Bangalore-headquartered public sector lender Vijaya Bank has entered into an agreement with global money transfer company MoneyGram to offer money transfer services at all branches of the bank.

Vijaya Bank ties up for money transfer

Business Standard

Closes at 44.41 per dollar, compared to 44.44 on Friday.

RBI's 'intervention' caution calms rupee

The rally in rupee, Asia&rsquo;s best performer in the past month, is showing no signs of slowing as record share sales by companies spur global money managers to add to unprecedented investments in the nation&rsquo;s stocks.

Re rally best in Asia as demand for IPOs soars

LIC HFL Financial Services, a subsidiary of housing mortgage lender LIC Housing Finance, on Monday tied up with public sector insurer United India Insurance for distribution of non-life products of the latter.

LIC arm, United India tie up for bancassurance

Three months after the base rate regime to price loans began, only a handful of customers have shifted to it from the erstwhile benchmark prime lending rate (BPLR) system.

Banks find it pays to keep BPLR loans

A stronger credit growth in the busy season may intensify competition among banks to raise resources, pushing up deposits rates by 50 to 100 basis points, according to Crisil Ltd.

Deposit rates may rise 50-100 bps in H2: Crisil

Owing to a strong growth in interest income, private sector lender, IndusInd Bank reported a 71 per cent increase in its net profit at Rs 133.15 crore for the quarter ended September 30, compared to Rs 77.82 crore a year ago.

IndusInd Bank Q2 net up 71%

SKS Microfinance Limited on Monday said the board resolution passed on October 4, terminating Suresh Gurumani's employment with the company as the managing director and chief executive officer (CEO)with immediate effect, continued to be valid.

Resolution removing Gurumani valid: SKS

China&rsquo;s central bank unexpectedly and temporarily raised reserve requirements for six large commercial banks, reining in liquidity as the economy stabilizes and money flows in from abroad, according to a Reuters report.

China raises big banks' reserve ratios

Amid concerns within the Reserve Bank of India (RBI), about it being overshadowed by a super regulator, a government official said the proposed Financial Stability and Development Council (FSDC) will not dilute the central bank&rsquo;s autonomy.

FSDC may not dilute RBI's autonomy

Press Trust of India

The issue of managing capital flows is likely to come up for discussion in the next meeting of the high level coordination committee (HLCC) comprising representatives of regulatory agencies and finance ministry officials.

Capital flows on HLCC meeting agenda

State-owned Punjab National Bank (PNB) today said it hopes to complete the acquisition of the Kazakhstan-based Dana Bank by the end of current fiscal.

PNB expects acquisition of Kazak bank by March 2011

Private sector lender Axis Bank today said that it expects to grow ahead of the banking sector with 25 per cent rise in credit this fiscal.

Axis Bank expects credit growth of 25% in FY11

Public sector Dena Bank, today said that it has increased interest rates on its domestic term deposits by 0.25-0.50 per cent for various maturities.

Dena Bank ups deposit rates, maintains base rate at 8.25%

Private sector lender Axis Bank today said it has received approval from the Reserve Bank of India (RBI) to set up a subsidiary in the UK, as well as permission to upgrade its Shanghai representative office into a branch.

Axis Bank gets RBI nod to set up UK arm

Western Union and State Bank of India today said that SBI account holders will soon be able to route overseas money transfers directly into their bank accounts using just their mobile phones.

Western Union, SBI to launch mobile money transfer service

India Infrastructure Finance Co Ltd (IIFCL) on Tuesday launched its takeout financing scheme, aiming to take over Rs 3,000 crore of banks&rsquo; infrastructure loans by March.

IIFCL launches takeout financing scheme

The growth of industrial production in the month of August remains in the broader trend of the annual growth, even though it shows a sharp drop from the previous month and is also lower than the average expectations, analysts say.

August IIP fall may not influence RBI on rates

The Andhra Pradesh government plans to come out with an ordinance to regulate the activities of microfinance institutions (MFIs) amid reports that these institutions were collecting &lsquo;exorbitant&rsquo; interest rates and using coercive methods to recover loans extended to the poor.

Andhra to issue ordinance to regulate MFIs

The 2010 calendar year is being described as the best for private equity (PE) since 2007. As capital markets return to their former glory, things gave got better for PE investors.

Strong markets allow PEs to both exit and invest

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2527 - Finance News