The National Highways Authority of India (NHAI) plans to raise Rs 10,000 crore through tax-free bonds.

NHAI set to raise Rs 10,000 cr through tax-free bonds

Business Standard

The Reserve Bank of India (RBI) on Monday deregulated interest rate on savings accounts in all state and central co-operative banks, a move that would fetch better returns for depositors.

Co-op banks: Interest on savings a/c freed 

Press Trust of India

Acquiring land in states such as Goa, West Bengal and Kerala was a concern, a senior National Highways Authority of India (NHAI) official admitted on Monday. &ldquo;There are a lot of houses around the area in which the highway was supposed to be built in Goa. So, the issue is not political, but local,&rdquo; said Jagdip Singh, member (finance), NHAI. Recently, NHAI had to cancel awarding a four-laning project to IRB Infrastructure along the Panaji highway.

Land acquisition remains a concern, says NHAI

Kolkata-based United Bank of India plans to raise Rs 200 crore by selling lower Tier-II bonds in a private placement this week. The amount includes an option to allot additional shares worth Rs 100 crore. The bank would pay a coupon rate of 9.2 per cent for the bonds, which mature in ten years.

United Bank of India to raise Rs 200 cr via Tier-II bonds

When Werner Rueegg managed wealth for clients of Credit Suisse Group AG, Oswald Gruebel, who became chief executive officer at the Zurich-based bank, promised to make him rich.

Swiss bankers' millionaire dreams fade

Bigger players tap non-deliverable forwards market to make a killing.

India Inc milks weak rupee through overseas trades 

The country's largest lender State Bank of India (SBI) and a few other banks, including Kotak Mahindra Bank, today announced a sharp hike in interest rates offered on non-resident external (NRE) deposits.

SBI, Kotak Mahindra hike NRE deposit interest rates

The rupee today closed lower by 31 paise at Rs 53.02/03 against the US currency on fresh month-end dollar demand from importers amidst weakness in local equity market.

Rupee ends lower by 31 paise vs dollar

Analysts say German Chancellor&rsquo;s prescriptions for growth will not create a fiscal union.

Euro trajectory may make or break Merkel 

However, premium collected by general insurers rises 24%.

Life insurance premium mop-up down 19% in Apr-Nov 

LIC Housing Finance Ltd plans to raise up to Rs 8,000 crore in the last quarter of the current financial year.

LIC Housing Fin to raise Rs 8K crore in fourth quarter

Banks will have to set aside extra capital for equity investment in financial entities, even if the latter were exempted from capital market exposure norms.

Tighter rules for bank equity in financial entities

To tide over the liquidity crisis, the Reserve Bank of India (RBI) today announced it would purchase government securities worth Rs 12,000 crore on Thursday through open market operations (OMOs).

RBI to buy Rs 12,000 cr of govt securities

State Bank of India&rsquo;s proposed joint venture with Bharti Airtel has fallen through after the Reserve Bank of India expressed apprehensions over letting a telecom player into the banking space through equity participation.

SBI-Airtel JV for financial services falls through

State Bank of India (SBI) and Kotak Mahindra Bank today raised interest rates on non-resident deposits.

SBI, Kotak raise NRE interest rates

Government today expressed hope that it will be able to introduce the Lok Pal Bill in Rajya Sabha this afternoon.

Govt hopeful of introducing Lok Pal Bill in RS

Non-food credit has grown 17.2% to Rs 44 lakh crore during 12 months to December 16, according to the Reserve Bank of India (RBI).

Credit offtake up 17.2% as of mid-Dec

The country's largest private lender ICICI Bank and state-run IDBI Bank today hiked the interest rate on rupee deposits by non-residents.

ICICI, IDBI Bank up NRE deposit rates

The Kolkata-based retail finance player Magma Fincorp is hopeful of getting general insurance licence in the first half of the next year.

Magma Fincorp hopeful of getting insurance licence next year

The Reserve Bank of India (RBI) today allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.

RBI allows coop banks to fix NRE deposit rates

Raise interests on these deposits for the second time since rates were deregulated by RBI.

Kerala-based banks up NRE deposit ante 

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