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

Business Standard

Fitch has assigned ratings to 13 municipal corporations including Greater Mumbai&#39;AA(ind)&#39;, Navi Mumbai&#39;AA(ind) Pune AA-(ind)&#39;.

Fitch rates 13 civic bodies

India Inc has attracted $7.54 billion private equity funding in the first half of 2008, an 11% jump compared to what it got in the corresponding period of the previous year.

M&As, VC flows dry up in first half of 2008

After having witnessed troubled times in the wake of co-operative bank scam, things are looking up in Gujarat&#39;s co-op sector.

Guj co-op banks hike salaries

Aviva Life Insurance Managing Director &amp; CEO Bert Paterson today said that a delay in liberalising the foreign investment norms for the insurance sector will hit the industry&#39;s growth.

Raising FDI ceiling key to growth: Aviva Life chief

IDBI Bank today reported a 4 per cent rise in net profit to Rs 160 crore for the first quarter this year as against Rs 153 crore during the previous comparable period.

IDBI Bank Q1 net rises 4 per cent

General Insurance Corporation (GIC), the country's only reinsurer, will be launching Retakaful  reinsurance based on Shariah principles  in this financial year.

GIC eyes Takaful reinsurance

Chennai-based NBFC Dhandapani Finance on Tuesday informed the stock exchanges that its board of directors will meet on June 9 to consider the sale of the company, including all its assets, liabilities, brand and goodwill, by way of a slump sale&#39; to Zwirn Pragati Capfin (ZPL), at a value decided by the board on the basis of the report of an independent valuer appointed by ZPL.

Dhandapani Finance puts itself on sale

The Reserve Bank of India (RBI) on Wednesday barred Sahara India Financial Corporation from accepting public deposits, saying that the residuary non-banking finance company (NBFC) has "continuously violated" the requisite directions and guidelines.

Sahara India barred from accepting deposits

Public sector oil marketing companies (OMCs) have another reason to cheer with the Reserve Bank of India today allowing additional amount of bonds to be sold through the special market operations to ease the liquidity pressure on these companies.

Oil firms can sell more bonds via special window

The government has asked at least two public sector banks  Indian Overseas Bank and Allahabad Bank  to shell out higher dividend for 2007-08.

Govt asks IOB, Allahabad Bank to shell out higher dividend for `08

Reserve Bank of India Governor Y V Reddy's comments on inflation pressures and monetary policy action brought some relief to the nervous bond markets, which saw yield on the 10-year paper touching 8.76 per cent in morning trade.

Reddy balm for bonds

IndusInd Bank today reported a 32.47 per cent fall in net profit to Rs 14.45 crore during the fourth quarter of 2007-08 as against Rs 21.40 crore in the corresponding quarter last year due to higher provisions for bad debt and depreciation in its available for sale&#39; investment portfolio.

IndusInd Q4 net dips 32.5%

Setting the stage for an increase in lending rates across the board, the State Bank of India (SBI) today increased its prime lending rate by 50 basis points to 12.75 per cent, making both corporate as well as retail loans  auto, home and personal  more expensive.

SBI ups PLR 50 bps, others to follow

Liquidity: Tightening situation It was back to repo' times, with the Reserve Bank of India infusing funds worth Rs 5000 crore.

RBI infuses funds to tackle cash crunch

ING Vysya Life Insurance is expecting over 100 per cent growth in premium collection in Andhra Pradesh during the current fiscal, as against about 57 per cent last year, said Madhav Kumar Rachapudi, regional vice-president (Andhra Pradesh).

ING Vysya Life expects 100% growth in premium

Robust growth in net interest income helped Bank of India (BoI) post a 69.35 per cent rise in its net profit at Rs 757 crore for the fourth quarter ended March 2008 over Rs 447 crore a year ago.

Interest income lifts BoI net 69%

Canara Bank forayed into the retail sale of gold coins on the auspicious day of Akshaya Tritiya' today.

CanBank launches gold coins scheme

Drops 41 paise against dollar on fears of trade deficit widening.

Rupee breaches 41 mark

Reserve Bank of India Governor Y V Reddy said that there is no systemic impact as the transactions are micro issues. 


No systemic impact: RBI chief

Rising global crude oil prices drive deficit up in the third quarter of 2007-08. 


Current a/c deficit up at $5.4 bn

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