The promoters of HDFC Standard Life, the joint venture between HDFC and UK-based Standard Life, will invest Rs 300-350 crore in the company this financial year.

Promoters to infuse Rs 300-350 cr into HDFC Standard life

Business Standard

The Indian investments of one of the most high-profile of Asian real estate private equity funds, the $2.68 billion Asian Real Estate Opportunities Fund of Bank of America-Merrill Lynch (BofA-ML), is unlikely to get affected, though the Asian portfolio is changing hands globally, two independent sources told Business Standard.

Blackstone-BofA-ML deal shouldn

Villages across Uttar Pradesh have a reason to cheer. The state&rsquo;s financial inclusion road map is being readied, allowing villages with a population of 2,000 or more to be provided with banking services.

Door-to-door banking service in UP soon

The Indian rupee weakened by 4 paise to 46.73 a dollar in early trade at the Interbank Foreign Exchange today on increased demand for the US currency from importers.

Rupee weakens by 4 paise against $ in early trade

Press Trust of India

Decks have been cleared for the merger of State Bank of Indore with its parent State Bank of India, with the Cabinet approving the consolidation of the country's largest lender today.

Cabinet approves merger of State Bank of Indore with SBI

The government has assured private sector lenders ICICI Bank and HDFC Bank that they will not be discriminated against vis-a-vis PSU banks even as their status has been changed to foreign-owned Indian-controlled lenders.

Govt sees ICICI, HDFC Bank on same footing as state-run banks

Amid the debate over their ownerships, the government has said ICICI Bank and HDFC Bank would not suffer any handicap due to foreign equity in them as the two are incorporated under the Indian laws.

ICICI, HDFC Bank suffer no foreign ownership handicap:Govt

Private lender Dhanalakshmi Bank today said its shareholders have passed a special resolution to rechristen the bank as 'Dhanlaxmi Bank'.

Dhanalakshmi Bank rechristened as Dhanlaxmi Bank

The Reserve Bank of India (RBI) has said that it would slap fine on subsidiary general ledger (SGL) account holders, if they failed to settle transactions in government securities due to insufficient funds and securities. Such defaults are termed as SGL bouncing.

RBI to fine SGL defaulters

Nearly 10 banks, mostly in the public sector, are likely to pick up stake in the proposed Central Electronic Registry, a company to be co-promoted by the National Housing Bank (NHB), to keep a track of mortgages taking place in the home loan market.

10 banks to pick up stake in central electronic registry

LIC Housing Finance on Thursday reported a 71 per cent increase in net profit during the first quarter ended June to Rs 212 crore, against Rs 123.84 crore during the corresponding period last year, primarily due to a sharp increase in disbursement.

LIC Housing Finance net rises 71%

Ratnakar Bank may plan a rights issue of shares within a year to fund its expansion and seek to list its shares within four years, its new managing director and chief executive Vishwavir Ahuja has said. Ahuja, who headed Bank of America&rsquo;s Indian unit until September last year, recently took over the Kolhapur-based bank.

Ratnakar Bank plans rights issue within a year

The Cabinet on Thursday cleared the merger of State Bank of Indore with its parent State Bank of India (SBI), a move that would help the country&rsquo;s largest lender scale up operations and cut costs.

Cabinet okays State Bank of Indore's merger with SBI

Government-owned Central Bank of India (CBI) is looking to expand overseas and plans to seek licences for opening offices in Hong Kong, Bahrain and a few African countries.

Central Bank eyes presence in Hong Kong, Bahrain

Lose out to private banks in bill discounting.

Govt banks face base rate heat

Total deposits grew 34 per cent to Rs 147,479 crore.

Axis Bank Q1 profit up 32%, shares at record high

One of the frontrunning public sector banks of India, Punjab National Bank (PNB) is projected to have a business of Rs 10 lakh crore by 2013. It registered a business of Rs 4.35 lakh crore in March this year. The progress, however, could soon be hit by shortage of staff.

Employee shortage to hit PNB

After months of scrutiny and scanning over 3,000 entries, the government today approved the symbol of the Indian currency which will differentiate it from currencies used in countries such as Pakistan, Nepal, Sri Lanka and Mauritius.

The rupee gets an identity

Exim Bank, which provides finance facilities to exporters and importers, is collaborating with Export Credit Guarantee Corporation for structuring new credit tools where government or multilateral lines of credit are not available, an official of the bank said today.

Exim Bank structuring new product with ECGC

The country's foreign exchange reserves rose to $279.422 billion for the week ended July 9, up by around $1.16 billion over the previous week, backed by a healthy jump in foreign currency assets.

Forex reserves up by 1.16 bn to $279.42 bn

Private sector banks have stolen a march over the public sector banks in the disbursals of loans in the agriculture and allied sectors in Orissa in the past three years.

Private banks score over PSU banks in loan disbursal targets

Finance News: Latest investing news and finance headlines straight from Business Standard.

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