Loans grew faster than deposits during the fortnight ended September 9, indicating an increase in credit demand during the festive season. The growth in loans has been slow so far this financial year, owing to steep rate rises by the Reserve Bank of India (RBI).

Festive season sees loans grow faster than deposits

Business Standard

The European debt crisis has generated as much as $410 billion in credit risk for European banks, the International Monetary Fund said, calling for capital injections to reassure investors and support lending.

Euro banks have $410 bn credit risk

As currencies of developed nations struggle to maintain supremacy in global financial markets, the yuan is finding favour with Indian firms. Despite the partial convertibility clause, the Chinese currency is fast gaining popularity as an alternate source of fund raising by India Inc.

Yuan finds favour with infra firms

From now on, insurers cannot deny any claims on the ground of delayed filing and intimation of documents, particularly if the delay was due to unavoidable circumstances.

Insurers can't deny claims for delay in intimation, says Irda

State Bank of India (SBI) today said it had doubled its Medium Term Note (MTN) programme to $10 billion to fund overseas business.

SBI doubles overseas borrowing target to $10 bn

Press Trust of India

In order to minimise fraud cases and ensure security of transactions, the Reserve Bank of India (RBI) today asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years.

Implement safety measures for card usage: RBI to banks

As the Indian currency moved closer towards the Rs 50-to-a-dollar mark, Finance Minister Pranab Mukherjee today said the Reserve Bank of India (RBI) will intervene in the foreign exchange market &quot;as and when the situation warrants&quot;.

Rupee slide: Pranab says RBI will intervene, if needed

The Reserve Bank of India (RBI) today tightened the return filing format for non-banking financial companies (NBFCs) under which they would have to make disclosures about their deposit and lending activities to the central bank more frequently.

RBI tightens return filing format for NBFCs

Contrary to popular perception, exporters feel they may, at best, reap short-term gains out of the depreciating rupee against the dollar. The gains, they say, would not be sustained, and too much volatility in exchange rates does not benefit them.

Gains from falling rupee to be short-term: Exporters

Weakening debt servicing ability of the corporate sector, particularly the small and medium enterprises, due to higher interest rate, might result in higher non-performing assets (NPAs) in the current financial year.

Higher rate to hit banks' asset quality: Crisil

The Reserve Bank of India (RBI) has asked banks to strengthen their payment infrastructure for safety in automated teller machines (ATM) and point of sale terminals.

RBI asks banks to beef up security for e-transactions

In the name of financial inclusion, banks should not blindly follow a policy of customer acquisition, providing new access to new customers. Instead, they must address the issues faced by poor customers properly, for it might otherwise lead to a long term mistrust and loss of confidence in the banking system.

RBI warns banks on poor customers

Tata Capital, a subsidiary of Tata Sons, on Thursday announced that it will form a joint venture (JV) with Groupe Aeroplan Inc, a Canadian Loyalty Marketing company, to launch a multi-party coalition loyalty programme in India.

Tata Capital to form JV with Canadian firm

National Bank for Agriculture and Rural Development (Nabard) has announced that it sanctioned a loan of Rs 264.74 crore for execution of the rural drinking water supply schemes in Madurai district, Tamil Nadu, under its Rural Infrastructure Development Fund. The total outlay for the schemes is Rs 311.46 crore, of which Rs 46.72 crore would be contributed by the state government.

Nabard loan of Rs 265 crore for water projects

Investors dumped high yielding assets and moved towards the dollar after the US Federal Reserve expressed concerns over the US economy. This led the rupee to its sharpest fall in a single day in 15 years, according to Bloomberg data.

RBI acts, but rupee falls sharpest in 15 years

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 399.22 crore under its Rural Infrastructure Development Fund (RIDF) for the Indira Jala Prabha project to be implemented across 22 districts in the state.

Nabard sanctions Rs 400 cr

The Small Industries Development Bank of India (SIDBI) plans to set up a venture capital fund with an initial corpus of Rs 300 crore dedicated for social ventures in the near future, a top bank official said today.

SIDBI to launch Rs 300 cr VC fund for social ventures

Despite a reported selling of the dollars in the market, India's forex reserves rose by $266 million to $316.763 billion for the week ended September 16, according to the data released by the Reserve Bank of India (RBI) today.

Forex reserves up $266 mn to $316.76 bn despite dollar sale

Volatility in exchange rate to stay, says Gokarn; RBI intervention only to target excess in this regard.

Rs bounces back after RBI measure

India&rsquo;s foreign exchange reserves rose by $266 million to $317 billion for the week ended September 16, primarily on account of the revaluation of foreign currency assets.

Forex reserves up by $266 mn

The Reserve Bank of India (RBI) has allowed banks and non-banking financial companies (NBFC) to sponsor infrastructure debt funds (IDF), which can be set up as mutual funds and NBFCs.

Banks, NBFCs allowed to sponsor infra debt funds

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