State-owned Punjab National Bank (PNB) today said it proposes to buy stake in an existing life insurance company and has shortlisted 10 companies, including Reliance Life and Bharti AXA, for the strategic partnership.

PNB shortlists 10 firms for life insurance JV

Press Trust of India

The Cabinet today gave its nod to the Banking Regulation (Amendment) Bill, which proposes to increase the voting rights of foreign investors in private sector banks.

Cabinet gives green signal to banking Bill

Business Standard

Subbarao says RBI view on Malegam Committee report on MFIs by April-end.

RBI reminder to banks: increase deposit rates, cut lending rates

A day after announcing a foray into the Indian insurance market, Warren Buffett&rsquo;s Berkshire Hathaway Inc is reported to be looking to enter the Indian reinsurance market.

Buffett said to be in India reinsurance talks

The Budget gave a boost to expansion in agricultural credit disbursement
The state-run National Bank for Agriculture &amp; Rural Development (Nabard), which is currently undergoing a repositioning exercise, has received a major boost following a slew of proposals by the finance minister (FM) in the Union Budget 2011-12. The FM has increased allocation to Rs 10,000 crore from Rs 5,000 crore for supporting crop loan refinance to cooperatives and regional rural banks (RRBs), and increasing

Higher capital to help Nabard access financial market better

&quot;It (credit growth) would be upward of 20 per cent,&quot; ICICI Bank Managing Director Chanda Kochhar told reporters on the sidelines of an interactive session organised by industry body CII here.

ICICI Bank expects over 20% credit growth in 2011-12

State-owned Punjab National Bank (PNB) on Thursday said it planned to buy equity stake in a domestic life insurance company to begin a new innings in the insurance business.

PNB to buy stake in life insurance company

The European Central Bank (ECB) kept interest rates at a record low on Thursday as policy makers grapple with an oil-price shock that&rsquo;s driving inflation beyond the bank&rsquo;s limit while also threatening to damp economic growth.

ECB keeps key interest rate at 1% as Trichet faces oil shock

The Central government, after much delay, has finally decided to provide Rs 1,200 crore, in the form of guarantee, to the debt-ridden National Agricultural Cooperative Marketing Federation (Nafed).

Rs 1,200-cr Central guarantee for debt-ridden Nafed

The per capita bank deposits in Orissa has grown significantly over the past three years and is fast catching up with the national average.

Per capita bank deposits in state catching up with national average

Axis Bank, which acquired Enam&rsquo;s investment banking business last year, has roped in high-profile mutual fund executive Nilesh Shah to lead the private sector lender&rsquo;s initiatives in the investment banking space.

Axis Bank ropes in Nilesh Shah to lead i-banking initiatives

With liquidity deficit, rates of such deposits may rise further.

One-month deposit rates hit 10%

Stringent norms on Credit Default Swap (CDS) for corporate bonds, as prescribed by the Reserve Bank of India (RBI), may limit development of the market, bankers said. Other than some technical fine-tuning, the instrument may also face the problem of regulatory overlap.

Stringent norms could limit CDS market growth

Public-sector lender Indian Bank today said it aims to expand its branch strength by adding 100 branches across the country by next financial year.

Indian Bank to add 100 branches, come with IPO

PSU lender Oriental Bank of Commerce (OBC) today raised fixed deposit rates up to 50 basis points on two select maturities.

Oriental Bank raises FD rates on two maturities by 50bps

National Bank for Agriculture and Rural Development (Nabard) has paved ways for some major irrigation projects in Madhya Pradesh with a sanction of Rs 84.99 crore. Two irrigation projects known as Indira Sagar and Omkareshwar canal projects have been cleared by the bank under rural infrastructure development fund.

Nabard sanctions funds to MP

The new law to regulate the microfinance sector may make similar state legislation null and void.

New MFI Bill to leave no space for state laws

Public sector Bank of India (BoI) is set to re-enter the mutual fund business. It is close to buying a 51 per cent stake in Bharti AXA Investment Managers.

Bank of India set to buy 51% in Bharti AXA MF

Global bankers and economists on Friday slammed the Basel liquidity proposals and different approaches by regulators to modify the Basel capital requirements.

Bankers trash Basel-III rules on rigidity

Axis Private Equity (PE), which is on a restructuring mode, saw the exit of its Director, William Knight, today. Knight was part of the company&rsquo;s fundraising team and had joined the board in 2008. On March 1, Axis PE &mdash; a 100 per cent subsidiary of Axis Bank &mdash; had appointed Arun Prakash S Korati as the acting CEO. Korati replaced Alok Gupta, managing director and CEO, who resigned for personal reasons.

Axis PE&#39;s UK director quits

Banks are having a tough time in the last month of the financial year.

Deposit market faces crisis of expectations

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