The Reserve Bank of India (RBI) today said it could initiate cross-border co-ordination for supervision of financial conglomerates through general or specific memoranda of understanding to address

Cross-border monitoring of financial majors mooted

Business Standard

The sale of UTI Securities is expected to be finalised by December end. "About 10-11 players have shown interest for buying UTI Securities,' said S B Mathur, administrator of the Specified Undertaking

UTI Sec sale likely by Dec-end

Yes Bank will foray into retail banking in the fourth quarter of the current fiscal by offering personal loans and advances against existing real estate. "The bank will further expand its

Yes Bank to offer retail loans from next quarter

Press Trust of India

After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7% growth in the coming years. HSBC is also awaiting nod

HSBC awaits RBI nod to float NBFC

Global corporate and investment banking major, Calyon Bank has injected additional capital of $100 million in its Indian operations, effectively doubling the its capital base. 


Calyon doubles capital base, invests $100 mn

The board of directors of Corporation Bank, which met today,&nbsp; has recommended an interim dividend of 35% for FY06. According to a release issued by Corporation Bank to the BSE today,

Corporation Bank to pay 35% interim dividend

Kochi-based Peninsular Capital Market Limited, an investment and financial services provider, is planning to expand its operations in Andhra Pradesh by adding 15-20 more branches across the state.


Peninsular to expand operations in Andhra

In a bid to undertake general insurance business as a corporate agent the Karnataka Vikasa Grameena Bank (KVGB) has signed a Memorandum of Understanding (MoU) with the United India Assurance Company

Grameena bank signs MoU with insurance firm

The Reserve Bank of India (RBI) kicked off its second liquidity adjustment facility (SLAF) today to better manage temporary money market liquidity mismatches.


Banks give second LAF the thumbs-up

National Insurance company Ltd (NIC) recorded 93.41 per cent growth in profit before tax at Rs 141.21 crore in 2004-05 as compared to corresponding figure of Rs 73.01 crore the previous year. 


NIC records 93% profit growth

Bank of Baroda (BOB) launched a central processing cell (CPC) at its regional office in Hyderabad on Monday. 


BOB launches central processing cell in Hyderabad

At a time when West Bengal is projecting itself as an investment-friendly destination, State Bank of India (SBI) has adopted a process that would render its foreign exchange (forex) dealing room at

SBI staff to oppose forex office shift

Poll-based regime may give way to traded rate

Libor fallout: RBI takes a re-look at Mibor

Treasury operations come to the rescue, amid decline in NII

SBI net growth disappoints market

At a time when the banking system is craving for loan demand, SBI saw a whopping Rs 40,000 cr of fresh disbursement during the Septemberâ€“December quarter.

Loan market: State Bank's gain is loss for others

December quarter sees an increase in non-performing asset provisioning, constriction in net profit; pressure expected to continue in FY14

Asset quality stress rises for govt banks

Market regulator the Securities and Exchange Board of India (Sebi) on Thursday imposed a total penalty of Rs 30.75 crore on 118 entities, including the promoters of erstwhile Bank of Rajasthan (BoR), for manipulative practices in the stock market during 2007-2009.Sebi has slapped a fine of Rs 5 crore each on BoR's then promoter Pravin Kumar Tayal, his brothers â€” Sanjay Tayal and Navin Tayal â€” and his son, Saurabh Tayal â€” for violations of various norms.

Sebi slaps over Rs 30-cr penalty on 118 entities in BoR case

The Reserve Bank of India (RBI) today said increased use of technologies such as internet and mobile phones had resulted in innovative, yet complex products and processes. To sustain the business interest of consumers, it was important to create a policy environment that met their expectations of secure payment systems. â€œThe retail payment systems today are dominated by continuous innovations, aided by breakthroughs in technology. This has brought immense benefits, in terms of new products and delivery channels. At the same time, this has engendered concerns for regulators across the globe,â€ said RBI Deputy Governor H R Khan.He said the lines of demarcation between products were getting blurred, as multiple access channels and devices were increasingly being used interchangeably. The entry of non-banking entities into the payment space had made it necessary for regulators to continuously monitor their activities, he added.Pricing related to payment services

RBI: Retail payment innovations a challenge

BS Reporter

The maturity period of gold deposits would range from six months to seven years, said an RBI circular. Earlier, it was from three years to seven years.

RBI tweaks gold deposit scheme provisions

IFC is planning to make an equity investment of Rs 130 cr in Ratnakar Bank Ltd through the preferential allotment route, sources said. The investment is, however, subject to regulatory approval.

IFC to infuse Rs 130 cr in Ratnakar Bank

State Bank of India (SBI) on Thursday said it has opened five e-corners in West Bengal.

SBI opens five e-corners in West Bengal

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