The Indian rupee today appreciated by 6 paise against the $ in early trade on expectations of increased capital inflows as stock markets may open on a strong note in line with other firming Asian bourses.

Rupee up 6 paise at 48.73/$ in early trade

Press Trust of India

Punjab National Bank (International) Ltd, a UK-based subsidiary of Punjab National Bank, has launched On-Line Deposit products, named Net-Save and Net-Fixed for individuals who are the residents of the UK.

PNBIL launches on-line deposit products in UK

What could be termed as a major leap in the Jammu and Kashmir's insurance sector, Bajaj Allianz General Insurance Company today launched a service aimed at settling motor insurance claims up to Rs 20,000 within 24 hours.

Bajaj Allianz starts service in J-K to settle claims in 24 hrs

The country's largest private sector lender ICICI Bank today said lending rates will start going up any time now, quite contrary to the SBI Chairman's projection that borrowers can breathe easy till Diwali.

Interest rates to go up, says ICICI Bank chief

UBS's share price stuttered ahead on Thursday after the announcement of a deal to settle a bruising US government lawsuit, while Swiss authorities decided to sell their stake in the troubled bank.

Swiss bank UBS shares edge up after US deal

Business Standard

The crack in the secrecy shield of Swiss banks &mdash; known for fiercely guarding the identity of customers &mdash; will help banks across the world, feels ICICI Bank CEO and Managing Director Chanda Kochhar.

Account disclosure by Swiss banks will help others: ICICI Bank

The dividend cheque was presented by the bank Executive Directors Mohan V Tanksale and Nagesh Pydah to Finance Minister Pranab Mukherjee.

PNB pays Rs 364.48 cr dividend to govt

State Bank of India (SBI), which is opening 1,000 branches a year and is continuing to expand its operations, plans to hire 11,000 people in the current fiscal.

SBI plans to hire 11,000 people this fiscal

The Indian rupee today declined by 10 paise against the dollar in opening trade on expectations of capital outflows by funds from the stock markets following weak Asian markets.

Re down 10 paise at 48.80 a $ in opening trade

The country's largest private lender, ICICI Bank, today said its cautious approach on credit card issuances would continue even if the economy revives completely.

Cautious approach on credit cards issuance to continue: ICICI

In the first year of its operations, the UK branches of the Punjab National Bank (PNB) recorded profits and has now introduced new services to its growing base of customers here.

PNB generates profits in first year of UK operations

The Reserve Bank of India (RBI), which made third party ATM transactions free from April, has said not more than Rs 10,000 can be withdrawn each time they are used and limited the number of such transactions to five a month.

Rs 10,000 cap per withdrawal from third party ATMs

Keen to create value for its investors, ICICI Bank today said it could make initial public offerings in four subsidiaries or sell stake in its insurance ventures once the government raises sectoral FDI limit.

ICICI Bank IPO in 4 group firms, insurance stake sale possible

HDFC Bank has slashed India's growth outlook for the current fiscal to 5.8 per cent from its earlier projection of 6.5 per cent because of the deficient monsoon.

HDFC Bank slashes India's FY10 growth outlook to 5.8%

South Indian Bank (SIB) today recorded its highest-ever net profit of Rs 194.75 crore in its 80-year history for 2008-09, registering an increase of 28.44 per cent over the previous year.

SIB FY09 net up 28%, declares 30% dividend

The Reserve Bank of India today inaugurated a Financial Literacy Cell (FLC) on its premises here.

Financial Literacy cell inaugurated at RBI Jaipur

Having missed the bus to a planned global acquisition in 2008, ICICI Bank today said it is open for a buyout in India as domestic takeover in the current environment makes better sense than an overseas buy.

Will prefer acquiring a domestic bank over global: ICICI

Wondering if State Bank of India (SBI) can steal a march with a low-interest home loan strategy, ICICI Bank today said the effective rate offered by the public and private bank was the same and claimed it was much faster in serving customers.

SBI, ICICI home loan rates even out eventually: Kochhar

Swiss banks may have turned over client details to the US, but they have said India is not welcome there on a name-fishing expedition.

Don't come fishing for account details: Swiss banks to India

The Indian rupee today appreciated by 19 paise to touch a one-week high of 48.43 against the $ in early trade on expectations of increased capital inflows as stock markets may open on a strong note in line with other Asian bourses.

Re up 19 paise at 48.43 a $ in early trade

Banks have seen an increase in the number of customers opting for mobile banking services in the last two months due to a steep rise in small-value transactions using the service.

Banks see pick up in mobile banking

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 1482 - Finance News