A few mutual funds invested in one-year certificates of deposit today due to inflows in their fixed maturity plans, dealers said.

Mutual funds invest in one-year CDs

Business Standard

Liquidity shortage, which has been above Rs 1 lakh crore for more than a week, fell marginally on Tuesday, as banks borrowed Rs 97,545 crore from the two liquidity adjustment facility windows of the Reserve Bank of India (RBI).

Market wants CRR cut to tide over liquidity crunch

The Reserve Bank of India (RBI) has said credit-deposit (CD) ratio was a byproduct of the economic and business activity in the respective Indian states, and that the central bank had no direct role to play therein.

No direct role to play in CD ratio of states: RBI

Within days of India reporting a 16-month low industrial growth of 4.4 per cent for September, a top government economic advisor on Tuesday said industry was expected to post recovery in October, otherwise the Reserve Bank of India (RBI) will have to change its tight policy stance.

RBI policy may change if IIP slides further: Basu

Press Trust of India

Sidbi, a major lender to MFIs, also under the scanner for violation of RBI guidelines.

Andhra seeks RBI probe into banks' MFI lending

Amid a clampdown on lending practices, microfinance institutions (MFIs) were seeking emergency funding from banks as defaults jumped, an industry group said. Shares of SKS Microfinance fell by a record.

MFIs seek emergency funding from banks; SKS shares slump

As if current woes were not enough for microfinance institutions (MFIs), it might get tougher for them to get the highest rating for the liquid instruments created out of their loans to raise cheap funds.

Risks prevent top rating to paper of microfinance firms, says Fitch

Officers and subordinate staff of State Bank of India have announced a two-day strike on November 25 and 26 on the pay hike issue.

SBI staff to strike work on Nov 25-26

Private sector lender Axis Bank today announced acquisition of investment banking arm of Enam Securities for Rs 2,067 crore.

Axis Bank buys Enam's i-bank arm for Rs 2,067 cr

The public sector Canara Bank would launch 105 branches and ATMs each, across the country on November 19, its founder's day, to commemorate the bank's 105th year of service to the nation.

Canara Bank to open 105 branches, 105 ATMs on Nov 19

Axis Bank, India&rsquo;s fourth-largest bank in terms of market capitalisation, has acquired the investment banking and equity capital market business of Enam in an all-stock deal valued at Rs2,067 crore. Following this, Enam will become an Axis Bank subsidiary, headed by Enam Director Manish Chokani.

Axis buys Enam Sec in Rs 2,067-cr deal

European Union and International Monetary Fund experts will start scanning the books of Ireland&rsquo;s debt-laden banks tomorrow in Dublin in a prelude to a possible aid package to stem Europe&rsquo;s widening fiscal crisis.

Ireland to begin bank talks in prelude to possible aid

A memorandum of understanding (MoU) has been signed between Singapore-based business space provider Ascendas and a Japanese consortium of corporate finance provider Mizuho Corporate Bank and programme management contractor and investment partner JGC Corporation, to jointly explore opportunities for business partnerships and collaboration on a large scale project to develop an integrated township in India. The township is set to an have eco-friendly infrastructure for industrial, business, commercial, residential, and lifestyle amenities with Ascendas as the master developer.

Ascendas, Mizuho, JGC in pact for townships

The City Union Bank Ltd is looking to raise Rs300 crore through rights issue or by way of Qualified Institutional Placement (QIP). Meanwhile the bank has set a target to close the current fiscal with a total business of Rs22,000 crore.

City Union Bank to raise Rs300 crore

The public sector Canara Bank would launch 105 branches and ATMs each, across the country on November 19, its founder&rsquo;s day, to commemorate the bank&rsquo;s 105th year of service to the nation.

CanBank set for big expansion

Forecasters have revised their projections for GDP growth in the current financial year to 8.5 per cent from the earlier estimate of 8.4 per cent, according to an RBI survey.

RBI survey pegs 2010-11 growth at 8.5%

Two-and-a-half months ago, when Vallabh Bhanshali&rsquo;s friend, Anil Singhvi, approached Shikha Sharma to try and work out a deal, the managing director of Axis Bank was evaluating another potential target. But this was an opportunity too good to be missed.

'When you get a good thing, you go for it'

Fidelity Mutual Fund today announced the launch of Fidelity Short Term Income Fund, an open-ended income scheme that aims to generate reasonable returns primarily through investments in fixed income securities and money market instruments.

Fidelity MF launches Short Term Income Fund

State-owned Union Bank of India today said it plans to raise funds through Swiss francs denominated bonds soon.

Union Bank to raise funds via Swiss bonds

Banks have agreed to normalise lending to microfinance institutions (MFIs), but have asked them to be extremely cautious to prevent slippages. MFIs raise 75-80 per cent of their funds via bank borrowings, 15 per cent from equity and another 10 per cent from other sources like cash securities.

Banks agree to resume MFI lending, but counsel caution

The state finance minister Prafulla Chandra Ghadai has hit out at the private sector banks operating in the state for their non-participation in the Financial Inclusion Plan and failure to meet the benchmarks of the Reserve Bank of India (RBI) in their advances to the agriculture sector and weaker sections of the society.

Ghadai pulls up pvt banks for non-participation in financial inclusion

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