The Securities Appellate Tribunal (SAT) has upheld the order passed by the Securities and Exchange Board of India (Sebi) against Axis Bank, where the bank was asked to pay a penalty of Rs 2,00,000 for failing as a debenture trustee.

SAT upholds Sebi order against Axis Bank

Business Standard

To enhance the creditworthiness of infrastructure projects, the Reserve Bank of India (RBI) has allowed foreign equity investors to issue guarantees for debt raised by companies involved in these.

RBI: Foreign PE funds can guarantee infra debt

India Inc&rsquo;s demand for dollars is likely to keep the rupee weak against the greenback in the near term.

Dollar borrowings by India Inc to keep rupee weak

Rewriting of financial sector legislation has gained momentum, with the Financial Sector Legislative Reforms Commission (FSLRC) working groups&rsquo; starting discussions on papers prepared by research committees.

Financial law reform panel gets going

In a move aimed at addressing conflicts of interest in distribution of financial products, the Securities and Exchange Board of India (Sebi) has issued a concept paper to regulate investment advisors. The capital market regulator intends to regulate investment advisors through the Self Regulatory Organisation (SRO) route.

Sebi concept paper to regulate investment advisors

McGraw-Hill Cos said the US Securities and Exchange Commission (SEC) may recommend a civil injunction against the company&rsquo;s Standard &amp; Poor&rsquo;s unit in connection with its rating of a 2007 mortgage-linked security.

S&P gets SEC Wells notice on Delphinus CDO

The Reserve Bank (RBI) today said the Indian Banks' Association (IBA) is expected to submit comments by the end of this month on the proposal to do away with pre-payment charges on home loans.

IBA may submit comments on pre-payment by Sept-end: RBI

Press Trust of India

L&amp;T group, a serious contender for a new banking licence, today expressed doubts over the viability of new banks having 25% of their branches in rural areas as prescribed in the RBI draft guidelines.

L&T on banking licence: 25% rural branches may not be viable

Two Federal Reserve policymakers voiced wariness about the idea of spurring growth by letting inflation accelerate as they reiterated support for the central bank&rsquo;s unprecedented monetary easing.

Fed officials express doubt on faster inflation as tool to boost growth

In the backdrop of buoyant kharif season in Uttar Pradesh, agricultural loan disbursement during the current financial year is likely to touch Rs 34,000 crore.

UP agri loan portfolio to rise 30% to Rs 34,000 cr

As UBS AG prepares to shrink its investment bank after a $2.3-billion loss from unauthorised trading, bankers pushed out, or looking to leave, may find few opportunities as Wall Street rivals slash jobs.

UBS bankers face few options as securities unit shrinks

Volatility in local share markets have hit India Inc's equity fund-raising plans, with the total deal value this year set to fall below the level seen in 2008. This has squeezed the fee income of investment banks in the country and triggered job losses in many of these firms.

India Inc's fund-raising seen below 2008 level

10% ceiling in one company set to be removed, with riders.

Govt may relax LIC's equity exposure cap

The Reserve Bank of India on Tuesday issued revised draft norms to regulate the growth in securitisation of bank loans. This may increase the securitisation of retail assets like home and consumer durables.

RBI issues revised draft norms for securitisation of loans

Short-term rates rose last week, as banks push loan growth to shore up their balance sheets and meet half-yearly targets. The interest rate on three-month certificates of deposit (CDs) rose by 15 basis points to 9.35 per cent in one week, according to Bloomberg data.

Short-term rates rise, as banks shore up books

The Reserve Bank of India (RBI), which has maintained a tight monetary stance to combat inflation, said domestic inflation remained much above its tolerance levels. Governor D Subbarao defended the monetary tightening done by the central bank in this scenario.

Inflation much above threshold: Subbarao

Royal Bank of Scotland&rsquo;s (RBS) efforts to sell its retail and commercial banking businesses in India to Hongkong and Shanghai Banking Corporation (HSBC) is likely to miss its deadline of September 30, as the Reserve Bank of India (RBI) is yet to approve the deal.

RBS-HSBC deal likely to miss September 30 deadline

The Reserve Bank of India (RBI) has said the growth target of nine per cent envisaged for the 12th Five-Year Plan can be achieved only if inflation is brought down, and supply-side issues in agriculture are resolved.

Fiscal consolidation crucial for 9% growth: RBI

Vivek Mehra, managing director, private equity and investment banking at YES Bank, quit early this month. He Mehra has joined as managing director-India at Aloe Private Equity.

YES Bank's MD, private equity, quits

KKR &amp; Co, the US buyout firm co- founded by Henry Kravis, is among firms weighing a bid for Axa SA&rsquo;s private equity fund unit, three people with knowledge of the talks said.

KKR may acquire Axa's PE division

The Federal Reserve, chastised by Congress for lending money to foreign institutions such as the Central Bank of Libya, is once again the lender of last resort for banks around the world it knows little about.

Euro crisis makes Fed lender of only resort

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