State Bank of India to pass on policy rate hike to consumers in two-three weeks.

Loan rates to pinch this festive season 

Business Standard

The government has formed a committee to look into the capital requirements of public sector banks in the light of the Basel-III norms, which the banks will start implementing from 2013. The finance ministry on Saturday reiterated that the government is committed to seeing its banks are well capitalised.

Govt panel to look into banks&#39; capital needs

A group that represents the world&rsquo;s biggest banks is trying to persuade Brazil, Russia, India, China and others to lend 20 billion euros ($27.6 billion) to supplement a debt refinancing package for Greece.

Banks 'quietly' lobby BRICs for Greece aid

The Reserve Bank of India (RBI) is likely to maintain its hawkish stand and further increase key policy rate up till January 2012, to tame inflationary pressures, say experts.

RBI may continue hiking policy rates till Jan 2012

Press Trust of India

Country's largest lender State Bank of India profit in the current fiscal is likely to exceed Rs 10,000 crore on the back of increased business and sustained effort to contain bad assets.

SBI may clock profit over Rs 10,000 cr in this fiscal

Chief Economic Advisor Kaushik Basu has pitched for a reduction in interest rates to maintain growth, saying the RBI's tight monetary policy has had limited impact and the time has come to try something different.

Lower interest rates can tame inflation: Kaushik Basu

Ending months of indecision, the government is set to appoint a full-time chairman for Life Insurance Corporation (LIC) in the next 10 days, a top Finance Ministry official has said.

New LIC chairman to be appointed in 10 days: FinMin

Pune-based public sector lender Bank of Maharashtra (BoM) is likely to hike its base rate by 25 basis points (bps) from October 1, following the latest policy rate hike by the Reserve Bank of India (RBI) last week.

BoM may raise base rate by 25 bps from Oct 1

A group that represents the world's biggest banks is trying to persuade Brazil, Russia, India, China and others to lend 20 billion euros ($27.6 billion) to supplement a debt refinancing package for Greece.

Banks 'quietly exploring' BRICs' option for Greece aid

UBS AG Chief Executive Officer Oswald Gruebel said he doesn't plan to resign after Switzerland's biggest bank last week reported a $2-billion loss from unauthorised trading.

UBS chief Gruebel dismisses calls to resign

Soon after the Reserve Bank of India (RBI) raised its key lending rates by 25 basis points, the Export-Import Bank of India said on Sunday that this may not be the last time as the rate-hike cycle may continue due to rising inflation.

RBI may hike lending rates further, says Exim Bank CMD

ICICI Securities, the broking arm of India's largest private sector bank, is to focus on expanding its institutional broking business, at a time when competition in this space has intensified, with the entry of more players.

ICICI Securities to focus on institutional broking

The rupee will continue to feel the heat on the back of a growing demand for the dollar across the globe, as uncertainty on growth prospects persists.

Rupee to remain under pressure in near term

The 12 rate hikes, in the past 18 months, by the Reserve Bank have failed to hurt growth in aggregate demand as households are not yet sufficiently leveraged for their demand to be impacted by the hike in interest rates, says leading financial services agency CMIE.

Successive rate hikes failed to curb household demand: CMIE

Pune-based public sector lender Bank of Maharashtra (BoM) is likely to hike its base rate by 25 basis points from October 1, following the latest policy rate hike by the Reserve Bank of India last week.

BoM likely to raise base rate by 25 bps from Oct 1

Private lender Dhanlaxmi Bank today hiked base rate, or the minimum lending rate, by 25 basis points to 11%, while loans under the older benchmark prime lending rate will be dearer by 50 bps at 20.75%.

Dhanlaxmi Bank raises base rate, BPLR

Pune-based public sector lender Bank of Maharashtra is hopeful of receiving Rs 800 crore from the government as part of the capital infusion plan in the current fiscal.

BoM may get Rs 800 cr capital infusion this fiscal

Norms relating to the ownership and listing of new private banks, as proposed in the Reserve Bank of India's (RBI) draft guidelines, may discourage some companies from applying for new banking licences, rating agency Icra said on Monday.

Draft RBI norms may deter cos from opening banks

India Factoring, a joint venture between Punjab National Bank (PNB) and Malta-based FIMBank, is set to receive Rs 100-crore equity infusion from its promoters by the end of the third quarter. The non-banking financial company, in its first full year of operation, would also start providing international factoring services next month.

India Factoring to raise Rs 100 cr by December

Plans huge expansion on credit cards, personal loans; says retail loan quality not a problem.

StanChart on credit offensive

Though the Reserve Bank of India (RBI) continued its hawkish stance during the mid-quarter review of monetary policy last week, and declined to give any signs of pause, economists have started advocating as concerns over domestic growth deepen coupled with heightened global macroeconomic uncertainty.

Time for RBI to pause, say economists

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