All branches of State Bank of India (SBI) in Orissa remained open on Sunday to make up for the loss transaction on Saturday due to break down of its core banking service (CBS) server at Mumbai.

SBI branches in Orissa remain open on Sunday

Business Standard

The US has said it would take up the issue of pending requests for information from India regarding cyber cases with various departments there. New Delhi has also sought appropriate technology to deal with cyber security issues.

US to address requests on cyber cases 

Press Trust of India

Kerala's major commercial centre of Ernakulam has recorded a four percent fall in the loan portfolio of commercial banks during April - June period of the current year.

Ernakulam records fall in credit outgo in Q2

Even though the government has shifted from bonds to cash in compensating the losses of oil marketers, the oil companies will have to forego around Rs 6,000 crore if they liquidate the bonds now as yields have moved up sharply.

Oil bonds to offer OMCs less value as yields move up

The collection of equated monthly installment (EMI) on heavy commercial vehicles financed by various leasing companies in the state are down by about 20 per cent in August 2011 compared to the same month in the previous year.

Drop in EMI collection hits leasing finance companies

Repco Home Finance Ltd, a housing finance company promoted by The Repatriates Co-operative Finance and Development Bank Ltd (Repco Bank Ltd) is planning to raise around Rs 200 crore through an initial public offering (IPO).

Repco arm to raise Rs 200 cr via IPO

Urban cooperative banks in Gujarat lent money to 563,000 people.

State UCBs' advances grow faster than deposits in FY11

Rate hike pause seen postponed; govt&rsquo;s borrowing cost rises as bond prices tumble.

Gilt yields touch 3-year high 

For 2012-13, it has estimated India's gross domestic product (GDP) growth at eight per cent, down from previous estimate of 8.2 per cent. This is attributed to weak growth forecasts for all major advanced economies (MAEs).

Fitch pares India's growth forecast for FY12 to 7.5%

Trying to persuade Irda to tread a middle path and drop the idea of scrapping the net asset value products entirely.

Insurers weigh options to save NAV products

After getting the approval of raising up to Rs 30,000 crore through issuance of tax-free bonds this financial year, infrastructure finance companies, Housing and Urban Development Corporation (HUDCO) and Power Finance Corporation (PFC), have thrown open their subscriptions under the private placement route. However, collections may not be that high keeping current market conditions in mind, say market participants.

Infrastructure companies line up tax-free bond issuances

Private sector Axis Bank today said it has extended its $200 million US Commercial Paper (CP) programme by one year.

Axis Bank extends $200 mn CP programme by 1 yr

Tightening regulatory norms, the Reserve Bank of India (RBI) today asked chief executive officers of all the foreign banks to oversee their audit reviews.

Oversee audit reviews: RBI to foreign banks

Fearing a deterioration in asset quality and to fire up credit demand, top bankers today appealed to the Reserve Bank of India (RBI) to pause its interest rate hike cycle that has already seen 12 hikes in the past 19 months.

Bankers want RBI to halt rate hike

The revised rate for NRE term deposits for periods from 1 year to less than 2 years will be 2.61 per cent, for 2 years to less than 3 years it is 2.31 per cent and for 3 years and above up to 5 years it would be 2.47 per cent.

SBT hikes NRE deposit rates

The European debt problems that have roiled global financial markets for the last 18 months are showing signs of turning into a far deeper challenge: Europe&rsquo;s second recession in three years.

In Europe, signs of second recession with wide reach

Bank&rsquo;s overseas borrowing cost to rise; SBI chairman downplays move.

Moody's downgrades SBI on capital, NPA concerns

HSBC Holdings Plc , the European bank seeking buyers for its non-life insurance assets, will consider selling regional units of the business separately, three people familiar with the matter said.

HSBC may sell non-life insurance units separately

Bankers continue to fret over the quality of assets, as the Reserve Bank of India (RBI) gears up to review the monetary and credit policy for 2011-12 this month. At the pre-policy meeting, in which the apex bank takes stock of liquidity conditions and credit demand, bankers said more rate increases would further hurt the repayment capabilities of borrowers.

Asset quality blues for bankers before RBI meet

Indian insurance companies would spend $1.8 billion on information technology (IT) products and services in 2012, an increase of 11.7 per cent over the expenditure of $1.6 billion in 2011, according to Gartner Inc. The forecast includes spending by insurers on internal IT, hardware, software, external IT services and telecommunications.

'Indian insurers to spend $1.8 bn on IT in 2012'

India Inc raised $3.7 billion through external commercial borrowings (ECBs) in the month of August. The borrowings fell by $500 million from $4.2 billion during July, according to data released by the Reserve Bank of India (RBI).

Indian firms raise $3.7 bn through ECBs 

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