...

Slight Movements Down Range Bound Zinc
 June 27,2012 New Delhi: Given his position after Zinc a weak tendency to end up between monthly overseas speculators in futures trading at a shade of pewter trimmed kg per 0.29% to RS 101.40, businesses today.   MCX zinc f...

SBI Chief RBI Measures Not In Awe
June 27,2012 Mumbai: The Reserve Bank of India (RBI announced today)  steps to attract capital flows by the SBI (SBI) Chairman, excited Pratip Chau Central Bank interventions in nature, ephemeral, while the country's equity and ...

Financial Ministry, SBI Message For Cash Source Rate Reduction
13 June 2012 New Delhi: The clamor for a cut in the cash source rate increased on Monday with a top finance ministry formal support the idea, which would help jump-start development and increase the circulation of credit. Reducing develo...

RBI Demands Financial Institutions To Set up Financial Knowledge Centers
13 June 2012 Mumbai: Three years after a increase in the number of affected debtors with personal and farming loans required the Source Financial institution of Indian (RBI) to come out with the idea of credit ratings guidance organizati...

Business Growth Visits Stone Bottom
13 June 2012 New Delhi: Just a day after Conventional and Poor's Native indian wake-up call for proactive macroeconomic actions to kick-start the economic climate or face the possibilities of dropping its investment grades sovereign ...

Financial Ministry Planning New Plan Street Map for Financial Sector
13 June 2012 New Delhi: The financial ministry is working on a new plan structure for the nation's financial industry that will provide a obvious map for local non-urban financial institutions, supportive financial institutions and o...

Oil Reverend Demands Finance Reverend to Raise Excise On Diesel Fuel Cars
13 June 2012 New Delhi: Oil Reverend S Jaipal Reddy has written to Finance Reverend Pranab Mukherjee strenuous an increase in excise work on diesel petrol automobiles to create up for subsidised petrol being used in automobiles. Redd...

Recession In Indian Economic Climate Could Lead To Rise In Bad Loans
13 June 2012 Mumbai: Score company Conventional & Poor's has cautioned that a chronic recession in financial development could lead to a development of the bad financial loans in banks' guides. In a review launched last night...

S&P Not Transparent; Native Indian Economic Climate In Better Shape
13 June 2012 New Delhi: Accusing Conventional and Poor's of not being "transparent", the Financial Ministry on Thursday said India's economic climate is in a much better appearance than what is being recognized by the i...

Finance Ministry To Tell S&P Economic Climate Is Better Off
13 June 2012 New Delhi: A day after credit score significant Conventional & Poor's surprising caution of a possible score reduce or eliminate, the Govt thrown into fire-fighting function. For newbies, the Financial Ministry ...

Digital Finance Transactions Should Come Totally Free Of Cost
13 June 2012 New Delhi: Finance Reverend Pranab Mukherjee today asked RBI to perform out a procedure to ensure that economical institutions cost no fee from customers for digital exchange of funds. Pointing out that Asian Loan compa...

No Price All E-Banking Transactions From Charges
13 June 2012 New Delhi: Your digital financial dealings could be absolutely no cost, if the Financial Reverend, Mr Pranab Mukherjee, has his way. Little dealings on an atm card may also become charge-free. Addressing the chief execut...

Indian Amount Cut Alone Seen Unlikely To Encourage Less Expensive Loans
13 June 2012 Mumbai: An amount cut by the Native Indian main financial institution next weeks time will not be enough to encourage financial institutions to reduced loaning prices instantly, lenders said on Monday. Instead, Native i...

FM To Evaluation Financial Industry Performance
13 June 2012 New Delhi: Finance reverend Pranab Mukherjee will assess the impact of economic recession on the financial industry at a conference of chairmen and handling directors of state run loan companies on Thursday. ...

Banks' CRR Cut Need Gets Govt Support
13 June 2012 Delhi: Bank shares obtained on Thursday on fashionable of a decrease in the money source rate (CRR) by the Reserve Financial institution of Indian (RBI) during its midquarter evaluation planned next Wednesday. The BSE Bankex...

State Financial Institution Of Indian Favors CRR Cut Of 1 %, Not Amount Tweak
13 June 2012 New Delhi: Nation's biggest economical institution Condition Bank of Indian favors a decrease in the money source rate over an amount cut in the Reserve Bank of India's economical plan evaluation on June 18. &nbs...

