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

Press Trust of India

Promoters offer Rs 2,400-crore personal guarantee, retain management control; ICICI to transfer exposure.

Lenders okay GTL debt recast

Business Standard

Bank will charge floating rates of interest from January.

SBI's teaser home loans set to pinch borrowers more

Taking advantage of falling yields, the Power Finance Corporation (PFC) would look to raise Rs 4,000 crore through tax-free infrastructure bonds in the last week of December. The power sector lender is mulling the coupon it would be offered in a falling interest rate scenario.

PFC to launch tax-free bonds

Mounting interest from global private equity firms to set up presence in India brings more opportunities for local PE veterans. The latest is Alok Gupta, former CEO at Axis Private Equity Ltd, joining US-based Gerken Capital Associates as senior advisor and managing director (India) to head its EMF-VII, an emerging markets private equity fund of funds.

Ex-Axis PE chief Gupta joins Gerken Cap

RBI has given enough signals for banks not to hold speculative positions.

Rupee closes flat curbs on speculation show effect

The consolidation &mdash; mergers and acquisition &mdash; of small microfinance institutions (MFIs) struggling to raise money would help address the problems of the ailing sector, said Reserve Bank of India (RBI) deputy governor, K C Chakrabarty.

'Merger of small MFIs will help ailing sector'

Call rates in the interbank overnight borrowing market hardened, reflecting the pressure on liquidity, as advance tax funds went out of the system.

Call rates harden on tight liquidity

Asia would become a major hub for corporate and investment banking in five years, according to a report released by McKinsey.

Asia to be fastest growing wholesale banking hub by 2015: McKinsey

National Bank for Agriculture and Rural Development on Tuesday said it had earmarked Rs 2,000 crore for building warehouses to help facilitate distribution of foodgrain under the proposed Food Security Act.

Nabard earmarks Rs 2,000 crore for warehousing

State Bank of India chairman Pratip Chaudhary on Wednesday said the lower credit deposit (CD) ratio in Uttar Pradesh would actually appear much higher, if another dimension was considered.

Lower CD ratio in UP has another dimension: SBI chief

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

RBI's pause on key rates worries SMEs

The rating upgrade on domestic government bonds by Moody&rsquo;s will have limited impact on the banking sector and investment outlook, according to bankers and market analysts.

Limited impact: Bankers

The increasing current account deficit, a dip in capital inflows and rising inflation have brought the rupee closer to its real value. The real effective exchange rate (REER) index, which reflects the fundamental strength of the Indian currency, had declined from 116.67 for June to 103.52 in end-November, a fall of 11 per cent.

CAD, inflows, inflation push Re towards real value

The rupee bucked the weakening trend, as dollar inflows and a strong performance in the domestic share market helped the currency gain 0.7 per cent against the dollar on Wednesday. The rupee closed at 52.5 against the dollar, after trading in a narrow range of 52.45-52.80 on Wednesday.

Rupee gains on dollar inflows

Europe&rsquo;s debt crisis has increased the risk of govt and bank defaults, making institutions wary of lending to each other.

ECB lends EU banks $645 for 3 years

Institutions have been borrowing over Rs 1.5 lakh crore daily via repo window.

Banks can use SLR holdings to borrow more, says RBI

EFG International, the Zurich-headquartered global private banking group that manages $20 billion, is reviewing its India business. The company, which offers private banking and asset management services, manages around $500 million in India.

EFG International puts Indian ops under scanner

The Federal Reserve's plan to boost supervision for U.S. banks stopped short of setting minimum liquidity levels and delayed decisions on risk-based capital and leverage until international regulators weigh in.

Fed 'punted' on capital, liquidity limits

Private sector lender Yes Bank today raised its savings deposit rates by 100 basis points to 7% for domestic customers.

Yes Bank raises savings rate to 7%

Private sector lender Lakshmi Vilas Bank has hiked interest rate on Non-Resident External (NRE) term deposits with immediate effect.

Lakshmi Vilas Bank hikes rates on NRE term deposits

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