Home loan rates hit 10%, as do preferred corporate loans.

Double-digit lending rates are back, early respite unlikely

Business Standard

With inflation still at elevated levels, banks and key decision makers are bracing for an increase of up to 50 basis points (bps) in key policy rates.

Banks expect up to 50 bps rise in policy rates

The guidelines for initial public offers (IPOs) by life insurance companies would be released early next month, the Insurance Regulatory and Development Authority (Irda) said on Wednesday. Non-life insurers might have to wait for a few more months, though.

Norms for life insurers' IPOs next month, says Irda

PEs confused over fixing conversion price and ratio fixed upfront.

New FDI policy on convertibles hits private equity deal-making

Mitsui &amp; Co is in talks to acquire the remaining stake it doesn&rsquo;t already own in Brazilian grain broker Multigrain SA from CHS Inc and another shareholder, two people familiar with the discussions said.

Mitsui in talks to buy broker Multigrain

After receiving a tepid response last year, Infrastructure Development Finance Company (IDFC) is all set to raise Rs 2,928 crore via the second tranche of its infrastructure bonds.

IDFC aims to raise Rs 2,928 crore via infra bonds

American International Group (AIG), the insurer repaying a United States bailout, agreed to sell Nan Shan Life Insurance Co to investors led by Ruentex Group for $2.16 billion in the second attempt to dispose of its Taiwan unit.

AIG to sell Nan Shan in Taiwan for $2.16 billion

The National Bank for Agriculture and Rural Development (Nabard) is set to launch a slew of initiatives under its repositioning exercise launched last year.

Nabard to launch a slew of initiatives under repositioning exercise

Andhra Bank has introduced a new term deposits scheme &lsquo;Pattabhi Plus&rsquo; at 9.1 per cent per annum for a tenure of 500 to 1,000 days. It also increased interest rates from 7.5 per cent to 8 per cent for a maturity period of six months to less than one year on amounts less than Rs 50 lakh. The interest rate has been revised from 8 per cent to 8.5 per cent for deposits for one year to less than two years and to 8.6 per cent for deposits of three to five years&rsquo; tenure. It will offer 0.5 per cent extra for the senior citizen on all term deposits, according to a bank release here on Wednesday.

Andhra Bank's new deposit scheme

Bharti, Vodafone sign deals for mobile banking with SBI and ICICI, respectively.

Lenders, telcos partner for greater rural reach

The Gurgaon police have roped in a battery of chartered accountants to assist them in the multi-crore Citibank fraud case.

Citibank fraud: Police rope in chartered accountants

The Reserve Bank of India (RBI) has decided to give new banking licences to create more capacity and competition in the Indian banking space but the right size is yet to be determined. &ldquo;The right size of a bank remains a debate for the industry,&rdquo; said Deputy Governor Subir Gokarn .

Right size of a bank remains a debate for industry: Gokarn

The Royal Bank of Scotland has appointed Madan Menon as Singapore country executive to drive its wholesale and investment banking franchise across India and Southeast Asia.

Madan Menon to lead RBS Singapore ops

Press Trust of India

HDFC Ltd Chairman Deepak Parekh today said RBI is expected to raise key short-term rates by 25-50 basis points later this month, contending it had no link with food inflation and was likely to hurt growth.

RBI likely to hike rates, to hurt growth: Parekh

HDFC Ltd Chairman Deepak Parekh today blamed the Rs 400-crore Citibank fraud to absence of specific guidelines for wealth management and expected regulators to come out with norms in this regard.

Lack of wealth mgt guidelines cause for Citibank fraud: Parekh

The yuan traded close to a 17-year high today after the US made renewed calls for China to let its currency rise ahead of President Hu Jintao&rsquo;s visit to Washington next week.

Yuan rises to near 17-year high as US ratchets up pressure on China

A Gurgaon court today denied anticipatory bail to Raghuraj Puri, the father of the main accused in the Citibank multi-crore financial fraud Shivraj Puri.

Court denies anticipatory bail to Sr Puri in Citi fraud

Insurers must divulge rural biz details, among other things, before FDI limit hike.

Parliament panel raises issue of rural reach on FDI cap bill

Rates on short-term money market instruments rose 5-10 basis points (bps) today as investors were cautious ahead of the Reserve Bank of India&rsquo;s policy review on January 25, dealers said.

Short-term debt rates up 5-10 bps

Inordinate delays by the government in making appointments for crucial posts in Reserve Bank of India and State Bank of India have resulted in slower policy decision-making.

Delays in RBI, SBI appointments slow down policy decision-making

The Reserve Bank of India (RBI) is likely to create a separate category in the non-banking finance company (NBFC) space to include more microfinance institutions (MFIs) for regulation.

RBI mulls new category to regulate more MFIs

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