European Central Bank (ECB) President Jean- Claude Trichet warned governments not to rely on the ECB to get Europe out of its debt crisis and urged them to step up efforts to tighten fiscal rules.

ECB can't aid irresponsible govts: Trichet

Business Standard

Days after the Reserve Bank of India (RBI) clamped down on the main conduit Indian companies use for paying Iranian oil, State Bank of India (SBI) has refused to facilitate payments through an alternate temporary channel, a move that can halt import of oil from Iran.

SBI refuses LCs for Iran oil

Press Trust of India

Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath today said the central bank was not keen on allowing banks to guarantee corporate bonds.

Not keen on banks guaranteeing corporate bonds, says Gopinath

It may be a routine 'risk factor' disclaimer, but global giant Citibank has acknowledged that it runs the risk of possible fraud by its employees and internal controls may not always be effective.

We run risk of employee fraud: Citibank disclaimer

Fearing possible flow of black money into the system through jewellers and bullion dealers, RBI has asked banks to treat such entities as 'high risk' customers and subject their accounts to strict monitoring.

Jewellers, bullion dealers high-risk customers: RBI to banks

The Enforcement Directorate has sought a copy of the FIR filed by the police on the Rs 400 crore Citibank fraud with a view to lodge a separate case of money laundering against the perpetrators of the scam.

Citi fraud: ED seeks FIR, may file money laundering case

International Monetary Fund First Deputy Managing Director John Lipsky said US government finances will present policy makers with a &ldquo;major challenge&rdquo; for years.

US govt's finances a 'major' policy challenge: IMF's Lipsky

The Enforcement Directorate has sought a copy of the FIR filed by the police on the Rs 400-crore Citibank fraud with a view to lodge a separate case of money laundering against the perpetrators of the scam.

With a little improvement in liquidity conditions, the interest rate in the interbank overnight market may open steady tomorrow and ease later in the week.

Call rate may ease later on improved liquidity

Fearing possible flow of black money into the system through jewellers and bullion dealers, the Reserve bank of India (RBI) has asked banks to treat such entities as &lsquo;high risk&rsquo; customers and subject their accounts to strict monitoring.

Jewellers, bullion dealers high-risk customers: RBI

The Income Tax Department may conduct a probe of its own into the Rs 400-crore fraud exposed at Citibank&rsquo;s Gurgaon branch to ascertain if black money found its way into the ponzi scheme designed by Relationship Manager Shivraj Puri.

I-T Dept likely to probe source of funds

Financial services group Edelweiss Capital today said its subsidiary is targeting to lend about Rs 5,000 crore for retail housing over the next five years by expanding into newer cities.

Edelweiss plans to lend Rs 5,000 cr for retail housing

Liquidity pressures to top agenda of RBI&rsquo;s meeting with bankers.

Interest rates may rise by 25-50 basis points: SBI

After raising Rs 285 crore from private equity and venture capital firms, Star Health Allied Insurance, the country&rsquo;s first standalone insurer, plans to enhance its capital by another Rs 120 crore to achieve its premium collection target of Rs 2,000 crore. The company also hopes to make an underwriting profit this year.

Star Health plans to increase capital by Rs 120 crore

Germany may soften its opposition to expanding the region&rsquo;s 750 billion-euro ($966 billion) rescue facility as Belgium&rsquo;s political deadlock sent borrowing costs surging and the European Central Bank bought Portuguese bonds.

Germany may soften objections to fund increase as bonds drop

Treasury gains, deposit growth expected to be lower.

Costly funds to haunt banks in third quarter

After carrying out a comprehensive health check-up of the financial sector in 2009, India has sought an assesment under the Financial Sector Assessment Programme (FSAP) of the International Monetary Fund (IMF) and the World Bank.

India seeks financial sector audit by IMF, World Bank

Wall Street banks are cutting their holdings of Treasuries at the fastest pace since 2004 as the world&rsquo;s biggest bond firms bet that the economy will strengthen and demand for higher-yielding assets will increase.

Wall Street dumps most Treasuries since 2004

Rural Electrification Corp and Union Bank of India are reviving bond sales to international investors after the market shut in December, as Indian dollar-denominated bond yields fall from a five-month high.

India Inc CFOs spark global bond sales as dollar rates nosedive

Amid liquidity squeeze and a higher-than-expected credit offtake, bankers today requested the Reserve Bank of India (RBI) to slash the CRR and SLR in its upcoming Third Quarter Review of Monetary Policy 2010-11 on January 25, besides keeping the key policy rates unchanged.

Bankers ask RBI to cut CRR, SLR in policy review

Private sector lender IndusInd Bank today announced an increase in fixed deposit rates by up to 175 basis, or 1.75 per cent, in line with other banks.

IndusInd Bank hikes deposit rates by up to 1.75%

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