Industry body Assocham has urged the government to take steps to curb excessive speculation in futures trading in farm commodities, saying they fuel food inflation.

Assocham demands govt to curb speculation in agri-futures

Press Trust of India

With an aim to rein in insider trading by promoters without investors' knowledge, Sebi has decided to make it mandatory for all promoter entities to disclose any considerable purchase or sale of shares by them.

Now, promoters asked to disclose share dealings

Ficci has reiterated its demand to set up an exclusive banking institution on the lines of National Housing Bank (NHB) and Power Finance Corporation (PFC) for catering to financing needs of infrastructure sector, an official said.

Ficci demands body to finance infra sector

Global banking giant HSBC is likely to announce on Monday plans to axe at least 10,000 jobs in the coming year, says a report by Britain's Sky News.

HSBC to axe at least 10,000 jobs: report

ICICI Bank, the country&rsquo;s largest private sector lender, reported a 5.4 per cent increase in consolidated net profit at Rs 1,091 crore for the quarter ended June 30, 2010, compared to a year ago, weighed down by a loss from its life insurance subsidiary.

ICICI Bank's Q1 net up 5%

Business Standard

After a decline in profit for three successive quarters, state-owned Bank of India (BoI) has reported a 24 per cent increase in net profit to Rs 725 crore for quarter ended June 30 as compared with Rs 584 crore in the same period of the previous year.

BoI returns to profit growth path, net up 24%

Syndicate Bank, the Manipal-headquartered public sector lender, today said its net profit remained flat at Rs 265 crore for the first quarter ended June 30, compared to the Rs 262 crore during the same period last year. This was mainly due to a steep drop of 93 per cent in its treasury profits, which was Rs 20 crore, compared to Rs 270 crore in the corresponding quarter.

Syndicate shows flat profit

Indian Overseas Bank (IOB) today reported a decline in net profit for quarter ended June 30 to Rs 200.44 crore, as against Rs 301.78 crore in the year-ago period.For year ended March 31, the net profit stood at Rs 706.96 crore. The total income for the quarter stood at Rs 2,882.38 crore as against Rs 2,808.51 crore in the corresponding quarter last year.

IOB net profit dips to Rs 200 cr

Private sector lender J&amp;K Bank today reported a growth of 23 per cent in net profit at Rs 145.4 crore for the quarter ended June 30, over the same period in the financial year 2009-10.

J&K Bank net up 23%

ICICI Bank today announced major changes in its management structure. Sandeep Bakshi, deputy managing director (corporate banking), will take over as the managing director and CEO of ICICI Prudential Life Insurance.

ICICI names Sandeep Bakshi as ICICI Pru Life MD & CEO

The Reserve Bank may go for further tightening of interest rates during this fiscal as part of efforts to tame inflationary pressures, experts believe.

RBI may hike rates further this fiscal: Economists

Housing finance company HDFC today said it expects a credit growth of 25 per cent in the current fiscal.

HDFC eyes 25% loan growth this fiscal

Bank loans to the &lsquo;sensitive sectors&rsquo; of real estate and capital markets rose in 2009-10 at the slowest pace in at least four years, as some lenders such as ICICI, Canara Bank, Union Bank of India, Bank of India and Jammu &amp; Kashmir Bank reduced lending to these.

ICICI cut lending to realty in 2009-10, but many didn't

Union Bank of India, the Mumbai-based public sector lender, plans to set up a banking subsidiary in Britain as part of plans to expand its international business.

Union Bank to set up UK banking subsidiary

The rupee appreciated by 24 paise to 46.16 a $ in early trade on dollar sell-off by banks and exporters, and fresh foreign fund flows into equity markets.

Rupee at over 1-month high on shares

The Reserve Bank of India (RBI) is looking at the possibility of appointing corporates and non-banking finance companies (NBFCs) as business correspondents (BCs), a move aimed at promoting financial inclusion.

RBI mulling appointing corporates as biz correspondents

Banks in Europe&rsquo;s most indebted nations need to refinance $122 billion of bonds this year, likely paying high interest costs even after receiving a clean bill of health from regulators. Italy&rsquo;s Intesa Sanpaolo SpA has the most debt coming due at $28 billion, followed by UniCredit SpA with $21 billion, according to data compiled by Bloomberg.

Banks on Europe's edge face $122-bn refinancing bill

Says Mint Road best suited to perform that role.

RBI wants super regulator status

Call money rate past six per cent; 10-year yield touches three-month high.

Liquidity back in deficit mode

After Punjab National Bank (PNB) and Union Bank of India, Mangalore-based Corporation Bank today hiked its prime lending rate by 50 basis points. &ldquo;Corporation Bank has revised its benchmark prime lending rate (BPLR) from 12 per cent to 12.50 per cent, with effect from today,&rdquo; the bank said in a filing to the Bombay Stock Exchange.

Corporation Bank raises BPLR by 50 basis pts

Andhra Pradesh has benefitted the most from the business correspondence model floated by the Centre &ndash; as part of its financial inclusion plans &ndash; to provide banking solutions to the rural mass. Out of the 7.5 million new accounts opened by BCs countrywide in 2009-10, 75 per cent of those were in the state.

BCs open most accounts in Andhra Pradesh

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