Bloomberg News filed a lawsuit against the European Central Bank, seeking to make it disclose documents showing how Greece used derivatives to hide its fiscal deficit and helped trigger the region&rsquo;s sovereign debt crisis. The suit asks EU&rsquo;s General Court in Luxembourg to overturn a decision by the ECB not to disclose two internal documents drafted for the bank&rsquo;s six-member executive board in Frankfurt this year. The notes show how Greece used swaps to hide its borrowings, according to a March 3 cover page attached to the papers obtained by Bloomberg News.

ECB sued to ensure disclosure of Greece swaps

Business Standard

More than 500 representatives from 27 nations, including top regulators and central bankers, met dozens of times this year to hammer out 440 pages of new rules to govern the world&rsquo;s banks.

Banks best Basel as regulators dilute or delay capital rules

&lsquo;Money to start coming back into the system in the next few months&rsquo;.

Credit-deposit growth gap behind liquidity crunch, says Gokarn

Issuance of certificates of deposit (CD) rose on Wednesday, as did the rates, because banks continued to issue these instruments to refinance their existing papers. Banks&rsquo; issuance of CDs rises during the end of a quarter, as they seek funds to build their deposit base.

Short-term debt issuance up

The country&rsquo;s inflation rate is not coming down as fast as the central bank would like and upside risks remains, according to Reserve Bank of India (RBI) Deputy Governor Subir Gokarn.

Pace of inflation fall not to RBI's liking

Carlyle Group and Bain Capital LLC are among at least five companies that submitted bids for PAI Partners&rsquo; majority stake in Gruppo Coin SpA, Italy&rsquo;s biggest department-store chain, according to four people with knowledge of the offers.

Carlyle, Bain vie for PAI's Gruppo Coin stake

Three big funds launched two-three years ago post positive returns.

Infrastructure PE funds make a solid start

Property developers are knocking on the doors of portfolio managers, private equity (PE) funds, non-banking finance companies (NBFCs) and other investors as commercial banks, mostly public sector ones, are tightening lending to real estate firms in the aftermath of the bribe-for-loan scam.

Realty developers turn to portfolio managers, PEs as bank funds dry up

The three-member sub-committee formed to look into the details of investment made by the country&rsquo;s largest life insurer, Life Insurance Corporation of India (LIC), will give its report by January end.

LIC panel's investment report in Jan

Non banking finance company (NBFC), Dhadanpani Finance, is diversifying into infrastructure lending. Its debt restructuring package is expected to be reviewed at the corporate restructuring forum scheduled on December 23. Lenders have firmed up a restructuring plan for debt to the tune of Rs 140 crore.

Dhandapani Finance to diversify into infra lending

Tamil Nadu has registered a credit deposit (CD) ratio of 108.75 per cent, which is one of the highest in the country. Total deposits of the banks in Tamil Nadu rose by 20.60 per cent by September 2010 to over Rs 3.03 lakh crore and gross credit rose by 16.33 per cent to over Rs 3.29 lakh crore.

Banks records highest CD ratio in the country at 108.75% in TN

Banks have advised the Reserve Bank of India (RBI) against allowing industrial houses to enter banking space, even as industry associations, NBFCs and MFIs have been in favour of corporate's into banking.

Banks against corporate foraying into banking: RBI

Press Trust of India

State Bank of Bikaner and Jaipur (SBBJ), the largest associate bank of SBI, has approached the market regulator Sebi for approval of the bank's Rs 800 crore rights issue.

SBBJ approaches Sebi for its rights issue

Concerned over excessive flow of banking funds to the real estate sector, the Reserve Bank of India (RBI) today said lenders will provide loans only up to 80 per cent of the cost of property.

Don't give loans beyond 80% of home value: RBI to banks

First meeting scheduled around month-end.

FM to have last word in FSDC

Banks have opposed corporate houses being given banking licences due to &ldquo;unsatisfactory past experiences&rdquo;.

Banks oppose granting new licences to business houses

The Rs 1,000 crore North Cachar (NC) Hills financial scam has heated up the political atmosphere in Assam ahead of the upcoming Assembly election.

NC Hills scam emboldens  Assam Opposition

Finance Minister Brian Lenihan secured approval from the Dublin-based court today to inject &curren;3.7 billion ($4.8 billion) into the lender by December 31 and raise its stake to 92 per cent from 19 per cent, the Finance Ministry said in a statement.

Ireland seizes Allied Irish Bank

Federal Reserve Chairman Ben S Bernanke said investor speculation over which money market mutual funds are likely to be bailed out by their parent companies during a crisis can undermine the stability of the industry that manages $2.79 trillion.

Bernanke backs Moody's critic in debate over money fund ratings

With the bribe-for-loan scandal still fresh in public memory, President Pratibha Patil on Thursday asked bankers to uphold the &ldquo;highest standards of probity&rdquo; and follow prudential principles for lending. &ldquo;Bankers and money managers have a responsibility to follow principles of prudence and risk management,&rdquo; Patil said in her address at an event to kick-off the centenary celebrations of the Central Bank of India here.

President asks bankers to uphold high standards of probity

To start with issues of GMR, GVK, Reliance Power and Lanco, aggregating Rs 5,000 crore.

IIFCL to soon start backing infra companies' bond offers

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