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

Business Standard

Volatile markets and poor investor confidence have made Indian banks defer raising funds from foreign markets through medium-term notes (MTN) and instead find alternative routes.

Banks defer foreign fund-raising plans

The figures tell it all. Banks in Madhya Pradesh take education loan very lightly: the 47 of them operating in the central Indian state have so far disbursed merely Rs 40 crore in aid of those aspiring to study. This, when their network is a solid total of 5,613 branches (including private, regional, rural and cooperative banks) and their deposit base is an impressive Rs 156642.15 crore.

Dismal track record of education loans in MP irks govt

Deutsche Bank plans to nearly double its mortgage book in India to Rs 3,000 crore by the end of next year. The move is in line with the bank's strategy to maintain its focus on secured assets, following the sale of its credit cards business earlier this year.

Deutsche Bank to boost mortgage book

Private sector banks are set to get some relief from the Reserve Bank of India (RBI) on promoters&rsquo; stake. The regulator had earlier asked these banks to submit a road map and give a time frame for paring promoters&rsquo; shareholding to 10 per cent.

Pvt bank promoters may be allowed 15% stake

State-owned Bank of Maharashtra (BoM) today increased its lending rates by up to 25 basis points (bps), making all kinds of loans expensive.

Bank of Maharashtra ups lending rates by up to 25 bps

Press Trust of India

Various banks have taken control of Hyderabad-based microfinance firm Trident Microfin by acquiring a majority stake in the firm, leaving promoter and chief executive Kishore Kumar Puli with a stake of only 4.2 per cent.

Banks acquire 60% stake in Trident microfin

State Bank of Travancore (SBT) has fully covered the villages alloted to it under the finanacial inclusion project. The bank had been allotted 29 villages out of the 120 villages in Kerala with a population over 2,000 identified for the project.

SBT completes coverage of 29 Kerala villages under FI plan

The finance ministry is contemplating a holding company structure for public sector banks. This will help the banks raise capital and government can hold on to a majority stake.

Centre mulls holding company for PSU banks

Banks have decided to appoint non-executive chairmen in microfinance institutions that have opted for debt restructuring, to strengthen their grip on operations. The micro-lenders cannot hold any board meetings in the absence of the non-executive chairman.

Banks to have more say in MFI boards

Indian banks are knocking the regulator's doors, seeking approval to open branches in Dhaka, the capital of Bangladesh, as they sense an opportunity to cater to the business community involved in the trade of non-Basmati rice.

Banks queue to open shop in Dhaka, cater to non-Basmati traders

Private lender ING Vysya Bank today increased its lending rates by 25 basis points (bps), making all kinds of its loans expensive.

ING Vysya Bank raises lending rates by 25 bps

Standard &amp; Poor&rsquo;s would cut the US credit rating to its lowest level and Moody&rsquo;s Investors Service said it will probably reduce its ranking if the government fails to increase the debt limit, leading to a default.

S&P likely to cut US rating on default

Bank loans to commercial real estate surged during the year ended May 20, registering a growth of 20 per cent, compared to a one per cent growth in the same period the previous year, data from the Reserve Bank of India (RBI) showed. Overall bank credit has risen 21.9 per cent in May, compared with 18.1 per cent in the corresponding period last year.

Realty loan surges after a lull year

Window for premature buyback extended till March, with liberalised terms; RBI review notes lacklustre equity markets.

India Inc gets FCCB breather

Lesser participation from mutual funds, slow credit offtake and growth in retail deposits have deterred banks from taking up high-cost bulk deposits in the first quarter of 2011-12. As a result, issuances of certificates of deposits (CDs) have fallen by around 32 per cent between April and June as compared to the January-March quarter of 2010-11, according to market participants.

CD issuances dip 32% in April-June

The robust growth in exports and improved net invisible surplus has resulted in India's current account deficit (CAD) declining to $5.4 billion in the quarter ended March from $12.8 billion a year ago.

Current account deficit dips in fourth quarter 

The Reserve Bank of India (RBI) on Thursday said equity and preference shares could be issued to overseas parties, in cases dealt by the Foreign Investment Promotion Board (FIPB), for money payable for importing capital goods and pre-operative expenses.

RBI eases norms on share issue against capital goods import

Cheaper rates, new investor profiles, tax efficiencies and international operations see India Inc making a beeline for overseas bonds.

Bonding with the global investor

Private lender IndusInd Bank aims to grow its credit card portfolio four-fold to Rs 800-900 crore in the next three years. The bank also expects the business it acquired recently to turn profitable in the next 12 months.

IndusInd to grow credit card portfolio 4-fold in 3 years

Public sector bank employees have postponed their nationwide strike to August 5. Bank employees had earlier said they would go on a strike on July 7 to protest against banking reforms, outsourcing and other issues.

Bank employees postpone strike to August 5

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2601 - Finance News