Shriram City Union Finance, a deposit-accepting non-banking finance company registered with the Reserve Bank of India, has filed a draft prospectus with the National Stock Exchange of India and the Bombay Stock Exchange for a public issue of secured non-convertible debentures (NCDs).

Shriram City files DRHP for Rs 750-cr NCD issue

Business Standard

Continuing its anti-inflationary stance, Reserve Bank of India (RBI) raised the repo rate by 50 basis points (bps).

RBI raises key rates by 50 bps

Retaining its growth forecast for the current fiscal at 8%, the Reserve Bank today said that there was no evidence of &quot;broad-based slowdown&quot;.

No evidence of broad-based slowdown, says RBI

Press Trust of India

Private sector Yes Bank became the first lender to raise its base rate by 50 basis points today, within an hour of the Reserve Bank's decision to hike key short-term interest rates.

YES Bank ups base rate, BPLR by 0.5%

Reserve Bank's decision to raise key rates for the third time in the current fiscal would make home, auto and corporate loans expensive by up to 50 basis points, burning another hole in the pocket of the consumer already burdened with high inflation.

Home, auto loans to cost more: Bankers

During the last few years, banks have been looking for greater benchmark scores to extend loans to consumers, a Cibil official said today.

Banks gradually demanding stronger credit scores: Cibil

In the backdrop of positive response received for its online unit-linked products, iTerm and iMaximise, Aegon Religare Life Insurance (ARLI) today said it planned to launch several Internet offerings over the next few months.

Aegon Religare to offer more online products

RBI Governor D Subbarao today said higher-than-expected rate hike of 50 basis points could have an adverse impact on the asset quality of banks but asserted that it would not pose any systemic risk as of now.

NPAs may rise, but no systemic issue seen: RBI

The turnaround of Ispat, which hinges on one to two per cent reduction in interest rates, could be a casualty of the Reserve Bank of India&rsquo;s (RBI) decision to raise key policy rates. The repo rate has, in fact, gone up by 1.75 per cent since December when JSW acquired Ispat.

Interest rate hike to hit Ispat turnaround

L&amp;T Finance Holdings Ltd, part of country&rsquo;s largest engineering company Larsen &amp; Toubro, is planning to re-evaluate its microfinance business model. The non-banking finance company is now planning to shift the microfinance business to a newly-incorporated wholly-owned subsidiary L&amp;T Unnati. The company has said, it is awaiting the regulator&rsquo;s nod.

L&T Finance to re-evaluate microfinance biz model

International Finance Corporation (IFC) is set to take a 20 per cent stake in FinCo, a non-banking finance company sponsored by Tata Capital Limited.

IFC to take 20% stake in Tata-sponsored NBFC

Deutsche Bank AG said Anshu Jain and Juergen Fitschen will become co-chief executive officers in 2012, ending more than two years of speculation over who would succeed Josef Ackermann at the helm of Germany&rsquo;s largest bank.

Deutsche Bank names Jain and Fitschen co-chief executives 

The increase in key short-term lending and borrowing rates by 50 basis points announced on Tuesday by the Reserve Bank of India (RBI) is set to impact the affordable housing sector in key cities of Gujarat, say real estate developers. While already the sector was witnessing a slowdown since couple of months, developers believe the rate hike will further impact borrowing capacity of residential unit buyers.

RBI rate hike: state's Affordable housing sector to take a hit

Private sector lender ING Vysya Bank today increased its base rate or minimum lending rate by 50 basis points in response to hefty rate revision by the RBI.

ING Vysya Bank raises base rate by 50 bps

Net profit of UCO Bank in the first quarter of FY12 increased 12.42% at Rs 292 crore as compared to Rs 260 crore in the same corresponding period last fiscal.

UCO Bank Q1 net rises 12% at Rs 292 cr

Muthoot Finance Ltd (MFL) has registered 125 per cent growth in net profit during the June quarter at Rs 190 crore as against Rs 85 crore in the same period last year.

Muthoot Finance Q1 net doubles

Amid fears of high interest rates deteriorating the health of bank loans in the coming quarters, private banks appear to have managed the quality of their assets better than their state-run rivals.

Pvt lenders score over state-run banks on asset quality

High interest rates have taken their toll on India Inc&rsquo;s plans to raise debt, with trading volume in the debt capital market shrinking 17 per cent in the first six months this year. Indian companies raised $19.2 billion through debt issuances between January and June, compared with $23 billion in the corresponding period last year.

India Inc's debt issuances shrink

Reflecting the moderation in economic activity and the demand for loans, bank credit declined by Rs 71,771 crore to Rs 4,014,555 crore in the first fortnight of July.

Bank credit shrinks in first half of July

Non-banking finance companies (NBFCs) are rushing to raise funds through non-convertible debenture (NCD) issues, to cash on the strong investor appetite for high-yielding debt instruments at a time when making money from stocks has become difficult.

NBFCs line up NCDs to lure retail investors

Vijaya Bank, a leading public sector bank, has entered into a corporate agency agreement with insurance behemoth Life Insurance Corporation (LIC) of India for the distribution of bancassurance products of LIC of India which hitherto were being done by the bank on a referral basis.

Vijaya Bank enters into corporate agency agreement with LIC India

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