The country's largest insurance company, LIC, plans to recruit around 10,000 employees in the current fiscal to give a push to its growth plans.

LIC to recruit 10,000 employees this year

Business Standard

ICICI Bank today said the new base rate regime, which has come into effect from July 1, will not impact the interest liability of existing home loan borrowers unless they voluntarily shift to the new system.

Base rate not to affect existing home loan borrowers: ICICI

Press Trust of India

The Reserve Bank of India (RBI) today said managing prices is its main priority and Friday's decision to raise key short-term lending rates was aimed at containing inflation, which is hovering above 10 per cent.

For RBI, inflation is everything: Dy Governor

The Reserve Bank of India (RBI) today said it will come up with a discussion paper on granting new banking licences by the end of this month.

RBI to come up with discussion paper on new banking licence

German insurer Ergo is another player looking for a partner.

Mitsui Sumitomo scouting for life insurance partner in India

The monetary authority and the government might have different views on balancing growth and inflation, but in the long term, both views would converge, said K C Chakrabarty, deputy governor of the Reserve Bank of India (RBI). This was on the sidelines of a conference on banking and finance organised by the Associated Chambers of Commerce and Industry of India here today.

For RBI, inflation is everything: Chakrabarty

Finance Minister Pranab Mukherjee today described RBI&rsquo;s move to increase the short-term lending and borrowing rates to contain double-digit inflation as &ldquo;appropriate&rdquo;.

Pranab terms RBI's move to raise key rates appropriate

Lloyds Banking Group plc will sell a portfolio of 40 private equity investments to a new joint venture, a deal that would fetch the entity as much as 332 million pounds in cash.

Lloyds to sell 40 PE investments in 332-mn pound deal

The country's largest private sector lender ICICI Bank today said that its private equity arm will set up an infrastructure fund.

ICICI Bank to set up infrastructure equity fund

Shares of banks erased initial losses following the 25 basis points increase in the repo and reverse repo rates by the Reserve Bank of India on Friday evening. Bank stocks fell on concern a rise in rates would hurt earnings and also decrease the value of their bond portfolio.

Bank stocks erase initial losses

The jump in the premium collection will be driven primarily by eight new insurance products, which the company plans to roll out before the end of this financial year.

Future Generali eyes Rs 1200 cr premium

Public sector lender Andhra Bank expects to start its banking subsidiary in Malaysia in the next three months.

Andhra Bank's Malaysian unit to start operations in three months

Credit ratings agency Moody&rsquo;s on Monday said the Reserve Bank of India&rsquo;s (RBI&rsquo;s) recent move to hike short-term borrowing and lending rates to tame inflation would put pressure on overall deposit and interest rates.

Repo hike to put pressure on interest rates: Moody's

An extension of the debt relief scheme, announced by Finance Minister Pranab Mukherjee during the Union Budget 2010-11, has resulted in robust recovery of agricultural loans by banks. As a consequence, agri non-performing assets (NPAs) is set to come down for most banks in the last quarter.

Debt relief scheme prompts robust farm loan recovery

The largest deal during the period was Bharti Airtel&rsquo;s acquisition of Kuwait-based Zain&rsquo;s African assets in a deal valued at $10.7 billion (Rs 50,076 crore).

M&A activity up 69 % in first half of '10

Primary issuances fell on Monday due to lack of market participation as the left parties and Bharatiya Janata Party called a 12-hour nationwide bandh on Monday to protest the rise in fuel prices, dealer said.

Short-term primary issues fall

With an aim to provide banking services in those tribal and remote areas of the country which are still deprived of banking services, Axis Bank Ltd has launched its Financial Inclusion (FI) programme in 29 tribal villages of Nashik district through the rollout of its No Frills &lsquo;Azadi&rsquo; accounts.

Axis Bank launches its 'Financial Inclusion' programme in Nashik

All India Regional Rural Bank Employees Association (AIRRBEA), the representative body of the officers and employees of the country, has opposed the recommendation for scrapping the industry-wise wage settlement system suggested by the Khandelwal Committee.

RRB staff body opposes Khandelwal panel report

Plan to look for alternative sources for funds before raising rates.

Base rate may raise cost of funds for NBFCs

Trying to cash in on the high prices of precious metals, state-run Punjab &amp; Sind Bank today said it will soon start selling gold and silver coins.

PSB to start selling gold, silver coins

Economists expect the Reserve Bank of India (RBI) to hike its key short-term lending and borrowing rates on July 27 to tame rising inflation, which is already in double-digits.

RBI may hike rates in July policy: economists

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