Rising interest rates are unlikely to erode the net interest margin of banks this financial year, since lending rates are expected to rise further, even as deposit rates are seen steady, said senior officials of state-run and private sector banks.

Banks confident of keeping margins steady in 2011-12

Business Standard

Banks are going slow on raising funds through certificates of deposits (CDs), even at low rates, owing to the rise in the flow of retail deposits and the relatively low credit pick-up.

CD issuances dip as retail deposits soar

The Reserve Bank of India (RBI) is set to release the draft guidelines on the entry of new banks next week. The norms will seek to minimise the downside risks of industrial houses promoting banks and ensure promoters of these new banks meet the &ldquo;fit and proper&rdquo; criteria, sources say.

Bank licence norms next week

Aditya Birla Financial Services on Tuesday reported a near three-fold increase in net profit for the April-June quarter to Rs 161 crore, as against Rs 58 crore reported in the corresponding period last year.

Aditya Birla Fin Services net nearly trebles to Rs 161 cr

Warren Buffett&rsquo;s Berkshire Hathaway Inc increased its stake in Wells Fargo &amp; Co, building equity holdings amid a markets decline that the billionaire investor said provided an opportunity for buying stocks &ldquo;on sale.

Buffett raises Wells Fargo stake as declines leave stocks 'on sale'

Goldman Sachs Group Inc was sued by Allstate Insurance Co over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called &ldquo;junk&rdquo; and &ldquo;lemons.

Allstate sues Goldman Sachs over securities

The government is likely to decide on the rights issue proposal of country's largest lender State Bank India (SBI) in the next three months to fund its capital requirement for future business growth.

Govt may decide on SBI rights issue in 3 months

Press Trust of India

Some of the gloom that settled over the US economic outlook as stocks and sentiment plunged in recent weeks may soon dissipate as households keep spending and factories keep producing.

Spending rise holds off US double-dip

The proposed deal between Punjab National Bank (PNB) and Metlife, which saw the bank getting a discount of nearly Rs 750 crore, may result in the Insurance Regulatory and Development Authority (Irda) revisiting its recommendation on compensation and discounts for the bancassurance model.

Irda may revisit guidelines for bancassurance

The Reserve Bank of India (RBI) continues to focus on controlling inflation and inflationary expectations even as inflation has shown some signs of easing. RBI Deputy Governor KC Chakrabarty on Wednesday said the central bank sticks to the policy stance as stated in the quarterly review statement in July.

Will maintain anti-inflationary stance, says RBI

India Infrastructure Finance Company (IIFCL) on Wednesday said it aimed to raise Rs 11,000 crore by March 2012 from institutional and retail investors through bond issues.

IIFCL set to raise Rs 11,000 cr by March 2012

Aviva Life has emerged as the front-runner for tying up with Syndicate Bank for its proposed insurance joint venture.

Syndicate Bank likely to buy 26% in Aviva Life

Faced with &ldquo;extremely low&rdquo; credit deposit ratio (CDR) of some private and public sector banks in Uttarakhand, the state-level bankers&rsquo; committee (SLBC) on Wednesday asked them to show desirable results with a warning not to provide wrong data especially related to the small and medium enterprises (SME) sector.

Uttarakhand banks asked to improve CDR

Realty among four sectors to be kept out; FDI may be capped at 49%.

Banking doors set to open for India Inc

Alarmed at the trend of state-run banks' profitability eroding soon after their chairmen retire, the Reserve Bank of India (RBI) has asked banks to ensure the absence of human intervention in the maintenance and submission of regulatory reports.

Data reporting should be automated, RBI tells banks

The Reserve Bank of India (RBI) on Thursday penalised Rajkot-based Rajkot Commercial Co-operative Bank Limited for violation of RBI's instructions regarding grant of unsecured advances in excess of prescribed ceiling and director related advances. The RBI has slammed a penalty of Rs 2 lakh on the urban commercial cooperative bank.

Reserve Bank fines Rajkot Commercial Coop Bank

The Reserve Bank of India (RBI) took a solitary step during the first quarter review of the monetary policy, as it resorted to a steep rate rise of 50 basis points (bps) though most members of its Technical Advisory Committee either suggested a pause or a 25 bps rise.

Technical panel told RBI to wait and watch on rate rise

Leading home loan players which aggressively pursued fixed-cum-floating loans are not likely to respond to ICICI Bank&rsquo;s &lsquo;teaser loans&rsquo;.

SBI, HDFC unlikely to re-launch teaser loans

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Thursday said India's growth rate should be maintained at around eight per cent for a while to tame inflation and spur growth at a later stage.

Need to peg growth at 8% to tame inflation, says gokarn

Flagging concern over asset quality pressures, rating agency Fitch Ltd has revised outlook on Religare Finvest Ltd (RFL) to negative from stable.

Fitch lowers outlook on Religare Finvest 

ICICI Bank, India&rsquo;s largest private sector bank, on Thursday said it would launch two new home loan products with interest rates fixed for one and two years &mdash; a reminder of the earlier teaser loan schemes.

ICICI Bank resurrects dual-rate housing loan

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