Corporate bond sales worldwide topped $3 trillion for a second straight year, led by the highest-ever issuance of junk-rated debt, as borrowers locked in the lowest yields on record.

GE leads $3.19 tn in corporate bond sales: Credit markets

Business Standard

The Reserve Bank of India (RBI) on Thursday expressed concerns over the growing offshore dollar/rupee market and said it constrained policy actions aimed at maintaining order in the domestic market.

Growing offshore rupee market limits policy action, says RBI

Growth may sustain but inflation not likely to ease, becoming structural.

Stressed liquidity needs careful handling, says RBI

State-run Punjab and Sind Bank (PSB) had an impressive listing on Thursday, shooting nearly 22 per cent in first trades, even as the lender&rsquo;s management said a new round of capital infusion would be required in two years.

PSB up 22% on debut, will need cap infusion in 2 yrs

Press Trust of India

The recent revelations of financial irregularities, as in real estate firms allegedly involved in a loan syndication bribery case and the 2G telecom licence scam, may impact credit flow. Banks would be cautious while lending to these sectors, RBI on Thursday said in its Financial Stability Report.

'Scams may hit loan flow'

Every crisis need not necessarily have a silver lining. However, according to the trend witnessed in 2010, it is clear such situations are the most likely to create buzzwords out of the otherwise unheard financial jargons.

Financial buzzwords of 2010 came from crisis situations

RBI ask banks to guard against dilution in credit appraisal.

Home loan non-performimg assets come to haunt banks

A former Primary Global Research expert-networking consultant was charged by US prosecutors in Manhattan with selling inside information to portfolio managers at three unidentified hedge funds.

Three hedge funds got inside data from consultant, US says

Two days after it was told about a huge financial fraud in Delhi&rsquo;s suburban town, the Gurgaon police arrested the prime accused, Shivraj Puri, though without saying how.

Police nab prime accused in Citibank fraud

Corporation Bank last revised its rates raising its Benchmark Prime Lending Rate by 25 basis points to 13%.

Corporation Bank raises base rate to 8.90%

Finance Minister Pranab Mukherjee today held the first meeting of the Financial Stability and Development Council (FSDC), a high-level body which has been set up to sort out inter-regulatory issues.

Pranab holds first Financial Stability Council meet

Private sector lender Kotak Mahindra Bank today hiked its minimum rate of lending or base rate by 0.25 per cent to 8.25 per cent, in line with peers across the industry.

Kotak Mahindra Bank hikes base rate by 0.25% to 8.25%

State-owned Indian Overseas Bank may raise $250-500 million through medium term notes (MTN) in the next six months, a top official said here today.

IOB to raise $250-500 mn through MTN in next 6 yrs

Indian Overseas Bankâ€™s (IOB) exposure of over Rs 100 crore to the debt-ridden Kingfisher Airlines will turn a non-performing asset (NPA) for the third quarter ended December 2012. Lenders led by the State Bank of India (SBI) are also working on Suzlon Energy Ltdâ€™s corporate debt restructuring (CDR) package. The lendersâ€™ exposure to the financially-stressed Tulsi Tanti- promoted wind energy firm is above Rs 10,000 crore.

Kingfisher and Suzlon to weigh on IOB's Q3 show

A meeting between the management of Kingfisher Airlines and lenders to the company on Friday remained inconclusive. The core group of lenders, which met the airlineâ€™s management at the UB Group headquarters here, declined to give a no-objection certificate to the airline.

Lenders refuse to give Kingfisher NoC

Kingfisher lenders will soon decide on future course of action with regard to the grounded airline as they do not want the company to close down, State Bank of India (SBI) said on Monday.

Bankers to decide future course of action on Kingfisher soon

Oriental Bank of Commerce (OBC) is confident of recovering its entire due from beleaguered Kingfisher Airlines by the end of this month. The state-run lender currently has Rs 55 crore outstanding loans with the private airlines company.

OBC confident of recovering dues from Kingfisher

The Standard Chartered Bank is set to ask three of its executives to go on leave following complaints made by a few high net worth clients on mis-selling of products. In another damage-control exercise, the UK-headquartered bank has already roped in investors, including non-banking finance companies and investment banks to buy back debentures issued to these clients.

StanChart in damage control mode

United Bank of India on Saturday reported a net profit of Rs 143.23 crore for the last quarter of 2010-11, compared with Rs 46.38 crore in the same period of the previous financial year. Higher yield on advances, which stood at 10. 71 per cent in the last quarter contributed to the rise in profit.

United Bank of India's profit rises 

Even as India talks about moving its banking into auditing system, that converges with international financial reporting standards (IFRS), from April 2013, a British Parliamentary committee has criticised it saying the mode of accounting has serious flaws, especially in bank audits.

IFRS in banks: India sets '13 deadline

State Bank of Hyderabad on Saturday said its net profit for the year ended March 31, 2011, rose 42 per cent to Rs 1,166 crore. The bank&rsquo;s net profit in the previous financial year stood at Rs 823 crore, said SBH Managing Director, Renu Challu.

State Bank of Hyderabad net up 

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2145 - Finance News