The Indian rupee today touched a two-month high of 47.44 against the $ in early trade on increased capital inflows amid expectations that the local bourses would open on a strong note.

Re up 19 paise at 47.44 a $ in early trade

Business Standard

State-owned Bank of India has slashed deposit rates across certain maturities by up to 50 basis points.

Bank of India cuts deposit rates by up to 50 bps

Press Trust of India

Swiss banking major UBS AG continued to be in the red for the third straight quarter, with losses of 1.40 billion Swiss francs for the three months ended June, bogged down by credit and restructuring charges.

UBS posts 1.4 bn Swiss franc loss in Q2

Financial sector reforms not to be slowed down in the face of crisis but to be recalibrated: RBI Governor.

NEWSALERT: 'Financial sector reforms not to slow down but to recalibrate'

British banking entity Royal Bank of Scotland (RBS) today said it is in advanced discussions with bidders for selling its retail and commercial banking businesses in certain Asian markets.

RBS in advanced talks to sell Asia retail biz

British financial services entity Standard Chartered today said it is looking at acquiring small businesses in India.

StanChart eyes small biz buyouts in India

StanChart, which has a strong presence in the emerging markets, had raked in a profit before tax of $2.58 billion in the year-ago period, it said in a statement.

StanChart H1 profit before tax jumps 10% to $2.83 bn

The Indian rupee today recovered 14 paise at 47.60 against the US currency in morning trade amid weak dollar overseas and encouraging trend in the local equity market.

Rupee rises 14 paise at 47.60/ $ in morning trade

The revised rate is as low as 8.50 per cent for vehicle loans during first 12 months, 9.50 per cent during next 24 months, 10 per cent for period above 36 months to 60 months.

Canara Bank cuts vehicle loan rates

Global investment bank, Nomura, today announced the appointment of Birendra Agarwal as Managing Director and Chief Information Officer for Nomura Services, India.

Birendra Agarwal appointed MD and CIO, Nomura Services, India

State-owned Corporation Bank has said it is planning to recruit 1,400 staff during the current fiscal.

Corporation Bank to recruit 1,400 staff in FY10

The government today appointed Alok Kumar Misra as Chairman and Managing Director (CMD) of Bank of India.

Alok Misra to be CMD of Bank of India

Lloyds Banking Group has reported a huge loss of 4 billion pounds for the first six months of 2009, as mounting impairment charges took a severe toll on its bottom line.

Lloyds posts 4 bn pounds loss in H1 '09

ING Vysya Bank today announced the appointment of Shailendra Bhandari, 51, as managing director and chief executive officer of ING Vysya Bank, following Reserve Bank of India&rsquo;s approval this week. A decision to this effect was taken at the bank's board meeting, here today.

Shailendra Bhandari is new MD, CEO of ING Vysya Bank

The board of directors of ING Vysya Bank today approved raising of fresh funds by further issue of capital, including Global Depository Receipts, foreign currency convertible bonds, qualified institutions placement, preferential issue or rights issue.

ING Vysya board nod for fund raising plans

Employees of public sector banks across the country are striking work for two days from today to push for wage hike, among other demands.

Bank employees begin 2-day nationwide strike

ING Vysya Bank today said it has appointed Shailendra Bhandari as the Managing Director and Chief Executive of the bank for a period of three years.

ING Vysya Bank appoints Shailendra Bhandari as MD, CEO

Public sector banks' performance in terms of growth in total income was double than that of their private counterparts in the first quarter of the current fiscal, industry body Assocham said today.

PSU banks Q1 total income growth double than that of pvt banks

The European Central Bank (ECB) today retained its key rate at 1 per cent, amid the constituent countries continuing to grapple with the economic turmoil.

ECB keeps key rate unchanged at 1%

The Indian rupee today moved further down by 18 paise against the US currency in opening trade on expectations of capital outflows by funds amid a weak dollar overseas.

Rupee down 18 paise at 47.85/ $ in opening trade

Employees of state-run banks continued their strike demanding higher wages for the second day today, hitting bulk cash and current account transactions, even as ATMs began running dry across the country.

PSU banks staff strike work for second day

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