Sensex Stops At 1-Month High
12 June 2012 Mumbai: The BSE sensex increased 1.1 % to its maximum near in over monthly after poor outcome information brought up desires that the RBI will cut both prices and the money source rate in a bid to enhance the economic climat...

Standard & Inadequate Risk To Unhealthy Indian Spooks Investors
12 June 2012 Mumbai: A surprising caution by international scores significant S&P on the likelihood of Indian dropping its financial commitment quality sovereign score scared trader emotions on Wednesday, a day that began on a powerf...

Recession In Revenue Harm Indian Inc's Income In FY12
12 June 2012 mumbai: As more and more organizations come out with their audited yearly results, it' is becoming better that during financial 2012, recession in revenue development has harm Indian Inc's earnings. This came despite...

Repco Looks At RBI Plan To Work As Professional Bank
12 June 2012 Chennai: Chennai-based Repco Financial organization, a supportive bank under the Nation secretary of state for house matters, is looking forward to the Source Financial organization of Indian (RBI) to come up with a licencin...

Government Plan To Determine PSU Banks' Panel Meets
  12 June 2012 Delhi: Government nominees on the forums of community industry economical organizations, banking organizations and insurance coverage providers might now control the plan at their satisfies. Concerned that the for...

RBI Cancels Permit Of Scam-Tainted Madhavpura Mercantile Bank
11 June 2012 Mumbai: The Source Economical institution these days terminated permit of protection scam-tainted Madhavpura Mercantile Supportive Economical institution following failing of initiatives to get back it. "All initiat...

Lenders See 0.25% Decrease In Repo Amount On May 18
11 June 2012 Mumbai: Loan companies these days said they anticipate the Source Financial institution to cut its key costs by 0.25 % at the approaching mid-quarter evaluation given the existing need to increase development. "Grow...

Reliance Industries Limited's KG-D6 Gas Fields May Hold Lower Reserves: Niko
  JUNE 29, 2012 Reliance Industries at present refuted suggestions that it may have overblown KG-D6 gas reserves, saying they were licensed by leading self-governing global certifiers and KG fields are facing troubles like ...

Reserve Bank Of India Seen Lifting Key Rates 25 bps On May 3 2011
11 June 2012 Mumbai:The Reserve Financial institution of Native indian (RBI) has advised Native indian investors and financial institutions against illegal offshore forex trading dealing through on the internet and digital dealing places...

How Much More You Have To Pay For Economical Alternatives
11 June 2012 Delhi: After fuel, the cost increase bug has attacked the reasonable companies too, with several of them enhancing their costs in the past. "Banks have enhanced the assistance costs as the RBI has charged several condit...

Economic Slowdown: Indian Inc Begins Cutting Worker Costs, Regular Amounts To Be 8-11%
11 June 2012 Delhi: Native Indian organizations are concentrating on cutting employees expenditures to climate the effect of a financial recession and to sustain competiveness in the face of a fall in investment strategies, plan logjam a...

Debts Over Rs 2000 Crore To Be Updated In June
11 june Mumbai: Zuberi Fibers Pvt Ltd, Varun Areas and Hyderabad Academic Organization Ltd have desired a debts recast of over Rs 2,000 crore from financial institutions. Hyderabad Academic Organization Ltd is first educational instituti...

Indian Economic Services Industry To Spend Rs 37,700 Crore In 2012
11 June 2012 NEW DELHI: The Native Indian economical solutions industry (FSI) is predicted to invest Rs 37,700 crore on IT goods and solutions this year, an increase of 17.4 % over 2011, according to analysis firm Gartner. The IT inv...

LIC Seeks Higher Fairness to Cash in on Business Opportunity
11 June 2012 MUMBAI: Lifestyle Insurance Coverage Company, the nation's biggest trader, wants greater value headroom to money in on dealing possibilities and publication income. In an appointme...

New Insurance Players May Need More Capital to Start
May 11, 2012 Mumbai: Marketers of new insurance coverage providers would have to come up with nearly twice the legal investment need. The plan regulator has indicated to potential newcomers that the compulsory Rs 100-crore start-up inves...