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

Bonding with the global investor

Business Standard

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

Libyan dictator Muammar Gaddafi has suffered huge losses on various funds despite paying hefty fees, but his investment in ICICI Bank gave impressive returns, a new leaked document showed today.

ICICI Bank gives 38% return on Gaddafi investment

Press Trust of India

Housing finance regulator National Housing Bank (NHB) will raise Rs 11,000 crore during the year to fund housing activities as against Rs 9,000 crore in the previous fiscal.

NHB to raise Rs 11,000 cr in FY12

In order to check banking frauds, the Reserve Bank of India (RBI) today asked public sector lenders to promptly report cases of cheating involving Rs 1 crore and above to the CBI, and of the lesser amount to the police.

Report fraud cases of Rs 1 cr and above to CBI: RBI to banks

Medium-sized state-run lender Dena Bank today became the second bank to raise its base rate by 25 basis points to 10.2%.

Dena Bank ups lending rates by 25 bps

The country largest private sector lender, ICICI Bank, today announced a hike of 25 basis points (bps) in its lending rate to 9.5% effective from Monday.

ICICI hikes lending rate by 25 bps to 9.5%

Abhyudaya Co-operative Bank Ltd (ACBL), one of the major co-operative banks in the country, on Friday opened its four new branches in Maharashtra, which include two in Nashik, one each at Nanded and at Dabhade-Talegaon in Pune district.

Abhyudaya Co-op opens 4 new branches in Maharashtra

India&rsquo;s largest private sector lender, ICICI Bank, on Friday said it had raised its base rate, or the minimum lending rate, by 25 basis points (bps) to 9.5 per cent with effect from Monday.

ICICI Bank raises base rate by 25 bps

HDFC Chairman Deepak Parekh has said he hopes the RBI would maintain status quo on rates during its monetary policy review scheduled for later this month to maintain a balance between growth and inflation.

Parekh hopes RBI will take a break from rate hike spree

Citigroup Inc Chief Executive Officer Vikram Pandit, who took a $1 salary after his bank received the most taxpayer assistance of any US lender, is poised to collect $80 million from other payments and awards that may eventually total more than $200 million.

Pandit's payouts climb towards $200 mn as Citigroup slips

Unlike most Indian movies that have a happily-lived-ever-after theme, there is no love lost between the Indian film industry and insurance companies.

Bollywood, insurers: No love lost

Standard Chartered Bank is likely to appoint its India chief Neeraj Swaroop as the regional chief executive officer for South-east Asia.

Swaroop's turf widens at StanChart

Amid signs of an economic slowdown, high interest rate may impact credit growth and net interest margin of banks in a year&rsquo;s time, with credit growth this year at par with expectations at 18-20 per cent, said Naina Lal Kidwai, country head, HSBC, here today.

Credit growth may slow over 12-18 months: HSBC

Managing Director Rajiv Lall says the company would stick to its approach of financing the top 20 companies.

IDFC steps on the gas, but sees macro headwinds

The Consumer Affairs Ministry will consult commodity market regulator FMC before taking a decision on NSE's repeated request for extension to dilute its stake in commodity bourse NCDEX to 5%.

Govt irked over NSE repeated extensions to cut stake in NCDEX

Major public sector banks, including State Bank of India, Punjab National Bank and Bank of Baroda, are likely to soon raise lending rates making home, auto and commercial loans expensive.

Major PSU banks may raise lending rates soon

Liquidity conditions are expected to stay tight, as the government may borrow up to Rs 30,000 crore this week.

Higher govt borrowing may keep liquidity tight

The eurozone approved its share of a euro 12 billion ($17.4 billion) aid payment for Greece and pledged to complete work in the coming weeks on a second rescue package for the cash-strapped nation to prevent a default.

Eurozone backs Greek aid, mulls new bailout

Visakhapatnam Cooperative Bank has crossed the Rs 1,000-mark in deposits, according to its chairman.

Vizag Co-op Bank crosses Rs 1000 cr deposit mark

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