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

Press Trust of India

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

The total value of transactions carried out using cheques across the country amounted to Rs 8.53 lakh crore in October, down six per cent compared with the same month last year.

Value of cheque transactions down 6% in Oct: RBI

Snapping its two-session gaining string, the rupee today settled down by 16 paise at 52.86/87 against the dollar due to fresh demand for the US currency from importers amid weak local stocks markets.

Rupee loses 16 paise/$, snaps two-day gaining string

The Reserve Bank of India (RBI) today allowed microfinance institutions (MFIs) to raise up to $10 million through external commercial borrowings (ECBs), as against the earlier limit of $5 million, a move that will widen their fund raising sources.

RBI allows MFIs to raise $10 mn through ECBs

The Reserve Bank of India (RBI) today asked banks to strictly follow the Know-Your-Customer (KYC) norms or Anti-Money Laundering (AML) standards, failing which it will take penal action.

Follow KYC norms or face penalty, RBI tells banks

Senior officials say banks are indifferent towards funding development projects.

State govt flays bankers for laxity

Business Standard

State Bank of India (SBI) chairman Pradeep Chaudhary and managing director Krishna Kumar are arriving in Lucknow tomorrow on a two-day official visit. Mr Chaudhary will inaugurate the meeting of SBI general managers. He would also launch the defence banking branch here.

SBI MD, chairman to visit Lucknow

Foreign lenders may have to wait longer for wholly owned subsidiary model guidelines.

RBI offers new branch licences to StanChart, Deutsche Bank

Hongkong and Shanghai Banking Corporation (HSBC) is likely to cut jobs in India, as part of its plan to lay off 30,000 employees globally, according to sources. The move is aimed at reducing costs and improving efficiency.

HSBC to cut jobs in India

Mid-sized private banks are looking to strengthen their non-resident deposit bases by offering higher rates. This follows the Reserve Bank of India (RBI) deregulating interest rates on these deposits.

Mid-size private banks hike rates to increase NRI deposit base

Government bond prices firmed up further on sustai-ned buying support from banks and companies.

Bonds firm up on buying support

Finance cost to the total production cost sees sharp jump over past 2 yrs.

RBI's pause on key rates worries SMEs

A &ldquo;satisfactory relationship&rdquo; for at least 3 years with a commercial bank, authorised to deal in foreign exchange, will be required.

MFIs can raise up to $10 mn via ECBs

Yields of government bonds coming off after the monetary policy announcement by the Reserve Bank of India (RBI) has led to a spurt in the country's fixed-income markets, as finance companies plan to hasten fund-raising plans. Several finance companies would issue non-convertible debentures (NCDs) this month by giving attractive coupon rates.

Decline in G-sec yields boosts fixed-income mkt

Milind Kharat and G Srinivasan have been shortlisted for the post of GIC Re chairman.

Govt shortlists 2 for post of GIC Re chairman 

Rural Electrification Corporation (REC) plans to raise at least Rs 1,000 crore through a tax-saving bonds issue in the third week of December, with an option to raise more in case of oversubscription. The investors can subscribe for the bonds till March.

REC bond issue in third week of December

India Infrastructure Finance Company (IIFCL) on Monday said the government has approved major modifications in take-out financing scheme to make it attractive to banks and borrowers.

Govt tweaks take-out financing guidelines

Such infrastructure debt funds (IDFs) are expected to address the long-term financing needs of infrastructure projects and fast-track them.

IIFCL to set up $1-bn infra debt fund via mutual funds by Feb

The rupee bounced back from the day's low on Monday, buoyed by dollar sales from some local companies. However, weakness in local equities, along with strong demand for the dollar due to worries that North Korean leader Kim Jong-il&rsquo;s death could spark political instability in the region, kept the local currency on the edge, traders said.

RBI crackdown on speculation stabilises rupee's volatility

The Reserve Bank of India (RBI) has imposed penalties on 19 commercial banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank and Citibank, for violating norms on derivatives, the Parliament was informed today.

RBI penalises 19 banks for flouting derivative norms: Meena

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