Bank of Baroda (BoB) has signed a memorandum of cooperation with the Dubai Multi Commodities Centre Authority (DMCC), a free zone authority dedicated to enhancing trade flows through Dubai.

Bank of Baroda inks pact with DMCC

Press Trust of India

Anil Ambani Group's life insurance venture Reliance Life has registered a 33 per cent rise in its total premium income to Rs 1,201 crore for the quarter ended June this fiscal.

Reliance Life Q1 premium income up 31%

Foreign institutional investors (FIIs) were net buyers of Rs 674.52 crore (provisional) today, according to data released by BSE.

FIIs net buyers of Rs 674 cr in cash mkt today

Business Standard

South-based Karur Vysya Bank (KVB) today said it will be applying for 100 new branches in the next fiscal to meet its total business target of Rs 50,000 crore by then from the present Rs 35,000 crore.

Karur Vysya eyes Rs 50K cr biz, 100 new branches in FY12

The Reserve Bank of India (RBI) may go for further hike in policy rates in its mid-quarter review next month as part of its efforts to tame inflationary pressures, consultancy firm Dun &amp; Bradstreet (D&amp;B) said.

RBI may hike policy rates in Sept review: D&B

Andhra Pradesh State Co-operative Bank Limited (Apcob) registered over two-fold increase in net profit to Rs 137 crore for the financial year 2009-10, as against Rs 60 crore last year.

Apcob net up over two-fold

The Jaipur Stock Exchange (JSE) suspended on Wednesday trading in shares of Bank of Rajasthan (BoR), with immediate effect, for providing misleading information and non-disclosure of material facts regarding its merger with ICICI Bank.

Jaipur bourse suspends trading in BoR

Conditions attached by RBI ensure it won&rsquo;t take off, contend experts.

Banks cold to ECB takeout financing norms

Deutsche Bank AG hired Ajay Kapur to head its new Asian equity strategy team, which will include two of his former colleagues from Mirae Asset Securities.

Ajay Kapur to head Asian strategy at Deutsche Bank

The steady cash flows from infrastructure projects like roads, helped companies that rent out construction equipment (CE), to keep loan defaults low as compared to commercial vehicle (CV) fleet operators during slow economic growth period, according to a study by rating agency.

Construction equipment loans have lower defaults

The MDRT includes agents who have done insurance business of more than $one million in a year. Less than one per cent of the world&rsquo;s life insurers achieved the so-called MDRT membership, it said in a statement. MDRT was a global association of about 36,000 life insurance and financial services professionals from 76 countries, it said.

SBI Life tops global list of 'million dollar round table' agents

With a rising proportion of non-performing assets (NPAs) in education loans, banks have approached the government, seeking protection in the form of a credit guarantee fund of at least Rs 2,500 crore.

Banks alarmed at rising defaults in study loans

The Supreme Court on Wednesday declined to pass any direction to the government or the public sector banks to recover the huge non-performing assets (NPAs), stating that there were enough laws to deal with the issue.

Supreme Court rejects new directives for NPAs

Germany-based Deutsche Bank has set a 30 per cent growth target for its India business. The bank, which has mainly focused on deposits and mortgage lending so far, said it would look at small and medium enterprises (SMEs) and personal banking sectors in the next two years.

Deutsche Bank aims at 30% growth in business

The selection of RTS, which is used by 120 exchanges globally, was announced today.

RTS to provide connectivity, low latency access to SMX

Following the larger players, Thrissur-based private sector lender Dhanlaxmi Bank today announced a 25-75 basis points hike in its deposit rates on all tenures up to Rs 1 crore from tomorrow, but left its lending rates unchanged.

Dhanlaxmi Bank ups deposit rates up to 75 bps

RBI may prescribe higher net worth for firms.

Banks may have to reveal use of funds raised via CPs

The private sector hospitals and PSU insurers are likely to arrive at an interim settlement on restoration of cashless treatment facility at major hospitals in the country from tomorrow.

Cashless facility in corp hospitals from today

Top global Indians are hot news across the world. Vikram Pandit, the chief executive of Citigroup Inc, Indira Nooyi chief executive of Pepsico, Lakshmi Niwas Mittal of ArcelorMittal, among others have had their share under the sun.

Indian bankers back Jain's shot at Deutsche Bank chief's post

The Reserve Bank of India&rsquo;s (RBI&rsquo;s) monetary policy was moving in the right direction to curb inflationary pressures in the economy, Asian Development Bank (ADB) Chief Economist Jong-Wha Lee said today.

RBI policy moving in right direction: ADB

MasterCard Inc, the world&rsquo;s second- biggest payments network, agreed to buy DataCash Group Plc for about &pound;333 million ($517 million) in cash to expand its e-commerce offerings.

MasterCard to buy DataCash for $517 million

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