Canara Bank has raised $350 million (Rs 1,575 crore) through issue of senior unsecured bonds under its medium-term note programme via its London branch, the bank said in a filing on Friday. The bonds have a coupon rate of 5.1 per cent per annum with a tenure of 5.5 years.

Canara Bank raises $350 mn

Business Standard

Finance Minister Pranab Mukherjee today met Sebi officials, including its new chairman UK Sinha here, and reviewed the activities of the market regulator.

Mukherjee meets Sebi Board members

Press Trust of India

The recent Citibank fraud has made the government review the regulatory issues regarding wealth management and private banking services offered by the banks.

Wealth management under FSDC radar

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

Indian Bank to add 100 branches, come out with IPO by next year

State-owned Allahabad Bank has launched enrolment for Unique Identification Number Aadhaar project of UIDAI.

Allahabad Bank starts registration for Aadhaar

A greater regulatory oversight and additional safeguards against any crisis situation may be underway for the country's large financial sector entities, which are considered to be 'too big' in size in terms of their exposure and marketshare in the entire system.

'Too big to fail' fin conglomerates may face more scrutiny

A new set of rules are underway for an estimated $1-trillion wealth management industry and banking regulator the Reserve Bank of India (RBI) and capital market watchdog the Securities and Exchange Board of India (Sebi) may be made jointly responsible for implementing these regulations and keeping a watch for any violations.

New rules soon for wealth managers; RBI, Sebi to get more teeth

Union Bank of India, one of India's leading public sector banks, is betting big on alternate delivery channels like online banking, phone banking, mobile banking, ATMs and banking correspondents to drive its operational growth.

Alternate channels to drive union bank growth

Karur Vysya Bank (KVB) plans to increase the ceiling of holding by&nbsp;foreign instutional investors (FIIs), non resident Indians (NRIs) and&nbsp;foreign direct investments (FDIs) in the equity share capital of the&nbsp;bank to 35 per cent from the current 24 per cent. The move comes in the wake of a recent approval the bank got from Foreign Investment Promotion Board to issue shares worth Rs 107.50 crore to foreign investors.

KVB to raise foreign holding cap to 35 pc

The India branch of American Express Banking Corp has signed a distribution tie-up with Chennai-based public sector bank, Indian Overseas Bank (IOB), to provide its credit card services through the latter's distribution network.

Amex in credit card tie-up with Indian Overseas Bank

Financial Inclusion drive initiated by the government would bring in 80% of households into formal banking network in the next 5 years from the existing level of 47%.

80% households to be linked to banking network in 5 yrs: CII

The government will infuse Rs 1,740 crore in Oriental Bank of Commerce (OBC) as recapitalisation package to shore up the bank's equity capital.

Govt to infuse Rs 1,740 cr in Oriental Bank

National Bank for Agriculture and Rural Development has sanctioned Rs 22.90 crore to Haryana under the Rural Infrastructure Development Fund for constructing 33 veterinary hospitals and 103 veterinary dispensaries in 16 districts.

Nabard sanctions Rs 23 cr to Haryana

The Reserve Bank of India has penalised three cooperative banks in Gujarat with non adherence to RBI norms out of which two have also been charged for not following the anti-money laundering (AML) guidelines.

Three co-op banks penalised for violating RBI norms

Volatility in domestic share market acting as catalyst.

HNIs scout investment oppotunities overseas

The Reserve Bank of India has allowed interest rate futures (IRFs) trading on 91-day Treasury Bills (T-Bills).

RBI allows IRFs on 91-day T-Bills

Following Andhra Pradesh&rsquo;s example, the Bihar government was mulling over a legislation for regulating and effectively controlling MFIs in the state, Deputy Chief Minister S K Modi told the state assembly. To a supplementary question, he said there were no RBI guidelines in place to rein in the activities of such financial institutions and, keeping this in mind, the centre was planning to bring a bill for regulating the same. He said his government was mulling over a law to effectively regulate and control MFIs.

Bihar eyes legislation for MFIs

UBS AG, Switzerland&rsquo;s biggest bank, named Matthew Grounds and Simon Warshaw joint global heads of its investment banking division after John Wall retired.

UBS names joint global heads for i-banking unit

Karur Vysya Bank (KVB) may increase the ceiling of holding by foreign institutional investors (FIIs), non-resident Indians (NRIs) and foreign direct investments in the equity share capital of the bank from 24 per cent to 35 per cent.

Karur Vysya Bank to raise foreign equity holding cap

Companies going back to banks as base rates are lower than prevailing CP rates.

Commercial paper issuances fall as liquidity remains tight

The Reserve Bank of India (RBI) has formed a working group to examine issues pertaining to the regulation of non-banking financial companies (NBFCs). The group will be headed by former Reserve Bank deputy governor Usha Thorat.

RBI working group under Thorat to study NBFC issues

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