The global bond market disagreed with Moody&rsquo;s Investors Service and Standard &amp; Poor&rsquo;s more often than not this year when the companies told investors that governments were becoming safer or more risky.

Moody's and S&P ignored as bonds shun sovereign ratings

Business Standard

The menace of illegal chit fund companies is not limited to West Bengal and the government is working with the Reserve Bank of India (RBI) to deal with the problem, Corporate Affairs Minister Sachin Pilot on Monday said.

Govt working with RBI to tackle chit fund menace: Pilot

Press Trust of India

India Infrastructure Finance Company Limited (IIFCL) plans to raise Rs 1,500 crore through an issue of bonds. It will open on December 26 and close on January 11. &ldquo;We plan to raise Rs 1,500 crore with green shoe (over-allotment) option up to the shelf limit of Rs 9,215 crore on a first-come first-serve basis. These funds will be utilised to provide long-term funding to PPP projects in sectors like power, infrastructure, etc,&rdquo; Chairman and Managing Director S K Goel said here on Monday.

IIFCL plans to raise Rs 1,500 cr via bonds

Deutsche Bank&rsquo;s decision to choose company veterans as its new leaders is in danger of backfiring, as their attempts to change a culture of aggressive profit-chasing are undermined by questions about their own roles in the bank's troubled past.

Deutsche Bank's leaders struggle to escape past

Reuters 

US prosecutors are planning to file charges next week against multiple bankers associated with UBS AG&rsquo;s rigging of Tokyo interbank lending rates, according to a person with knowledge of the case.

'UBS Libor settlement to target bankers also'

Swiss bank UBS swallowed a $1.5-billion fine and admitted to fraud on Wednesday after a global probe revealed its staff orchestrated the manipulation of benchmark interest rates over three continents.

UBS fined $1.5 bn in Libor rigging case

Two former UBS AG traders face felony charges for their alleged roles in the rigging of a key global interest rate, the US Justice Department said.

Two former UBS traders face felony charges

Ajmal Ahammed is not a familiar name in the venture capital (VC) sector in India. Still, the VC entity where he&rsquo;s operations head, while still in his late 20s, has launched its second fund in a short time.

More investors eye entry into Shariah-based funds

Shriram Properties, real estate arm of the Rs 50,000-crore Shriram Group, has planned to raise around Rs 300 crore from private equity (PE) entities.

Shriram Properties goes after more private equity

The government is planning to cap the term of shareholder and non-official directors on the boards of public-sector banks, insurance companies and financial institutions at six years. At present, there is no limit on this for such directors. The proposed move is aimed at improving corporate governance practices in these institutions.

Shareholder directors' term in govt banks, insurers may be capped

The green signal to the Banking Laws (Amendment) Bill by Parliament is likely to lead to some consolidation in the banking sector.

Old private banks could be potential takeover candidates

The Bank of Japan expanded its asset-purchase programme for the third time in four months, and will reconsider its objectives for inflation as incoming Prime Minister Shinzo Abe urges more action to end price declines.

BOJ pledges 76 trn yen to boost growth

Hong Kong's de facto central bank said it is investigating possible misconduct by UBS over its submission of interbank rates, raising the possibility that the bank could face more fines a day after it agreed to pay $1.5 billion for its role in the Libor scandal.

Hong Kong investigating UBS over interbank rates

Edelweiss Financial Services will divest 26 per cent stake in its housing finance arm, Edelweiss Housing Finance, to a foreign strategic partner within an year, according to Rashesh Shah, chairman.

Edelweiss to sell 26% stake in its housing finance arm

The government has increased the ceiling for foreign direct investment (FDI) in asset reconstruction companies (ARCs) to 74 per cent from 49 per cent.

Ceiling for FDI in ARCs raised to 74% from 49%

Finance Minister P Chidambaram on Saturday said the public-sector banks would need around Rs 1 lakh crore capital over the next five-10 years.

Banks need Rs 1 lakh cr in 5-10 yrs: FM

When Rashmi Deshmukh needed money for her hand-knit clothing business in Mumbai, she couldn&rsquo;t wait for bank approval. Instead, she put up her wedding jewelry as collateral at a loan-for-gold company to get cash on the spot.

Cash-for-gold loans hide shadow-banking risks in India

It will take time to fully stabilise a larger business franchise and start reaping economies of scale benefits. Moody&rsquo;s has assigned a financial strength rating of &ldquo;D+&rdquo; to YES Bank. The rating outlook is stable.

YES Bank's fast growth poses operational, credit risks: Moody's

Public sector lender Union Bank of India has raised about Rs 1,100 crore by issuing tier-I-and-II bonds, taking its total capital adequacy ratio close to 12 per cent.

Union Bank of India raises Rs 1,100 cr via tier-I, II bonds

To boost liquidity in the system, the Reserve Bank of India (RBI) announced Open Market Operations (OMOs) purchase of gilts worth Rs 8,000 crore to be held on Friday.

RBI to conduct open market operations worth Rs 8,000 cr

Rating agency Brickwork Ratings India has revised the outlook on Lakshmi Vilas Bank&rsquo;s Tier-II bonds from stable to negative. Now, these bonds carry rating of &ldquo;A&rdquo; with negative outlook. The rating agency cited the bank&rsquo;s falling asset quality, rising cost of funds, and pressure on profitability as reasons for the downgrade.

Brickwork cuts outlook on Lakshmi Vilas Bank's bonds to negative

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