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

Business Standard

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

Press Trust of India

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

The cost of insuring sovereign debt against default climbed 30 per cent on average last quarter amid Europe&rsquo;s escalating fiscal crisis, according to CMA DataVision.

Sovereign default risk rises 30% in first quarter

Polaris Software Lab Ltd today informed BSE it had bagged a project from Andhra Pradesh State Cooperative Bank Ltd to implement core banking solution in all its 22 District Central Cooperative Banks across the state.

Polaris bags project of co-op bank

PE players, advisory firms say the second half will see the same level of activity.

PE investment up three times in first half

The central bank is expected to raise key rates by 25 basis points.

FM to meet Subbarao for RBI policy review on July 23

The increase has ensured that short-term rates go up, thus ruling out any possibility of lending below the base rate, which is in the range of 7-8.25 per cent for most banks.

Blessing in disguise: Rate hike to ease base rate implementation

RBI wants customers to inform it if any bank is lending below the base rate. The new loan pricing regime or the base rate mechanism, which came into effect from July 1, bars banks from lending below the base rate, except for a few categories.

Tell RBI if banks breach base

The Justice Department is conducting a criminal investigation of HSBC Holdings clients who may have failed to disclose accounts in India or Singapore to the Internal Revenue Service (IRS), according to three people familiar with the matter.

US probing HSBC accounts in India, Singapore

Investors preferred to purchase commercial papers (CPs) on Tuesday due to the higher rates and shorter-tenure of these papers, dealer said.

Investors buy CPs on better rates

NHB to start the exercise for a smooth transition.

Home loan firms may see new lending rate norms

The National Bank for Agriculture and Rural Development (Nabard) has launched an initiative for augmenting institutional credit for formation, nurturing and financing of Joint Liability Groups (JLGs). JLGs is an informal group of individuals comprising 4-10 small and marginal farmers, tenant farmers, oral lessees and share croppers.

Nabard JLG scheme now in Andhra Pradesh

State Bank of Hyderabad (SBH) today extended the special interest rates for Home and car loans.

SBH extends spl interest rates for home, car loans

Helped by foreign funds&rsquo; eagerness to invest in India.

Choppy markets increase pe secondary sales

Mahindra Finance is banking on the M&amp;M Navistar line of trucks to drive its fledgling heavy commercial vehicles (CV) financing business and aims for 20-25 per cent market share in this segment within the first year of operations.

Mahindra Fin banks on M&M Navistar for CV lending push

Banks may now find it easier to identify fraudsters while entering into businesses tied with new clients. Credit Information Bureau (India) Ltd (Cibil) on Wednesday launched a centralised database of reported fraudulent and suspected activities. Cibil Detect is the first repository in India which will tell banks whether a person or an organisation was a victim of a fraud or was involved in such an act in the past.

Cibil to launch mortgage default database

Religare Enterprises (REL) on Wednesday said it had inducted two global financial sector experts on its board as independent directors, a move which seems attuned to its ambition to venture into the banking business. The financial services firm inducted Stuart Pearce and Kathryn Matthews to its board on Tuesday, shortly after its promoters &mdash; Malvinder Singh and Shivinder Singh &mdash; decided to step down from the board of REL.

Religare appoints two independent directors

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