Public sector lender State Bank of Hyderabad reported a net profit of Rs 283.94 crore for the quarter ended June 30, a 41.1 per cent rise compared with the Rs 201.24-crore profit in the same period a year ago.

SBH net profit rises to Rs 283.9 cr

Business Standard

For home buyers in Noida Extension things have just gone worse. While banks have decided not to disburse loans to residential properties in the area, including those that had no litigation against them, builders are threatening to charge a penalty if payments are not made according to the existing contracts.

Noida Extn: Banks dump buyers, builders seek their pound of flesh

Axis Bank has requested the Reserve Bank of India (RBI) for certain dispensations regarding its deal with Enam Securities.

Axis Bank seeks RBI leeway in Enam deal

The supervisory board ofDeutsche Bank is set to confirm Anshu Jain as theco-CEO of the company together with his management board colleague, Juergen Fitschen, when it holds its regular meeting in Frankfurt on Tuesday.

Deutsche Bank board set to confirm Jain as co-CEO

Press Trust of India

Republicans challenged a presidential veto threat by preparing for a short-term extension of the US debt limit, hardening partisan differences in the face of warnings that a stalemate risks roiling financial markets as soon as tonight.

Risking veto, Republicans back short-term debt limit 

Markets have already priced in a rate rise of at least 25 bps.

Yields seen up if RBI maintains hawkish stance

DBS Bank, Southeast Asia&rsquo;s biggest lender, believes Singapore could emerge as a &ldquo;conduit&rdquo; for China&rsquo;s massive renminbi-denominated savings to be channelled into the subcontinent for meeting India&rsquo;s infrastructure funding requirement.

DBS offers marriage made in heaven

Though credit offtake was sluggish in the first quarter, the overall credit growth for the full year for public sector Canara Bank is expected to be 18-20 per cent backed by a 22-23 per cent growth in deposits, said Archana Bhargava, its executive director.She said focus on the retail segment was an important area for generating new business. It also expects the credit demand from the industry to pick up in second and third quarters.

Canara Bank sees credit growth at 18-20%

India Factoring &amp; Finance Solutions Pvt Ltd (India Factoring) has announced the launch of its factoring business in Andhra Pradesh by opening its branch office here this month. It would provide financial services to small and medium enterprises here.

India Factoring to target SMEs in Hyderabad

The Reserve Bank of India (RBI) is likely to hike its policy rates by 25 basis points in its first quarterly monetary policy review tomorrow, according to a survey conducted by industry chamber Ficci.

RBI may hike rates by 25 bps tomorrow: Ficci survey

Rating agency Crisil today said banking system could increase their funding capacity to the infrastructure sector by Rs 1,00,000 crore over the next four years, without impacting their asset-liability profiles.

Banks can up infra lending by Rs 1,00,000 cr: Crisil

The Reserve Bank of India (RBI) today directed banks to clearly mention the reason for dihonouring or returning a cheque unpaid.

Mention reasons for dishonouring cheques: RBI to banks

Indian companies&rsquo; dependence on non-bank funding sources is rising. This, even as banks continue to remain the dominant source of finance to the commercial sector, the Reserve Bank of India (RBI) said on Monday.

Non-bank funding in commercial sector rising

Higher lending rates and tight liquidity conditions would continue to hit the demand for loans, resulting in a further slowing of growth in bank credit, the Reserve Bank of India (RBI) said in its macro-economic and monetary development report on Monday.

Credit growth likely to decelerate further

The improvement in deficit indicators seen in 2010-11 augurs well for growth rebalancing.

Sharp rise in oil, fertiliser subsidies to hit fiscal health 

The Reserve Bank of India (RBI) on Monday said volatility in local financial markets may return if the macro-economic situation deteriorates.

Volatile financial markets may dent macro-economic conditions

The Reserve Bank of India (RBI) seems to be in no hurry to oblige banks and other stakeholders on a pause in the rate increase cycle. Contrary to market predictions that tomorrow&rsquo;s widely expected 25 basis points (bps) increase in the key policy rate will be the last in a rather long rate rise season, the central bank on Monday gave enough hints of the continuation of its tight monetary policy.

Rate rise pause hopes dim as RBI stays on hawkish track

The Reserve Bank of India (RBI) on Monday said further moderation in consumption and investment demand was likely, since high inflation would erode real consumption. It also said the tight monetary policy would restrict investment demand.

RBI: Demand to moderate further

The Maharashtra State Cooperative Bank (MSCB) has attached the properties of 26 cooperative sugar and spinning mills and agro industries for the non-payment of dues worth Rs 788 crore between 2003 and March 31, 2011. The bank is also exploring options of an outright sale of these units.

MSC Bank attaches assets of 26 co-op sugar, spinning mills

No de-rating for India in FY12, as markets have factored in weakness in Q1, Q2 earnings.

Global macros look challenging

Faced with persistent inflation, global uncertainty and higher input costs, Indian companies expect a slowdown in overall economic activity, which might hit their profitability in the second quarter.

Companies expect margin squeeze in second quarter

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