Private sector lender ING Vysya Bank posted a 36 per cent rise in its net profit at Rs 94 crore in the first quarter of the current financial year, owing to sound growth in fee-based income and a in provisioning, compared to the first quarter of the last financial year.

ING Vysya net up 36% at Rs 94 crore 

Business Standard

The Kolhapur-based Ratnakar Bank plans to raise up to Rs 375 crore through certificates of deposit (CDs). Rating agency Icra, an associate of Moody&rsquo;s Investor Service, has assigned a rating of A1+ to the bank&rsquo;s short-term money market instrument.

Ratnakar Bank to raise Rs 375 cr via CDs

South Indian Bank (SIB) has received its shareholders' approval to raise around Rs 1,000 crore through qualified institutional placement (QIP). The bank is planning to dilute 33 per cent equity through the proposed placement.

South Indian Bank to raise Rs 1,000 cr

Goldman Sachs Group, the fifth- biggest US bank by assets, reported second-quarter profit that fell short of analysts&rsquo; estimates as fixed-income trading revenue fell more than analysts predicted.

Goldman Sachs profit misses estimates

With the yields on long tenure papers showing signs of moderation, financial institutions have queued up with their debt issuances.

Easing yields prompt Tier-II bond issuances

Deutsche Bank, Royal Bank of Scotland Group (RBS), Societe Generale and UniCredit may face pressure from investors to boost capital after scraping through Europe&rsquo;s banking stress tests.

European banks face pressure to boost funds

This year, the country&rsquo;s largest institutional investor, Life Insurance Corporation (LIC), will invest more in stock markets than the Rs 40,000 crore last year. Also, LIC will go for higher overall investment than the Rs 2 lakh crore last year. &ldquo;LIC&rsquo;s investment in equities this year will be more than last year. Last year, it was Rs 40,000 crore and the total investment was Rs 2 lakh crore,&rdquo; LIC Managing Director Thomas Mathew told reporters on the sidelines of a Ficci conference on health insurance. However, he did not specify the exact figures for investments, saying it will hinge on business. &ldquo;Hopefully, business will be good this year.

LIC to invest more stocks in 2011-12

Higher interest income, lower provisioning on the back of improved asset quality aided growth.

HDFC Bank Q1 net profit rises 34%

As many as 7% of account holders in the country are using the Internet for banking transactions, while branch banking has fallen by a full 15 percentage points, according to a report by global management consultancy McKinsey &amp; Company.

7% account holders in India use net banking: study

Press Trust of India

The muddle over real estate projects in Greater Nodia has left many banks worried over the fate of loans, running into hundreds of crores of rupees, committed to home buyers and developers of realty projects.

Banks in a tizzy over Noida land quandary

The Gujarat Zone of Bank of Baroda (BoB) is eyeing to cross a total business of Rs 92,000 crore for the financial year 2011-12 by opening 77 new branches in the state during the year, informed a senior bank official.

BoB eyes Rs 92K cr biz in Guj during FY12

Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.

Banks' exposure in Noida Extn up to Rs 1,200 cr

The slowing credit growth may intensify amid fears that the Reserve Bank of India (RBI) would raise interest rates further during the first quarter review next Tuesday.

Credit growth dips rate increase may hurt more

Daimler, manufacturer of the brand Mercedes Benz, on Wednesday launched Daimler Financial Services for the Indian market, in a bid to provide lending support to buyers of Mercedes Benz cars and trucks. The subsidiary, started with an initial capital of $50 million and set a target of $500 million of contracts.

Daimler launches lending arm

European officials are considering steps previously rejected by Germany, including the use of precautionary credit lines, to prevent the spread of the region&rsquo;s debt crisis, a person close to the talks said.

EU likely to use bailout fund for emergency credit

SMILE Microfinance Ltd, a Tamil Nadu-based micro finance institution (MFI), plans to raise up to Rs 250 crore through term loans from banks and finance companies for its lending business in the current financial year.

SMILE Microfin to raise up to Rs 250 cr through term loans

Pune-based Bank of Maharashtra has prepared a road map to achieve its agricultural lending target over the next three years, after missing it in the last three years. In an interview with Parnika Sokhi and Manojit Saha, Chairman and Managing Director A S Bhattacharya says the bank aims to maintain the current level of low-cost deposit share to help keep its margins steady.

Q&A: A S Bhattachayra, Bank of Maharashtra

Brian T Moynihan, who vowed that Bank of America Corp. (BAC)&rsquo;s strength would never be questioned again when he took the top job, found himself bombarded with queries yesterday about whether the bank needs to raise more capital.

Moynihan's no-new-capital stance draws scrutiny after BofA's record loss

McKinsey survey sees mobile phones becoming the channel of choice for consumers.

Keeping consumers tougher for banks

At the end of 2010-11 financial year, BOB&rsquo;s total MSME credit outstanding stood at Rs 3,528 crore, which was a growth of almost 26 per cent over the previous year.

Bank of Baroda eyeing 25% growth in MSME lending in UP

After coming down heavily on bankers in the state level bankers committee meeting here Reserve Bank of India today said technology in banking system is new and it would take time for bankers to function properly. Bankers in the state have performed very poorly in certain sectors like financial inclusion, distribution of kisan credit cards and education loans besides other social schemes.

RBI flays banks in MP

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