Federal Reserve policy makers indicated that signs of economic strength won&rsquo;t deter them from pumping money into the financial system so long as unemployment remains elevated.

US Fed signals stronger economy won't slow $600-bn stimulus

Business Standard

DBS Group Holdings, Southeast Asia&rsquo;s biggest bank, said it will take over Royal Bank of Scotland Group&rsquo;s retail and commercial banking businesses in China.

DBS to take over some RBS banking businesses in China

During an interactive session with the senior officials of the state government and bankers in the state capital on Tuesday, Reserve Bank of India (RBI) Governor D Subbarao said that RBI was considering the proposal of satellite banks and ATMs to provide banking facilities to the villagers in Jharkhand.

RBI to establish satellite banks, ATMs in Jharkhand

The Indian rupee fell by 16 paise to Rs 45.56 against the US dollar in early trade at the Interbank Foreign Exchange today, weighed down by the dollar's gains against other major currencies.

Re down 16 paise against $ in early trade

Press Trust of India

The Reserve Bank of India (RBI)&nbsp;has decided to reduced the Statutory Liquidity Ratio (SLR) of scheduled&nbsp;commercial banks (SCBs)&nbsp;from 25% to 24% of NDTL (Net Demand and Time Liabilities) with effect from December 18, 2010. The Bond markets are likely to be affected.

RBI cuts SLR from 25% to 24%, repo rates unchanged

The Bankex is trading higher by 2% and realty is up 1% compared with the sub-1% rise in the benchmark Sensex. However, the auto index is down over 1% on the BSE.

Banking, realty stocks gain post RBI policy announcement

Indranil Pan, Chief Economist, Kotak Mahindra Bank talks to Krishna Merchant on today's RBI policy review and the likely impact.

'OMO auctions a positive from the RBI policy'

Banks would have required an additional $602 billion in capital at the end of 2009 to meet new Basel III rules aimed at boosting the resilence of financial institutions, regulators said today.

Banks would have needed 602 bn euros to meet Basel III

Barclays Bank PLC today inaugurated its first branch in Pune located at Satguru Centre, Mouje Bund Garden Road.

Barclays opens first branch in Pune

Will also help NRI customers apply for PAN cards, passports.

SBI to play matchmaker for NRIs, be a florist too

Anand Rathi Financial Services has completed the first round of fund-raising for the realty fund it has set up with Knight Frank India Pvt Ltd, collecting about Rs 220 crore. The fund, Rental Yield and Appreciation Portfolio (RYAP), aims to raise Rs 350 crore, with a greenshoe option of Rs 100 crore.

Anand Rathi-Knight Frank India fund raises Rs 220 cr

Need to cap interest rates, govt tells Malegam committee.

Andhra govt seeks bar on MFIs tapping markets, private equity

Morgan Sze, global head of Goldman Sachs Group Inc&rsquo;s principal strategies proprietary trading desk, plans to start a global hedge fund that will be 75 per cent invested in Asia, said two people with knowledge of the matter.

Goldman Sachs's Morgan Sze plans Asia hedge fund

Reserve bank of India (RBI) Deputy Governor Subir Gokarn on Thursday said the central bank recognised the need to take the burden of financing infrastructure away from banks and into a much more diversified and consistent set of channels like the corporate bond market.

Need to lower infra funding burden on banks: Gokarn

Banks&rsquo; profitability is expected to grow in the coming quarters due to benign operating environment, but high inflation and probability of formation of asset bubbles are some of the downside risks, according to Moody&rsquo;s Investors Services report.

Moody's says banks' profitability may grow but risks persist

Morgan Stanley plans to increase the number of private bankers in India by 30 per cent next year, according to Himanshu Bhagat, executive director of its wealth management unit in India.

Morgan Stanley to increase pvt bankers in India by 30%

Infrastructure Development Finance Company Limited (IDFC) has invested Rs 150 crore in TRIL Infopark, a company floated by Tata Realty and Infrastructure Limited along with other partners, to develop Ramanujan IT City at Chennai.

IDFC puts Rs  150 cr in TRIL Infopark

Goldman Sachs Group&rsquo;s top executives will get about $111.3 million in stock next month in a delayed payout from last year and their record-setting 2007 awards, even as Wall Street prepares for lower bonuses.

Goldman officers to reap $111 mn in bonuses for 2007, 2009

Basel bank regulators said rules on capital requirements would have forced financial institutions to raise euro 602 billion ($797 billion) of capital had they been in place at the end of last year.

Basel Would Have Left Banks With $797-Bn deficit

The bonds rose, driving yields to the lowest level in six weeks, as the central bank said it would repurchase Rs 48,000 crore ($10.6 billion) of debt over four weeks to boost cash at banks.

Bond yields at 6-week low on debt purchase move

Rates on short-term money market instruments fell by 10-15 basis points on Thursday after the Reserve Bank of India cut the Statutory Liquidity Ratio in a measure to ease the liquidity tightness in the banking system, dealers said.

Short-term debt rates down

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