Punjab &amp; Sind Bank (PSB) has received fresh approval from the government for its initial public offering (IPO), a senior bank official said on Monday.

Punjab & Sind Bank gets fresh govt nod for IPO

Business Standard

Paves way for listing of more microfinance institutions.

SKS Microfinance scores a hit on debut, rises 18%

Depositors of Krushi Bank will get a part of their money back after a long wait.

Krushi Bank depositors to get part of their money

Financial Technologies group's Singapore Mercantile Exchange today said it will start trading from August 31, 2010, launching contracts in gold, currency and crude oil futures initially.

SMX to start trade from Aug 31, to launch gold, oil futures

Press Trust of India

Private sector lender Kotak Mahindra Bank today announced an across-the-board upward revision of its lending rates by 0.25 per cent to 16 per cent with immediate effect.

Kotak Bank ups lending rates by 25 bps

British banking major Barclays has agreed to pay $298 million (190 million pounds) to US authorities to settle investigations about payments that the bank facilitated to countries facing government sanctions, says a media report.

Barclays fined $298 mn over sanctions breach

Leading private life insurer HDFC Standard Life today reported 63 per cent growth in first-year premium collection at Rs 692.7 crore for the quarter ended June in this fiscal.

HDFC Life's Q1 new premium biz jumps 63%; becomes No 2

Government bond prices dropped on heavy selling pressure from banks and corporates and call rates also finished lower at 5.65 per cent at the overnight call money market here today in view of ample liquidity in banking system.

Bond drops on fresh selling pressure, call rate eases

Dutch insurer Aegon today said it will repay the remaining euro 2 billion of the euro 3 billion aid it had received from the government by June next year, as part of its agreement with the European Commission.

Aegon to fully repay govt aid by June next yr

The finance ministry has asked government banks to shift to a system where non-performing assets (NPAs) are identified by technology. The aim is to avoid human interference.

Use technology to make NPAs more transparent, Govt tells banks

Tata Capital, a subsidiary of Tata Sons, plans to hive off its infrastructure finance business into a subsidiary.

Tata Capital to hive off infra arm as IFC

Banks had to keep track of the asset-liability mismatches arising on account of infrastructure financing, while appraisal and monitoring mechanisms for financed projects needed to be tightened, according to a Reserve Bank of India (RBI) staff study.

Bank monitoring of infra projects should be tightened: Study

Bank of Maharashtra (BoM) may miss its September 2010 deadline to comply with the Reserve Bank of India&rsquo;s (RBI&rsquo;s) prescription to make provisions for bad loans.

BoM may miss NPA coverage deadline

HDFC Standard Life on Tuesday announced that it had ended the first quarter with a reported loss of Rs 75.1 crore &ldquo;primarily due to the new business strain caused by a strong growth in new business premium&rdquo;. First year premium grew 63 per cent to Rs 692.7 crore in the quarter ended June, compared to Rs 424.9 crore a year ago.

HDFC Standard Life loss at Rs 75 crore

Private equity (PE) players are again ready to look at small and medium enterprises (SMEs).

Private equity places big bets on SMEs

Venture capital (VC) firm Sequoia Capital, which on Tuesday announced an investment of Rs 60 crore in Quick Heal Technologies, a provider of computer security software products, is looking to step up investments in product-based companies.

Sequoia to invest more in product firms

Worries about liquidity holding back growth, say players.

Interest rate futures fail to click

Syndicate Bank, the Manipal-headquartered public sector lender, has introduced special rate of interest on fresh home loans. For loans up to Rs 20 lakh, the bank will be charging base rate of 8.25 per cent during the first two years. Base rate plus 0.5 per cent from 3rd and 5th year and base rate plus 0.75 per cent from 6th year onwards, subject to a maximum of 10 per cent, the bank said in a press release.

Syndicate Bank launches special rates

With speculation reviving over who will succeed Josef Ackermann as chief executive officer of Deutsche Bank AG, the company will have to decide how German the leader of Germany&rsquo;s biggest bank must be.

Deutsche Bank's Jain may be lost in translation

Listing trend isn&rsquo;t a betrayal but a natural evolution, say practitioners.

MFIs need the market to do their job

The shares of financial services firm India Infoline rose more than seven per cent on Tuesday on market buzz that the promoters were in talks to sell 12 per cent stake to Barclays Capital. The stock, which opened at Rs 100 on the Bombay Stock Exchange (BSE), touched a high of Rs 108 during the day&rsquo;s trade.

India Infoline jumps on stake sale buzz

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