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Mangalore-based private sector lender Karnataka Bank has raised its interest rate on deposits by 25 basis points on all fresh retail term deposits with 1-2 years maturity period.

Karnataka Bank ups deposit rates by 25 basis points to 9.25%

The finance minister has been able to contain the fiscal deficit to 4.8%

Comfort for RBI, rating agencies: Kaku Nakhate

BS Reporter

There has been a high level of focus on financial and capital markets with a slew of measures

Responsible and pragmatic: Amitabh Chaudhry

MFIs fear competition for women's SHG lending will intensify

She change: First women's bank to come up soon

FM has been able to deliver a balanced and inclusive Budget with focus on poor, women and employment generation for youth

Genuine step to widen insurance mkt: Sunil Godhwani

Containment of fiscal deficit to GDP ratio at 5.2% in FY13 and 4.8% in FY14 are testimony to govt's commitment to fiscal consolidation

Investment rate to get a leg-up: SS Mundra

Projected fiscal consolidation might result in some short-term growth sacrifice, but will provide monetary policy more headroom for easing

A balancing act: Shikha Sharma

Budget did not introduce incentives to increase financial savings, which have been declining in the recent years

STT reduction is a welcome move: Keki Mistry

The move will allow them to cover currency risk

FIIs in exchange-traded derivatives

Significant attention was paid to infrastructure sector especially by announcement of industrial corridors, roads, green energy and ports. Roads in particular could benefit significantlyThis Budget would rank among the most difficult Budgets that finance Minister Chidambaram has commended in his career. Over the past few months, industry has struggled on all accounts, from fiscal and current account deficits to falling growth, rising inflation and declining savings of the Indian common man.The current Union Budget is firmly growth focused. The minister has incentivised manufacturing and investments through an "investment allowance" of 15% for capital expenditure above Rs 100 crore. By announcing 30% increase in planned expenditure, the minister has given further encouragement to the corporate houses to start investing.Significant attention was paid to infrastructure sector especially by announcement of industrial corridors, roads, green energy and ports. Roads in particular could benef

Firmly growth-focussed: Y M Deosthalee

Move despite RBI's concerns that this could lead to conflict of interests

Banks get nod to act as insurance brokers

Interest subvention scheme for crop loans extended to private sector banks

Rs 14,000-crore capital infusion for PSBs

With an aim to increase insurance sector's penetration, the government today said banks can act as brokers to sell policies and also simplified KYC norms for buying the product

Banks can act as insurance brokers, KYC norms simplified

Finance minister P Chidambaram's proposal to start a new bank exclusively for women has raised the hackles of a few micro-lenders.

Government plans India's first women's bank

The Reserve Bank today welcomed the General Budget, saying it has laid the foundation for lowering fiscal and current account deficits, apart from supporting both domestic and foreign investments.

Budget paves way for lowering twin deficits, says RBI

Finance minister P Chidambaram has set aside Rs 14,000 crore for the recapitalisation of the public sector banks (PSBs) in the next fiscal as against about Rs 12,500 crore last year, which experts say is sufficient to cover their requirements and will help them in growing their business.

Rs 14,000 crore for PSB recapitalisation

Finance Minister P Chidambaram today announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal and allocated additional Rs 10,000 crore in subsidy for implementing the Food Security Bill.

Budget 2013: Farm credit enhanced by Rs 1.25 lakh crore for FY14

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