Despite concerns about a slowdown in demand for credit in a high interest rate scenario, the chairman of the Indian Banks Association, M D Mallya, has said the industry will meet the target of a 19% jump in advances this fiscal.

'Banks will meet 19% credit growth target for FY12'

Press Trust of India

Country's largest lender State Bank of India is likely to raise its minimum lending rate or base rate by 50-75 basis points later today, the bank's Chairman said.

SBI likely to raise lending rates shortly

South-based Dhanlaxmi Bank today hiked its minimum rate of lending or the base rate by 25 basis points to 10.25%, in line with peers across the lending industry.

Dhanlaxmi Bank hikes base rate by 25 basis points

Country's largest lender State Bank of India (SBI) today increased lending rates by 25 basis points (bps) and deposit rates by up to 100 basis points, a move that will make home, auto and other loans more expensive.

SBI hikes rates, loans to get dearer

Finance Minister Pranab Mukherjee will review the annual performance of public sector lenders and financial institutions in a meeting with their heads here tomorrow.

Pranab to review performance of PSU banks tomorrow

State Bank of India (SBI) will seek the government's nod to raise Rs 20,000 crore through the rights issue within this month, the bank's chairman Pratip Chaudhuri said today.

We will seek govt's nod for rights issue this month: SBI

State-run lender Punjab &amp; Sind Bank today hiked its minimum lending rate or base rate by 25 basis points (bps) to 10.25%.

Punjab & Sind Bank ups lending rates by 25 bps

For an industry which is likely to see half of its portfolio turning non-performing, the new Bill on micro finance institutions (MFIs) is seen more as an insulator from future shocks than a cure for the earlier ones.

MFI Bill hope for future, but no immediate relief

Business Standard

The International Finance Corporation (IFC) plans to make a minority equity investment of up to $2 million in Chennai-based Vortex Engineering Private Limited, an ATM manufacturer.

IFC to invest $ 2 mn in ATM maker Vortex Engineering

The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate sector. The regulator fears an asset price bubble.

Go slow on loans to commercial real estate projects: RBI to banks

State Bank of India (SBI) &mdash;the country&rsquo;s largest lender&mdash;on Thursday joined other banks in raising rates, announcing an increase in lending rates from the new quarter.

State Bank joins the club, raises base rate by 25 bps 

The State Bank of India (SBI) on Thursday said it would soon seek government approval for its Rs 20,000-crore rights issue. The bank will give a revised proposal to the finance ministry this month.

SBI to seek govt nod for rights issue this month

Amid signs of a slowdown, banks are likely to post a moderate growth in interest income due to modest credit off-take and pressure on net interest margins (NIM), led by rising interest costs in the quarter ended June.

Banks set to report modest growth in interest income

Lehman Brothers Holdings&rsquo; brokerage borrowed as much as $18 billion in four separate loans from a previously secret programme of the US Federal Reserve in June 2008, three months before its parent filed the biggest bankruptcy in US history.

Lehman took $18 bn from secret Fed programme

Goldman Sachs &amp; Co, a unit of the most profitable bank in Wall Street history, took $15 billion from the US Federal Reserve on December 9, 2008, the biggest single loan from a lending programme whose details have been secret until today.

Goldman borrowed the most

European Central Bank President (ECB) Jean-Claude Trichet is fighting a war on two fronts as he seeks to contain price pressures while the Greek crisis threatens to blow the euro area apart.

ECB president Trichet fights a war on two fronts

The debt restructuring package for microfinance institutions (MFIs) has alarmed investors of Share Microfin, a Hyderabad-based micro lender with significant exposure in the debt recast programme. These investors fear the restructuring programme would lead to sizeable dilution in their shareholding, sources said.

Share Microfin investors uneasy with loan recast

The provisions of the draft Microfinance Institutions (Development and Regulation) Bill, released by the Centre, seeking public comments, seems to have come as a big relief to the beleaguered microfinance institutions (MFIs) in Andhra Pradesh (AP).

Andhra MFIs get breather

The education loan growth rate in public sector banks (PSBs) is witnessing a continuous declining trend.

Education loan growth in public sector banks dips

With clarity emerging on the manner microfinance institutions (MFIs) are to be regulated, the shares of SKS Microfinance jumped 20 per cent today, getting locked at their upper circuit. SKS is India's largest and only listed MFI and has been battling weak investor sentiments for quite some time.

SKS shares jump 20%, hit upper circuit

Though the finance ministry proposes to make the Reserve Bank of India (RBI) the sole regulator for the country&rsquo;s troubled micro finance institutions (MFIs), the central bank has said this will not override the decisions of state governments.

Can't override powers of states on MFIs: RBI

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

Page 2606 - Finance News