The implementation of the 'Financial Inclusion Plan' in Orissa for villages with a population of over 2000 (2001 Census) appears to be on the backburner.

Tardy progress in financial inclusion plan for Orissa

Business Standard

The rupee eased on Tuesday in line with a fall in local equities and the dollar's strength versus the euro overseas underpinning sentiment.

Rupee falls tracking weak local shares

Press Trust of India

India's largest bank, the State Bank of India (SBI) is planning to revive its village adoption scheme under corporate social responsibility programme.

SBI to revive village adoption scheme

Private sector lender YES Bank and Poalim Capital Markets, a leading Israeli investment bank and a part of Bank Hapoalim B.M, today said they have entered into a co-operation agreement to advise Indian and Israeli firms on cross-border deals.

YES Bank, Poalim Capital ink co-operation agreement

The All-India Punjab National Bank's Officers' Association (AIPNBOA) today said that PNB was facing a shortage of 15,000 employees, which has adversely affected the branch expansion programme of the public sector lender.

PNB faces shortage of 15,000 employees: Bank officers' body

BoB also handed over an amount of Rs 294 crore as dividend to the government of India.

BoB declares 150% dividend for stakeholders

Falling equity returns and rising land prices make sector attractive.

Portfolio managers, NBFCs raise exposure to realty

The value of private equity (PE) backed deals globally stood at $43.3 billion in the April-June quarter of 2010 (calendar year), registering a 60 per cent jump over the previous quarter, says a latest study. In the January-March period, the value of such PE backed deals was $27.1 billion, according to research firm Preqin.

Global PE investment up 60% in April-June

Banks operating in the state- public sector banks, private banks, cooperative banks as well as regional rural banks (RRBs)- have fallen short of the loan disbursal targets in agriculture and allied sectors in the first two months (April and May) of the current financial year.

Banks fall short of farm loan distribution target in April-May

Banks told to prepare a plan for agri, MSME and export sectors.

FM miffed with lower credit flow to priority sectors

India&rsquo;s actual outward foreign direct investment (FDI) in joint ventures and subsidiaries was down by 36.7 per cent to $10.3 billion in 2009-10 compared to $ 16.28 billion a year ago.

Overseas investments dip 36.7%

Ten-year bonds slipped on concern investors will refrain from adding to their positions before data tomorrow that economists forecast will show inflation accelerated to a three-month high in June.

Bonds decline on speculation inflation to touch 3-month high

To ensure that customers get wider access through cashless facility, industry bodies like Confederation of Indian Industries (CII) will meet insurance companies through third party administrators (TPAs) to help them expand the preferred providers of network (PPN).

CII to help restore cashless treatment

Public sector lender UCO Bank will finalise its proposed follow-on offer after fund infusion of nearly Rs 375 crore from the governemnt under its recapitalisation scheme.

UCO Bank to finalise FPO after Rs 375-cr infusion

The housing lender had a net profit of Rs 564.92 crore in the June quarter of the previous fiscal, HDFC said in a filing to the Bombay Stock Exchange.

UPDATE: HDFC Q1 net up 23% at Rs 695 cr

The Cabinet is likely to take up the proposal to merge State Bank of Indore with the parent State Bank of India (SBI) tomorrow.

Cabinet may decide on SBI-State Bank of Indore merger tomorrow

Private sector financial players ICICI Bank and HDFC Bank, who are classified as foreign-owned entities, are on the same footing as nationalised banks as the two are incorporated under the Indian laws, DIPP Secretary R P Singh said today.

ICICI, HDFC Bank on same footing as nationalised banks: DIPP

Company to apply for infra NBFC status so that it can float infrastructure bonds.

Tata Cap plans $1-bn PE fund by Dec 2011

ICICI Bank&rsquo;s plan to sell its 19.49 per cent stake in business process outsourcing company Firstsource is facing a road block. Its recent talks to sell the stake to private equity firm KKR have also failed.

ICICI-KKR talks on Firstsource stake hit a hurdle

Housing Finance Development Corporation (HDFC), the country&rsquo;s largest mortgage lender, has posted a 23 per cent increase in net profit at Rs 694.59 crore in the first quarter ended June 2010, as against Rs 564.92 crore in the corresponding quarter last year.

HDFC Q1 net up 23% on higher disbursement

Home loan borrowers have something to cheer in the era of rising interest rates.

HDFC to keep rates stable even if RBI tightens policy: Mistry

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