Domestic oil companies are rushing into forward contracts in the crude and forex markets to cushion themselves against rising crude prices and a depreciating rupee. 


Oil firms rush for forward deals in forex, crude marts

Business Standard

Companies, which had raised external commercial borrowings (ECB) a year ago, are feeling the heat of the rising interest rates.


Rising Libor forces firms to fix ECB rates

In the run up to the conversion of Industrial Development Bank of India (IDBI) into a bank, the Centre today granted status of a `financial institution (FI) to the Rs 9,000 crore Stressed Asset

IDBI's bad-asset fund gets FI status

The shareholders of the Vadodara-based Shri Swaminarayana Co-operative Bank Ltd (SSCB) has passed a resolution agreeing to merge the beleaguered bank with another co-operative bank.


Swaminarayana Bank gets shareholders` nod for merger

Despite a steep fall in deposits, Visakhapatnam Co-operative Bank Limited (VCB)  the second largest co-operative bank in terms of deposits in the state  registered a modest growth of seven per cent

Visakhapatnam Co-op Bank net up 7% last fiscal

3 private sector banks -- ICICI Bank, Axis Bank and HDFC Bank -- named in the sting operation have taken action by suspending staff concerned pending investigation

Govt, RBI looking at allegations against pvt banks: FM

The rupee posted its worst daily fall against the dollar in more than two weeks on Monday, tracking a fall in global currencies after a bailout plan for Cyprus that involved taxing bank deposits sent shockwaves across financial markets.

Rupee posts worst daily fall in two weeks; RBI policy eyed

Reuters

Uttar Pradesh government today announced to rescue 16 ailing District Cooperative Banks (DCB) in the state even as the Centre is yet to provide its share of Rs 922 crore for their recapitalisation

UP to rescue 16 ailing district co-operative banks

Finance Minister P Chidambaram today came down heavily on wealthy promoters who are not servicing bank loans in the garb of their company making losses

Banks should recover loans from affluent promoters: Chidambaram

Press Trust of India

Should the GTB shareholder be protected?

With the Supreme Court directing Charotar Nagarik Sahakari Banks former managing director Dipak Patel and his two brothers to co-operate with the bank liquidator in selling off Patels properties to

SC order gives respite to Charotar Bank

The customs department, in what promises to blow up into a full scale turf war with the Reserve Bank of India (RBI), has blamed the central bank for not exercising enough vigilance in the matter of

Customs wants RBI to restore cap on exporters' agency fees

In view of the heavy opposition against the guideline barring more than 10 per cent holding by a single entity in a private bank, the Reserve Bank of India (RBI) has decided to frame a second set of

IBA to seek feedback on pvt bank norms

ICICI Prudential Life Insurance has topped the private life insurance sector in the large-ticket group insurance business with a 30 per cent market share. In a span of three months since it started

ICICI Pru tops group insurance league

The Reserve Bank of India (RBI) has cancelled the licence of Sri Patni Co-operative Bank (SPCB) which has over 24,000 depositors.


Patni Co-operative Bank`s licence cancelled

Whats in a name? Clearly a great deal as the erstwhile Allianz Bajaj Life Insurance Company realises, having changed its corporate name to Bajaj Allianz Life Insurance Company. 


Name matters for risk JVs

IndusInd Bank has embarked on a human resource (HR) integration following the merger of Ashok Leyland Finance (ALF) with itself. Ernst &amp; Young, which was appointed as its HR consultant for the

IndusInd begins HR integration post merger

Standard &amp; Poor's (S&amp;P) Ratings Services today said the proposed merger between the Industrial Development Bank of India (IDBI) and its subsidiary IDBI Bank is a positive development for IDBI

IDBI merger proposal gets S&P thumbs up

16 of 17 dealers made trading losses in Q1.


Primary dealers eye new business model

IndusInd Bank is exiting large-sized corporate accounts which are yielding low returns to focus more on small and medium enterprises (SMEs).


IndusInd to drop large corporate accounts

Rating agency Crisil today stated that customers ought not to see all banks in the same light.


Be discerning, Crisil tells bank depositholders

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