Credit offtake from banks to major sectors accelerated in April this year, registering a growth of over 22.1% as against 17.1% in the previous fiscal, suggesting an upsurge in the economic activity.

Credit offtake up 22% in April

Press Trust of India

Todayâ€™s meeting between Kingfisher Airlines officials and its core group of lenders failed to yield any result, as the troubled carrier is yet to give any proposal on paying dues, something its lenders have sought for long. It is this deadlock that had resulted in such inconclusive meetings in the past, too.

Kingfisher-lenders meet inconclusive, again

Business Standard

Domestic mutual fund houses last week borrowed from companies and a few banks at 13-14 per cent to meet the huge redemption pressure in the debt segment. Matters were exacerbated by the liquidity squeeze over the past one-and-a-half-weeks, which sent short-term rates through the roof.

Banks make a killing as MFs scramble for cash

The Reserve Bank of India (RBI) is likely to make the sixth increase in key policy rates this year, as it seeks to get a firmer grip on inflation. RBI Governor D Subbarao will announce the second-quarter monetary policy review on Tuesday in Mumbai after meeting bankers.

RBI likely to raise key rates on Nov 2

Finance Minister Pranab Mukherjee on Sunday said the central bank would strike a balance between growth and containing inflation.

FM says RBI to balance growth, inflation

Close on the heels of the Orissa Cabinet giving its nod to give Grid Corporation of Orissa (Gridco) a financial guarantee of Rs 1000 crore, the Orissa State Cooperative Bank (OSCB) has offered to provide the loan amount to the corporation.

OSCB offers Rs 1,000-cr loan to Gridco

The National Bank for Agriculture and Rural Development (Nabard) has estimated the potential for credit deployment in the state to the tune of Rs 37,000 crore during 2010-11.
Speaking after inaugurating the 1,001 Joint Liability Group (JLG) and 75th Farmers&rsquo; Club launched by the Karnataka Vikas Grameen Bank (KVGB) at the Kuradikeri Village near here, Nabard chief general manager Venkatesh Tagat said Rs 17,250 crore had been earmarked for the crop loans and Rs 6,674 crore for term credit

Nabard sees credit potential at Rs 37,000 cr

Ahead of RBI's mid-year monetary policy, the Plan panel today suggested that the central bank should not hike the Cash Reserve Ratio (CRR), the amount banks are required to keep with the apex bank.

Plan panel suggests RBI to keep CRR unchanged

The Reserve Bank of India (RBI) today hinted at a hike in key rates in its mid-year year policy review tomorrow, saying that inflation is above the comfort level -- an issue which the government has taken up with the central bank.

RBI hints at rate hike; says taming inflation priority

&quot;The Central Bank has been allotted 35 villages in Orissa under 'Financial Inclusion Plan' prepared by the State Level Bankers' Committee (SLBC). The bank will kick off the process of financial inclusion today. We will cover 12 villages in Cuttack district by December this year and 20,000 biometric cards will be distributed to the beneficiaries. The remaining 23 villages would be covered by March 2011&rdquo;, said R K Dubey, executive director, Central Bank of India.

Central Bank to financially include 12 villages in state by Dec

Besides lower provisioning, all-round improvement in operational performance was the key highlight.

ICICI Bank: Strong show

Speaking after inaugurating the 1,001 Joint Liability Group (JLG) and 75th Farmers&rsquo; Club launched by the Karnataka Vikas Grameen Bank (KVGB), Nabard chief general manager Venkatesh Tagat said Rs 17,250 crore had been earmarked for the crop loans and Rs 6,674 crore for term credit in agriculture and allied activities.

Nabard sees K'taka credit potential at Rs 37,000 cr

Private banks see 24.1% growth in credit, while PSBs manage 19.8% rise.

Private sector banks increase share, deposits still a worry

Even as retail and services pulled up the overall non-food credit, agriculture, petroleum and iron and steel sector reported a decline in fresh loans from banks.

Retail, services push non-food credit, infra lags

Asset prices and exchange rate movement will be closely monitored by the Reserve Bank of India, as the central bank fears that large portfolio inflows in emerging market economies (EMEs) can affect inflation and external competitiveness adversely.

Asset prices, exchange rate to be watched: RBI

Transmission of monetary policy mechanism was becoming effective, albeit with a lag, RBI said on Monday.

'Transmission of higher policy rates  effective'

Containing inflation is not just crucial to manage domestic economy, it is also important to protect the edge of Indian exports. Also, ensuring sustainable current account deficit is must to support robust economic growth, according to Reserve Bank of India.

Containing inflation crucial for exports

Goldman Sachs Group Inc is losing its edge in fixed-income trading, the firm&rsquo;s biggest business and the one that led to record earnings last year.

Goldman Sachs losing edge in fixed-income trading as risk falls

Bhatt says policy rate hike may not impact cost of funds.

SBI hints at holding rates

The Reserve Bank of India (RBI) said on Sunday it will continue to offer limited leeway to banks on the maintenance of statutory liquidity ratio (SLR) and will conduct a second set of auctions under its liquidity adjustment facility (LAF) till Thursday to help banks tide over liquidity tightness.

Will continue to offer leeway on SLR, says RBI

Federal Reserve Chairman Ben S Bernanke&rsquo;s push to jump-start the US economy this week may weaken the dollar, forcing at least one other central bank to add its own stimulus to offset a rising exchange rate.

Fed monetary easing likely to weaken dollar

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