The growth in education loan disbursals has slowed, owing to the high base effect and few students opting for foreign education, said bankers.

Education loan growth slows, rupee fall may add to woes

Business Standard

The rupee&rsquo;s recent fall is likely to support the profits of about 70 per cent of the companies rated by rating agency Standard &amp; Poor&rsquo;s (S&amp;P).

S&P: Exporters to benefit from rupee's decline

RBI would provide a line of credit to the SPV; state govts would have to repay the loans.

An SPV to buy bad debts of discoms

Morgan Stanley, the financial firm whose shares have declined 45 per cent this year, plans to cut about 1,600 jobs amid an industry-wide drop in revenue from investment banking and trading.

Morgan Stanley to cut 1,600 jobs on revenue loss

ITNL, the highways subsidiary of IL&amp;FS, is set to raise $100 million or 630 million reminbi, through a yuan-denominated bond issue. The issue may be carried out at the Hong Kong Stock Exchange in January.

ITNL to raise $100 million through yuan bonds

About 75 women executives streamed up the marble staircase of the Harold Pratt House on Park Avenue in New York last month to a ballroom with cathedral ceilings and antique chandeliers.

Banks woo wealthy women CEOs

The National Bank for Agriculture and Rural Development (Nabard) has pegged Rs 77,803.49 crore as the potential bank credit for 2012-13 in Tamil Nadu.

Nabard pegs TN credit outlay at Rs 77,803 cr

A fall in Reliance Industries Ltd&rsquo;s gas output at its KG D6 block is due to it drilling fewer number of wells than promised and stoppage of production at six wells, the government said today. &ldquo;The Directorate General of Hydrocarbons (DGH) has reported that the reasons for the decline in gas production from D1 and D3 is due to drilling of only 22 wells, as against the 31 producing wells approved for drilling up to March, 2012 as per the field development plan,&rdquo; Petroleum minister Jaipal Reddy told the Lok Sabha.

Drilling less wells led to output drop

Curbs currency forwards, cuts banks&rsquo; forex trading limits to stop speculation, intervenes in forex market.

RBI steps in to arrest rupee depreciation

Concerned over economic slowdown, the Reserve Bank today kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a close vigil on inflation.

RBI keeps key rates unchanged

Press Trust of India

Reserve Bank Governor D Subbarao today said he cannot speculate on when he will start cutting policy rates, but assured that the central bank will ensure that there is enough liquidity in the system by conducting open market operations.

Can't speculate on cuts, will ensure enough liquidity: RBI

The Insurance Regulatory Development Authority (Irda) today said it would take steps to introduce an electronic re-insurance platform for insurers and both Indian and foreign re-insurers.

Irda to develop electronic re-insurance platform

Seven banks, including Citigroup and Deutsche Bank, have had their long-term issuer default ratings cut by the agency.

Fitch downgrades BofA, Goldman and five others 

Public sector State Bank of India (SBI) has collaborated with Indian Institute of Management, Lucknow (IIM-L) for training its top corporate and industrial clients in Uttar Pradesh.

SBI, IIM-L tie-up to train corporate clients in UP

To facilitate tribal community residing in Bargi dam backwater, Jabalpur revenue division State Bank of India on Friday donated India's first river ambulance (mini floating hospital) to an non-government organisation Narmada Samagra.

SBI floats India's first river ambulance

Disapproving of the huge discounts offered by general insurance companies in the face of increasing competition, the Insurance Regulatory and Development Authority (Irda) today said such unhealthy marketing practices could lead to financial trouble for the companies.

Irda warns GICs on unhealthy marketing

Pointing to shortcomings in the quality of bank audits, the Reserve Bank of India (RBI) has said financial statements certified by accountants show lower non-performing assets than is actually the case.

Audited bank books understate bad loans: RBI

The total value of transactions carried out using cheques across the country amounted to Rs 8.53 lakh crore in October, down 6% vis-a-vis the same month last year.

Value of cheque transactions dip 6% in Oct: RBI

Credit flow to microfinance institutions (MFIs) will be adequate in future with the new regulations, said member of Financial Sector Legislative Reforms Commission (FSLRC) Y H Malegam.

Credit flow to MFIs will now improve, says Malegam

Customer protection should be the highest priority of all financial institutions. It is vital for the overall financial stability, Reserve Bank of India Deputy Governor Anand Sinha said here today.

Customer protection vital: Sinha

Yields on government securities are likely to fall further in the coming weeks due to the announcement of liquidity-easing measures by the Reserve Bank of India (RBI) in its mid-term policy review on Friday, treasury officials say.

Yields on govt bonds to ease further

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