The yen fell against all 16 most active currencies as gains in stocks and commodities spurred traders to buy higher-yielding assets with loans made in Japan.


Yen dips against 16 top currencies

Business Standard

1;29 swap ratio fixed; scrip prices fall on BSE. 


HDFC Bank, CBoP seal largest merger

Public sector Corporation Bank has entered into an agreement with Mangalore Refinery and Petrochemicals Limited (MRPL), an ONGC company, to provide a bouquet of financial services to MRPL customers

Corporation Bank to set up ATMs at MRPL fuel outlets

Regulator detects suspicious transactions of Punjab firm.


Co-op bank under RBI lens

The Nadar Mahajana Bank Share Investors Forum, which holds a majority stake in Tuticorin-based Tamilnad Mercantile Bank (TMB), has signed an MoU with the banks foreign investors (FIs) to find a

Nadars ink deal with TMB`s foreign investors

The yen rose against 12 of the 16 most active currencies as Asian stocks pared gains, encouraging investors to reduce holdings of higher-yielding assets funded with loans in Japan.


Yen moves up as stocks pare gains

Nation second largest contributor to UK bank's global operating profit.


India drives up StanChart profit

Public sector Industrial Development Bank of India (IDBI Bank) has submitted a proposal to the government to revamp its capital base. 


IDBI submits capital revamp plan to govt

Asset financing non-banking finance companies (NBFCs) have asked the finance ministry to extend income tax benefits to them from provision against non-performing assets (NPAs). 


NBFCs seek I-T benefits on bad loan provision

Product aided by satellite to enable accurate yield assessment.


ICICI Lombard rolls out weather insurance

The Federal Reserve has been cutting interest rates aggressively since September, a total of 225 basis points in less than five months. More than half of the reduction (125 basis points) in the

Federal Reserve fuels fire without the kindling

The yuan rose, snapping a three-day loss, as the dollar fell and on speculation China will accelerate the pace of its currencys appreciation to cool inflation. Bonds rose. 


Yuan up on move to curb inflation

Curbs rupee appreciation, rolls over forward deals.


RBI buys $1 bn in forex mart

The Union Budget is likely to announce tax sops for Real Estate Investment Trusts (REITs) to bring them on par with mutual funds, even as finance minister P Chidambaram is expected to make corporate

Realty trusts may get tax sops

May close branches, bank relocates ATMs. 


Citi India arms feel sub-prime pinch

ICICI Bank UK, a wholly owned subsidiary of ICICI Bank, has opened a branch in Frankfurt. This will give the bank access to the German market.


ICICI Bank opens Frankfurt branch

The Finance Minister Palaniappan Chidambaram will be a genius if his budgetary proposals, to be announced in Parliament tomorrow, do not damage the economy.


India`s Budget has no room to delight investors

The yen rose against 14 of the 16 most-active currencies as Asian stocks fell for the first time this week, encouraging investors to reduce holdings of higher-yielding assets funded with loans in

Yen rises as Asian stocks decline

Large supplies of certificates of deposits (CD) continued today as banks issued fresh CDs to refinance outstanding CDs maturing in February, according to dealers. 


CD issue spree continues

<P>Infrastructure Development Finance Company (IDFC) proposes to set up an intermediate holding company to bring four of its subsidiaries  IDFC-SSKI Securities, IDFC Private Equity, IDFC Project Equity and IDFC Capital Singapore  under it.

IDFC lines up holding company for 4 subsidiaries

<P>European banks may need to raise as much as $90 billion ($141 billion) to restore their capital after the US sub-prime mortgage collapse caused credit markets to seize up, according to Goldman Sachs Group Inc.

European banks may need $141 billion, says Goldman

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