Public sector Central Bank of India today said it was planning overseas expansion with an aim to have a strong presence in various geographies.

Central Bank of India eyes overseas expansion

Press Trust of India

According to industry insiders, Deutsche Bank has monetised around 300 acres of land during the past year and has another 50 acres for monetising.

Deutsche Bank monetises land worth Rs 160 cr to redeem BPL debt

Business Standard

The Reserve Bank of India (RBI) today clarified that a non-banking finance company (NBFC) together with its subsidiaries and group companies cannot hold more than 50 per cent stake in an insurance company.

RBI says NBFC together with arms can't hold over 50% in insurance JV

In a move that will give Indian companies more flexibility in managing international joint ventures (JVs) and wholly-owned subsidiaries, the Reserve Bank of India (RBI) has changed its overseas direct investment guidelines.

RBI eases overseas investment norms

The Reserve Bank of India (RBI) has shot down a proposal for merger of an old generation private sector bank and a new-age microfinance institution.

RBI no to BASIX, Ratnakar marriage proposal

Expectations that the Reserve Bank of India (RBI) may continue making funds dearer to tame inflation and increased government borrowing have sent yields on the 10-year benchmark government bond to 8.45 per cent.

Yields on 10-yr bond highest since Oct '08

The Reserve Bank of India (RBI) today asked banks to resolve customer complaints related to failed ATM transactions within seven working days. The existing limit is 12 working days.

RBI asks banks to resolve disputes over failed ATM transactions faster

An Indian-origin hedge fund manager in the US has pleaded guilty to his involvement in insider trading schemes and could face up to 20 years in prison.

Indian-origin man pleads guilty in insider trading case in US

The dollar fell for a second week against its major trading partners as reports showing growth cooled in the US fueled speculation the recovery of the world&rsquo;s biggest economy may be stagnating.

Dollar drops versus major trade partners 

Hyderabad-based SKS Microfinance Limited, the only listed microfinance institution (MFI) in the country, on Saturday stated that Suresh Gurumani had tendered his resignation as a director from the board of the company with immediate effect. In a filing to the Bombay Stock Exchange, the MFI said that Gurmani had resigned as a director by &ldquo;way of his letter dated May 27, 2011&rdquo;.

Gurumani resigns as SKS director

Having raised Rs 290 crore of Tier-I capital through a preferential allotment, south-based Dhanlaxmi Bank is planning to raise another Rs 700 crore in the next six months, a top bank official said.

Dhanlaxmi Bank plans to raise Rs 700 cr

Sebi has begun a probe into possible use of fake bids for artificially pushing up the subscription levels in numerous IPOs over past few years, with a modus-operandi similar to that in Vaswani Industries case.

Sebi widens net for fake IPO bidding probe

Global chip maker Intel sees big opportunity in RBI's financial inclusion programme and is all set to launch its Universal Handheld Device (UHD) for banking operations by the end of this year, according to a top company executive.

Intel to sell products to boost RBI's fin inclusion

Central Bank of India is expecting to invest around $ 50 million (around Rs 227 crore) in next the two to three years for setting up offices in overseas countries.

Central Bank to invest  Rs 225 cr in new overseas offices

City Union Bank (CUB) has said that it would require around Rs 3,000 crore capital to reach its targeted Rs 30,000 crore total business over the next five years. The 107-year-old private bank has said that it is looking at various modes including Qualified Institutional Placement (QIP) to raise around Rs 1,000 crore.

CUB looks to augment capital by Rs 3,000 cr

Overnight money market rates are likely to stabilise this week, as banks would have met most of their reserve needs in the first week of the reporting fortnight. Hence, demand for funds from banks would be relatively subdued.

Call rate, CBLO seen stable this week

State Bank of Travancore said on Monday its board has approved the draft letter of offer for its planned rights issue.

State Bank of Travancore board OKs rights issue

The National Civil Aircraft Development Project is set to be launched by January next year, and the total investment for the project is estimated at Rs 8,300 crore.

Rs 8,300-cr investment for national civil aircraft project

Higher provisions for commercial third-party motor pool losses dragged Reliance Capital&rsquo;s consolidated net profit for the year ended March 31 by 33.1 per cent at Rs 291.18, compared with the Rs 435.69-crore net profit in the year-ago period.

Reliance Cap net dips 33% on provisioning

Reserve Bank of India&rsquo;s Technical Advisory Committee (TAC) on monetary policy had considered increasing the statutory liquidity ratio (SLR) by 100 basis points in the annual monetary policy to tighten liquidity supply to banks.

RBI committee had considered raising SLR in annual policy

The general insurance industry, comprising four public sector entities, grew by 20% in April this year compared to the same month last year.

General insurance premium income up 20% in April

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