The yield on government bonds are expected to stay range-bound with the Reserve Bank of India (RBI) signalling intent to conduct more open market operations (OMOs) to buy bonds and easy liquidity pressures.

G-Sec yield to stay range-bound  

Business Standard

The sharp decline in the rupee in the second half of 2011 has aided domestic banks with large foreign presence to report strong growth in credit portfolio, even as the demand for loans has been dwindling locally, due to high interest rates and an uncertain macro-economic environment.

Weak rupee saves the day for banks with foreign presence

The Reserve Bank of India&rsquo;s latest notification to banks, to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance could lead to a further decline in home sales in the lower and medium segments, say developers and consultants.

Reserve Bank puts new clamp on home loans

Public sector lender Central Bank of India may go in for restructuring of some of its loans given to power companies in the current quarter.

Central Bank may recast loans to power utilities 

Press Trust of India

The Union finance ministry on Monday said banks have an exposure of about Rs 15,800 crore to those telecom operators whose 2G spectrum licences were cancelled last week by Supreme Court order. However, most of these loans were secured and this would not hurt the banks&rsquo; profitability.

Banks have Rs 16k-cr exposure to telecom players in 2G case

ICICI Bank, the largest private sector lender, saw its employee base shrink by 1,300 people in the past three months of calendar year 2011, the first such significant fall in two years.

ICICI workforce down by 1,300 in three months

&ldquo;Acceptance of deposits either by Manappuram Finance Limited or by Manappuram Agro Farms (MAGRO) is punishable with imprisonment,&rdquo; the central bank said.

RBI pulls up Manappuram for accepting public deposits

Amitabh Chaturvedi, managing director and chief executive of Dhanlaxmi Bank, has called it a day, three years after he took charge of the old-generation private sector lender, due to serious disagreement with other board members over the functioning and management of the bank&rsquo;s operations.

Dhanlaxmi CEO quits after board rift

High inflation, a weak government fiscal position and slower economic growth will negatively impact India&rsquo;s sovereign rating, rating agency Standard and Poor&rsquo;s said on Monday.

High inflation, weak fiscal weaken India rating: S&P

State Bank of India (SBI), the country's largest state-owned lender, today said its profit this fiscal will surpass that of last year, and announced plans to expand operations overseas through subsidiaries including one in Australia.

SBI eyes higher profits in FY12, plans expansion abroad

Anil Ambani-promoted Reliance Life Insurance Company is expecting to post profit in the current fiscal.

Reliance Life expects profit in 2011-12, drops IPO plan

Simplifying norms for overseas borrowers, the Reserve Bank of India (RBI) today said they will no longer require its approval to raise an amount lesser than sanctioned ECB as the power to authorise the same has been delegated to banks.

RBI nod no longer needed for cut in sanctioned ECB limit

The Gujarat State Cooperative Bank (GSCB) and 10 district central cooperative banks (DCCBs) have signed a service level agreement with Tata Consultancy Services (TCS) for core banking solutions (CBS).

Coop banks sign pact with TCS for CBS

India and Iran&rsquo;s new mechanism to partially settle their oil trade in rupees may remain a non-starter unless India&rsquo;s finance ministry exempts the payments from hefty local taxes, sources at Indian oil refiners said on Tuesday.

Iran oil payment may hit another roadblock

Reuters 

Singapore state investor Temasek Holdings is selling 1.38 per cent stake in India&rsquo;s No. 2 lender, ICICI Bank, according to a term sheet seen by Reuters, in a deal to raise up to Rs 1,472.3 crore.

Temasek to sell 1.4% in ICICI Bank

Banks&rsquo; credit to the microfinance, telecom, jute and tea sectors shrank in April-December 2011, as lenders turned cautious with economic slowdown and regulatory challenges.

Bank loans to microfinance, telecom, jute and tea firms shrink in Apr-Dec

Buoyed by impressive net interest margins, State Bank of India (SBI), the country's largest lender hopes to post better than expected performance for the third quarter (October-December period) of the current fiscal.

Net interest margins to drive SBI's profitability

L&amp;T Finance is actively looking to enhance its product line and is looking to foray into a business that many foreign players are struggling to sustain --wealth management.

L&T Finance to offer wealth management, hires EFG brass

Rising corruption cases, terrorism and heavy fines paid by global financial institutions have forced the financial services industry in India to increase their focus on money laundering, says the India Anti-money Laundering (AML) Survey 2012, released by KPMG.

Financial services raise focus on money laundering: KPMG

Buoyed by impressive net interest income margins, State Bank of India (SBI), the country's largest lender, hopes for better than expected performance for the third quarter (October-December) of the current financial year.

Net interest margins to drive SBI profitability

The effect of economic slowdown continues to weigh negatively on credit demand. Bank disbursement of loans shrunk for the second fortnight in a row, in January.

Credit growth dips further in January

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