The government has appointed Harun Rashid Khan a deputy governor of the Reserve Bank of India (RBI). Khan, who gets a three-year term, will monitor the foreign exchange department, payment and settlement systems and external investments and operations, among others.

H R Khan promoted to RBI deputy governor, gets three-year term

Business Standard

Goldman Sachs Group Inc appointed two senior bankers to run Japanese equity and bond underwriting and set up a public-sector group to boost its investment banking business following the country&rsquo;s record earthquake.

Goldman revamps post-quake biz in Japan

Good economic growth, favourable demographics and under-penetration is benefiting the banking sector with another good year expected during 2011-12, according to a report by research firm Standard &amp; Poor&rsquo;s (S&amp;P).

Indian banks to have another good year in 2011-12: S&P

Press Trust of India

At a time when the microfinance sector is reeling under a liquidity crisis, top microfinance institutions (MFIs) such as SKS and Bandhan are looking at alternative options like non-convertible debentures (NCDs) and commercial paper (CP) for raising funds.

Top MFIs look at NCDs to raise funds

The Piper PA-31 Navajo took off into the sultry Miami morning and streaked southward toward the Caribbean. High over Haiti, the cameras inside began to snap.

World Bank is opening its treasure chest of data

Standard Chartered Bank's aim of expanding its consumer banking business in South Asia was strengthened when it convinced Sanjeeb Chaudhuri to join the bank earlier this month.

BS People: Sanjeeb Chaudhuri

Six months after a Rs 400-crore fraud was detected in its Gurgaon branch, the Reserve Bank of India (RBI) on Monday rapped Citibank for the episode.

Gurgaon fraud: RBI raps Citi, slaps Rs 25-lakh fine

To facilitate the redemption of existing foreign currency convertible bonds (FCCBs), the Reserve Bank of India (RBI) on Monday allowed Indian companies to take fresh external loans and issue new FCCBs to address debt obligations.

RBI: Companies can issue fresh FCCBs to retire old debt 

Rating agency Standard and Poor&rsquo;s (S&amp;P) on Monday said India&rsquo;s largest lender, State Bank of India (SBI), may see pressure on its net interest margins and profitability in the current environment, which is marked by increasing competition and high inflation.

S&P warns of pressure on SBI's interest margins

The Reserve Bank today extended the 10% ceiling of bank investment in liquid schemes of mutual funds to include short-term debt funds.

RBI caps bank investments in liquid, short-term debt funds

United Stock Exchange (USE), engaged in currency futures and currency options trading, today said it has appointed State Bank of India (SBI) as its clearing and settlement bank.

USE appoints SBI as 10th clearing & settlement bank

Reserve Bank Governor D Subbarao today said consumer price index (CPI) works better than wholesale price index (WPI) in capturing market dynamics and arriving at a more realistic inflation forecast.

CPI a better indicator of inflation than WPI: Subbarao

The raising interest rates leads to to increase in cost of capital is a matter of concern for the industry. Any further price increase by the Reserve Bank of India (RBI) will hurt the industry growth, said B Muthuraman, president, Confederation of Indian Industry (CII) and vice chairman, Tata Steel Ltd.

'Increase in interest rates may hit growth'

Jobless growth has found a new home &mdash; India&rsquo;s life insurance companies. In the last financial year, private life insurers reduced headcount by 27 per cent to achieve profitability.

Jobless growth in pvt life insurance

Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Tuesday said policymaking by the central bank had been hit by the frequent revisions in key data like that of the country&rsquo;s growth, inflation and factory output.

RBI: Data revisions crippling policymaking

The government has signed an agreement with the International Development Association (IDA), a concessionary lending arm of the World Bank, for $ 200 million (around Rs 900 crore) to be used for capacity building of gram panchayats and municipalities in Kerala for delivery of services.

WB arm to fund Rs 900-cr Kerala public services project

Indian Overseas Bank (IOB) would increase the asset size of its overseas operations by raising medium-term notes (MTN) in different tranches, according to its CMD M Narendra.

IOB to use MTNs to aid overseas operations

Bangalore-headquartered public sector lender Vijaya Bank has launched e-deposit facility to facilitate term deposits by customers in its bid to ramp up deposit base of the bank. &ldquo;E-deposit will facilitate the existing Vijaya Bank customers to open term deposit accounts through e-banking facility,&rdquo; H S Upendra Kamath, chairman and managing director of Vijaya Bank said.

Vijaya Bank rolls out new initiatives to up CASA ratio

Bangalore-based public sector lender Canara Bank opened 14 branches in Tamil Nadu on Tuesday as part of its financial inclusion initiative.

CanBank charts out aggresive branch expansion

While bank advances were growing above 20 per cent yearly, lending to small and micro enterprises (SMEs) should also grow at a decent pace, the Reserve Bank of India (RBI) told banks in the annual review meeting of its standing advisory committee on SMEs on Tuesday.

Banks asked to up credit flow to SMEs

Banks with investments in excess of 10 per cent of their net worth in liquid and short-term debt schemes will get six months to bring exposure in line with the ceiling. The Reserve Bank of India (RBI) has capped exposure to these schemes at 10 per cent of net worth.

Banks get 6 months to comply with MF investment limits

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