Poll-based regime may give way to traded rate

Libor fallout: RBI takes a re-look at Mibor

Business Standard

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

Press Trust of India

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

State Bank of India (SBI) Bengal circle is eyeing Rs 300 crore net agri-business growth in 2006-07 against last year's corresponding figure of Rs 273.73 crore.


SBI aims to push farm loans to Rs 650 crore

The Life insurance sector grew by 41% in 2005-06 due to better performance of country's largest life insurer, LIC, and private players like Bajaj Allianz and ICICI Prudential. The 15 Life

Life insurance industry logs 41% growth in FY06

The proposed PFRDA Bill, aimed at setting up a regulator and managing new pension system, will not allow pension schemes to invest their money in individual stocks. The Pension Fund Regulatory

Pension Fund money may enter index funds only

Though the Indian markets ended the month of May on a weak note tracking global cues such as volatile commodity prices and concerns over rising interest rates in the US, a latest report by Standard

No more rate hikes likely in US: S&P

The South Indian Bank (SIB) opened its Kadvanthra branch in the Kochi corporation limit today.


South Indian Bank opens new branch

Number of banks penalised in IPO scam rises to 10.


RBI slaps Rs 15 lakh fine on Centurion Bank

The Indian rupee is trading firm in early trades. The rupee was quoted at 46.18/$ compared to its previous close of 46.34/$. On the rupee had hit a three-year low of 46.57/$ on Wednesday

Rupee gains, now at 46.18/$

The Indian rupee has further strengthened versus the dollar and is now quoted at 45.98/$ compared to its previous close of 46.34/$. The rupee had hit a three-year low of 46.57/$ on Wednesday

Rupee strengthens, now 45.98/$

Chennai-based Indian Bank is likely to hit the capital market with an intial public offer next year that may dilute government stake in the bank by 25%. The bank planned to come out with

Indian Bank IPO likely in 2007

A new bank, Shreyas Gramin Bank with headquarters in Aligarh, has been formed by amalgamating three UP-based regional rural banks (RRBs)&nbsp;sponsored by Canara Bank. The amalgamated banks are

Canara Bank merges 3 RRBs in UP

Non-compliance with Prevention of Money Laundering (PML) Act by banks will be viewed seriously, the Reserve Bank of India (RBI) has warned. The Act, which came into force in 2005, is aimed at

RBI to deal firmly with PML Act non-compliance

The Reserve Bank of India (RBI) today approved Centurion Bank of Punjab's (CBoP) preferential issue of seven crore shares at a price of Rs 19.25 per share totalling Rs 134.75 crore. The

RBI approves CBoP's Rs 135 cr pref issue

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