A bankers organisation today said the Reserve Bank of India's (RBI) proposal to deregulate interest rate on savings bank accounts, if implemented, will adversely impact the &quot;stability&quot; of the sector.

Savings a/c interest deregulation to hurt bank stability:IBA

Press Trust of India

Gives no reason for Gurumani&rsquo;s termination, but says financial irregularities not an issue.

SKS Microfin sacks CEO; shares tank

Business Standard

RBI, banks also discuss deregulation of the savings interest rate.

Bankers see loan, deposit projections beyond reach

Demand from mutual funds&mdash;who are the major investors in short-term money market instruments&mdash;fell on Monday as most of them preferred to stay on the sidelines as the rates have been falling since last week, dealers said. On Monday, Punjab National Bank placed three-month CDs at 7.17 per cent, up 28 bps since last week.

Short-term debt issue down

IDBI Bank is in the process of raising as much as $200 million in syndicated loans from overseas.

IDBI raising $200 mn in overseas loans

The Reserve Bank of India (RBI) will avoid intervening in the foreign-exchange market for the 11th consecutive month, as the relative strength of the rupee, Asia&rsquo;s second best-performer in September, helps curb inflation.

Subbarao avoids intervention in inflation fight

Scheme to help sector attract funds from pension and insurance companies.

IIFCL set to back long-term bonds of infra firms

The Institute of Chartered Accountants of India (ICAI), the national standard setting body of auditors, has proposed comprehensive changes to the current accounting practices in commercial banks to make bank audits foolproof and effective.

ICAI seeks changes in accounting practices in commercial banks

UBS AG and Credit Suisse Group AG need to hold almost double the capital required under Basel III rules, said a Swiss government-appointed panel, proposing the first capital surcharge on too-big-to-fail banks.

Top Swiss banks must double capital need under Basel III

The government is likely to decide on implementing the Khandelwal committee report on human resources (HR) issues in public sector banks (PSBs) over the next one month.

Govt to take a call on Khandelwal committee report soon

IDBI Federal Life Insurance said on Monday it was aiming at a 70 per cent growth in total premium collections during the current financial year.

IDBI Fed looking at 70% growth in  premium income

State-owned Bank of Baroda and private lender Development Credit Bank Ltd (DCB) both announced a hike in their benchmark lending rates by 50 basis points today.

Bank of Baroda and DCB hike base rates

Development Credit Bank today revised its base rate to 8.25 per cent per annum from the earlier base rate of 7.75 per cent per annum.

DCB revises it base rate to 8.25%

Country's largest private lender ICICI Bank today said it has no immediate plan to raise fund by issuing overseas bonds.

No immediate plan to raise fund via overseas bonds: ICICI

The leading lender ICICI Bank today effected a 25 basis points increase in its base rate to 7.75 per cent, a notch above its immediate rival HDFC Bank, whose revised lending rate stands at 7.50 per cent.

ICICI Bank ups lending rates by 25 bps

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn today hinted at responding to the continuing surge in capital inflows if it leads to any disruptions.

Excess forex flow may need attention: Gokarn

KKR signs 2 debt deals, while ICICI Ventures&rsquo; mezzanine funds invest in 3 deals.

Private Equity funds turn to debt

Private equity (PE) firms invested about $2,047 million across 88 deals during the quarter ended September 2010, according to a study by Venture Intelligence, a Chennai-based research firm focused on private equity and M&amp;A transaction activity in India.

PE investments more than double in Sept quarter

A day after the board of SKS Microfinance abruptly terminated the 22-month appointment of Suresh Gurumani as its managing director and chief executive officer, its brass was focusing on the pressing job of assuaging the concerns of stakeholders.

After CEO's expulsion, SKS reassures stakeholders

The upturn in global private equity-backed deal activity continued for the third consecutive quarter this year, with transactions in the space amounting to $66.7 billion, according to a study.

PE-backed buyout deals touch $67 bn

ICICI, Bank of Baroda, HDFC Bank follow RBI cues.

More banks raise base rates

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