Page 20 - Somasroy Chakraborty

UCO Bank claims WBIDFC's FD receipts fictitious

Asks CBI to probe, suspends 12 employees

ICICI suspends 18; Axis removes tainted staff from key roles

Other private lenders warn staff of zero tolerance

AC cabs, foreign trip offer...

Lenders in year-end rush for deposits

Scope for PE deals to rise if capital markets continue to remain weak: Arundhati Bhattacharya

Interview with MD & CEO, SBI Capital Markets

Private banks in fire-fighting mode after allegations of money laundering

Reserve Bank of India asks ICICI Bank, HDFC Bank and Axis Bank for details

Axis Bank to probe money laundering allegations

The bank has built a strong customer franchise over the years and maintain high corporate governance standards, it said in a statement

HDFC Bank probes money laundering allegations

Earlier today, Cobrapost, an online magazine, claimed that its undercover investigation has revealed that lenders like ICICI Bank, HDFC Bank and Axis Bank run money laundering rackets

ICICI Bank to probe money laundering allegations

Forms high-level inquiry committee to submit report in two weeks

Allahabad Bank cuts home loan rates

Rate cut in addition to concessions in interest rates, processing fees under festival offer

Cigarette prices rise up to 20%

While cigarette makers are yet to increase prices officially; it appears that dealers, retailers have already been informed about the likely price hike

UBI shareholders approve preferential share allotment to govt

The move follows the bank's request for Rs 100 crore from the government to strengthen its capital base

Societe Generale opens third branch in India

The new branch in Sanand, Gujarat will offer the bank's local and multinational corporate clients all the banking services

Finance ministry, RBI on different tracks

For long, insurers have demanded an open bancassurance structure to ensure they are able to tap into the wide distribution network of banks

United Bank of India hikes domestic term deposit rates by 25 bps

The rate hike is effective from March 1, 2013

Religare appoints former Canara Bank CMD as non-executive director

The appointment appears to be in line with Religare's strategy to apply for a new banking licence

Rupee likely to depreciate in near-term: Goldman Sachs

With risks to net borrowing requirement from budget on the upside, no major proposals to reduce CAD, depreciation pressure looms

Lack of capacity addition may restrict Ambuja Cements' growth

Angel Broking downgrades its rating on Ambuja Cements to 'neutral' from 'buy'

SKS to decide on banking foray in May

On Friday, the Reserve Bank of India (RBI) released the final guidelines on entry of new players in the banking sector

Lending rate cuts key to recovery: BofAML

Does not expect investment to turn around till lower lending rates revive demand

SC interim order provides relief to SKS Microfinance

Micro-lender can now lend in AP without state government's NOC