Bank of India has raised $750 million by issuing Reg-S international dual tranche bonds to support overseas operations. The issue includes bonds worth $500 million and $250 million maturing in 2021 and 2015, respectively. This is part of its overall $2-billion medium-term note (MTN) programme launched in 2005. Of this, it has already raised $1 billion.

BoI raises $750 mn through bonds

Business Standard

The panel, which was set up by Communications Minister Kapil Sibal to identify lapses in procedures at the ministry and those responsible, has directly or indirectly implicated over 40 officials.

Ministers, secretaries hand-in-glove: Panel

2G spectrum scam, RBI&rsquo;s C-D worries are the main triggers.

Banks curb short-term lending to companies

The Indian rupee fell by 2 paise to a one-week low of Rs 45.74 against the US dollar in early trade on the Interbank Foreign Exchange today, weighed down by gains made by the greenback against other Asian currencies overseas.

Rupee falls by 2 paise to 1-week low against $

Press Trust of India

Dun &amp; Bradstreet has released the third edition of &quot;India's Leading BFSI Companies 2010&quot;.

Total bank assets grew by 22% for FY05-FY10: D&B

Banking major HSBC India today said it has raised its resident fixed deposit rates by 0.5-0.75% on select maturities.

HSBC raises resident FD rates by 0.5-0.75%

State-owned Bank of India (BoI) today said it has raised $750 million from overseas market through bonds.

Bank of India raises $750 mn from bonds

The country's largest lender State Bank of India (SBI) today raised lending and deposit rates on select maturities by 25 basis points in response to policy rate hike announced by Reserve Bank of India&nbsp;last month.

SBI ups interest rates by 25 bps

The Insurance Regulatory and Development Authority (Irda) today came out with draft guidelines for mergers and acquisitions of general insurance companies, that mandates players to explain the intent behind proposed deals.

Irda issues draft M&A norms for general insurers

The Reserve Bank of India (RBI) has once again expressed its discomfort over teaser loan rates and questioned banks&rsquo; business model for offering such schemes.

RBI again raps banks on teaser loans

Despite drastic slowdown seen in industrial growth numbers in December, the Reserve Bank of India (RBI) is expected to continue raising the policy rates as inflation remains stubbornly high, analysts said. The central bank also said today that inflation needs to be controlled if growth has to be sustained.

Inflation rate needs to be lowered for growth: RBI

The regulator said for the next three financial years, persistency for agents should be at least 50 per cent in terms of both policies and premium procured. Meaning, at least half of the policies in an agent&rsquo;s name which are due for renewal must be renewed.

Stiff renewal  targets for life insurance agents

Also hikes rates on domestic-term deposits in two maturity buckets.

SBI raises lending, deposits rates by 25 basis points

SKS Microfinance Ltd, India's largest and only listed Micro Finance Institution (MFI), has disbursed loans worth Rs 2034 crore in Orissa in the past five years, reaching out to 7.4 lakh borrowers in the state.

SKS Microfinance&#39;s loan exposure in Orissa at Rs 2034 cr

State Bank of India wants to promote its gold deposit scheme under which it has accumulated 7.79 tonnes of the precious metal so far, the latest addition being Tirumala Tirupati Devasthanam's deposit of 1,175 kg.

SBI to promote gold deposits

When Duvvuri Subbarao took charge as the twenty-second governor of the Reserve Bank of India (RBI) in September, 2008, he had to act swiftly to counter the impact of the global economic slowdown on the Indian economy.

Central banks must respond in real time, says Subbarao

The number of credit cards around has been steadily falling since the start of the current financial year. The latest Reserve Bank of India (RBI) data showed the number outstanding was 18.1 million in the month of December 2010 from 19.3 million in April 2010. In November, it was 18.2 million. Over a year, the number has shrunk by 12.3 per cent.

Decline in credit card nos persists

Home loan borrowers may get a piece of good news soon. Pre-payment penalties, which are 2 per cent or above of the outstanding loan for most banks at present, may be brought down to 0.5-1 per cent.

Cap likely on home loan pre-payment penalty

Indian Overseas Bank is eyeing entry into Africa and convert its representative offices in Dubai and China into branches as part of its efforts to expand foreign operations.

Indian Overseas Bank looks for opening in Africa

Liquidity conditions are set to worsen in the coming week as the drawdown from RBI&rsquo;s repo window is expected to touch the Rs 1 lakh crore level again.

Liquidity crunch to persist longer

The rupee extended gains in afternoon trade on Monday as dollar inflows on the back of strong local shares, as well as firm Asian peers, supported the local unit.

Rupee extends gains tracking local shares

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