Indian Bank plans to raise around Rs 1,000 crore in December 2010. The proposed fund raising would help the bank to increase its credit portfolio by Rs 8,000 crore, said a senior bank official. Recently, the bank has raised Rs 1,000 crore, the proposed fund raising would be the second round of fund raising.

Indian Bank to raise Rs 1,000 cr by December

Business Standard

State-run Dena Bank plans to enter the syndication business. For this, the bank has set up a team in Mumbai and fixed a revenue target of Rs 25 crore for 2010-11. Besides, the bank has appointed an agency to identify the potential countries and business model for its overseas foray.

Dena Bank to foray into syndication

The rupee today weakened by 11 paise to Rs 46.75 a dollar at the Interbank Foreign Exchange market in early trade due to increased dollar demand from importers.

Rupee depreciates 11 paise/$ in early trade

Press Trust of India

Insurance Regulatory and Development Authority of India (Irda)&nbsp; has asked insurance companies not to do business with 884 corporate agents who have not filed their permanent account number (PAN) details with the sector watchdog.

Irda asks insurers not to do biz with 884 corp agents

The only unlisted state-owned lender Punjab &amp; Sind Bank is likely to file draft prospectus with Sebi by the end of this month to raise about Rs 600 crore from its initial public offer (IPO).

Punjab & Sind Bank to file draft prospectus by month-end

The Reserve Bank of India (RBI) today said India's economic recovery is &quot;robust&quot; even as it expressed concern over the prevailing high inflation caused by supply-side bottlenecks, which, it warned, could hamper sustainable growth.

Economic recovery robust, inflation still a worry: RBI

The Reserve Bank of India (RBI) today expressed concern over rise in asset prices, but said it will have limited implication for overall inflation.

Rise in asset prices a concern, says RBI

IDBI Fortis Life Insurance has changed its name to IDBI Federal Life Insurance Co, following rechristening of its foreign partner Fortis.

IDBI Fortis Life becomes IDBI Federal Life Insurance

The Pension Fund Regulatory and Development Authority (PFRDA) has set up a committee headed by former Sebi chairman G N Bajpai to overhaul the structure of pension scheme thrown open to all citizens as it failed to pick up.

PFRDA sets up panel to overhaul National Pension System

The Reserve Bank of India (RBI) today said non-repayment of loans, restructured for some sectors of the economy due to global financial crisis, are not expected to be significant as the economy is on the path of recovery.

NPAs due to debt restructuring not to be significant: RBI

&quot;All branches of State Bank of Indore will function as branches of State Bank of India from August 27, 2010. Customers, including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from August 27,&quot; the Reserve Bank of India said in a statement.

State Bank of Indore to become SBI branches from Aug 27

Intel Capital, the venture capital (VC) arm of global chipmaker Intel, is focusing on investing in services firms that can cater to three screens &mdash; mobile, computer (internet) and television.

Intel Cap eyes deals to make most of 3G auctions

Medium-term inflation management to ease supply constraints in key sectors.

Active demand-side management needed to check inflation: RBI

The Reserve Bank of India (RBI) plans to review the guidelines for issuing commercial papers (CPs). CP issuances are expected to rise under the base rate regime.

New commercial paper guidelines in the works

You can take an Indian out of India, but can&rsquo;t take India &mdash; or, cricket for that matter &mdash; out of an Indian, as the clich&eacute; goes. Deutsche Bank&rsquo;s cricket team captain, Anshu Jain, has been the focus of global media ever since he took charge as head of corporate and investment banking.

Anshu Jain: A sporting chance at the top slot

Shares of the three associate banks of State Bank of India (SBI) &ndash; State Bank of Mysore, State bank of Bikaner &amp; Jaipur and State Bank of Travancore &ndash; jumped 16-20 per cent for the second consecutive session on Tuesday on the news of rights issue and speculation of a possible merger with the parent.

Shares of three SBI associate banks rise up to 20% for second day in a row

The Reserve Bank of India (RBI) has asked commercial banks to carefully assess risks of unhedged foreign currency exposure of their corporate clients.

RBI cautions banks on clients' foreign currency exposure

The Reserve Bank of India (RBI) on Tuesday said there was a possibility of return of another phase of capital inflows, indicating this might pose a challenge for currency and interest rate management. Unlike the pre-global crisis, economies now favoured use of soft controls to deal with excessive capital flows, it said.

Capital inflows may rise, pose a challenge

The Reserve Bank of India (RBI) on Tuesday said the supervisory regime of non-banking finance companies (NBFCs) needed to be strengthened for a more robust assessment of the underlying risks.

NBFC supervision needs to be stepped up

The Reserve Bank of India&rsquo;s (RBI&rsquo;s) income for 2009-10 fell 45.85 per cent to Rs 32,884.14 crore, from Rs 60,731.98 crore a year ago, due to low interest income from foreign currency assets.

Low interest rates dent RBI's overseas income

Sounding a note of caution on inflation, the Reserve Bank of India said high and generalised inflation has persisted this year even though the downside risks to growth were much lower. The central bank reiterated its commitment to containing inflation through monetary policy actions, while assessing risks to both inflation and growth.

Wary of inflation, RBI vows policy action

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