The recent past has seen quite a few senior employees of brokerages and investment banks switch jobs. The churn has been visible in both foreign and domestic entities.

I-bankers bet on good times, switch jobs

Business Standard

A day after the conclusion of the 3G auction process, the net borrowing by banks from the Reserve Bank of India (RBI) under the liquidity adjustment facility (LAF) doubled to Rs 12,775 crore from Rs 5,575 crore yesterday. However, bankers said the liquidity situation was not as tight as expected with call rates falling below the 5 per cent mark before markets closed for the day.

Banks borrow more from RBI as liquidity remains tight

The ongoing economic crisis in the euro zone may have at least one positive aspect &mdash; higher remittances to India. While, according to banks, there was at least a 10 per cent reduction in remittances in the last quarter, it is still expected that another crisis in the euro zone may lead to a rise in remittance inflows in the coming months.

Euro crisis may raise remittances to India

According to data released by the Reserve Bank of India (RBI), bank credit went up by Rs 2,406 crore to Rs 32,30,178 crore at the end of May 14. On a year-on-year basis, credit has grown by 18.04 per cent. During the fortnight ended May 7, banks lent an additional Rs 13,030 crore.

Bank credit up 18%; infra sector gets lion's share

The Supreme Court judges hearing a petition against the merger of Bank of Rajasthan (BoR) with ICICI Bank on Wednesday described it as an &ldquo;abuse of process of law&rdquo; and asserted that they would not hear the case unless the petitioner disclosed in an affidavit how many shares he held in BoR.

SC questions standing of petitioner in BoR merger

The XIX Commonwealth Games to be held in Delhi in October this year has already generated a business of Rs 5,000 crore in the form of deposits for Central Bank of India, the official bankers of the games, according to Vijai Misra, its deputy general manager.

Central Bank expects more visibility from C'wealth Games

Emergency policies introduced during the liquidity crisis and a high fiscal deficit could have damaging consequences for India and policy makers should look at an effective &lsquo;exit strategy&rsquo;, said Stephen Roach, noted economist and chairman of Morgan Stanley Asia.

Effective exit policy a must for Indian economy: Roach

HDFC Bank can double in size every four years, but it is not in a race to become the largest among all, says Deepak Parekh, Chairman of the private sector lender's parent company HDFC Ltd.

HDFC Bank to double in size every four years, says Parekh

Press Trust of India

State Bank of Hyderabad (SBH), an associate bank of State Bank of India, will recruit as many as 2,000 clerical and 600 supervisory staff during the current financial year, a top bank official said today.

State Bank of Hyderabad to recruit 2,600 this year

HDFC Bank today said it is not looking at any inorganic growth for now as it plans to consolidate its business after the recent acquisition of Centurion Bank of Punjab (CBoP).

Not looking at takeovers for now: HDFC Bank

The Reserve Bank of India (RBI) will not tinker with policy rates unless absolutely necessary, Deputy Governor K C Chakrabarty has said.

RBI not to tinker with policy rates unless necessary: Chakrabarty

The central bank needs to consider a cash crunch in setting interest rates as companies pay third-generation (3G) phone license fees, said Kaushik Basu, the chief economic adviser in the finance ministry. &ldquo;With the 3G auction and demand for credit having picked up, there is a credit hunger now,&rdquo; Basu, 58, said in New Delhi on Thursday.

India must consider credit hunger in setting rates: Basu

The committee constituted by the Reserve Bank of India (RBI) to look into the issue of customer service by banks to small borrowers including pensioners will hold its first meeting this month. It will submit its report within four months after the meeting.

RBI panel to take stock of banks' customer service

The Rushikulya Gramya Bank (RGB), one of the regional rural banks in Orissa, will soon introduce on-line transaction facilities and issue biometric ATM cards to its customers.

RGB to introduce online transaction

The Group of 20 nations is split on the scale and timing of increases in bank-capital requirements that have been under discussion since governments were forced to bail out lenders, an official from a G-20 government said.

G-20 split on plan to raise bank capital, says official

With Prudential calling off plans to acquire AIG&rsquo;s Asian life insurance unit, the Tatas &mdash; who have a 74:26 joint venture with AIG called Tata AIG Life &mdash; are unlikely to buy the stake held by their foreign partner immediately.

Tatas not in hurry to buy AIG stake in life venture

In 2007, when Mexico-based microfinance institution (MFI) Banco Compartamos announced plans to go public, its critics were unforgiving. Some like Mohammad Yunus, the Nobel prize-winning founder of Bangaldesh&rsquo;s Grammen Bank, blasted it for chasing profits at the cost of its social objectives.

SKS Microfinance may launch IPO by July

Seven banks, including SBI, saw their bottom line shrink in the fourth quarter.

Public sector lenders bank on austerity to shore up balances

The sub-committee of the State Level Bankers&rsquo; Committee (SLBC) on enhancing flow of credit to handloom and handicraft sector has suggested the banks to increase funding to these sectors.

Banks urged to lend more to textile, handloom

The Reserve Bank of India (RBI) has proposed to tighten securitisation norms for non-bank financial companies (NBFCs), which will bring these on a par with those for banks.

Tighter securitisation norms for NBFCs proposed

The Bombay Stock Exchange (BSE), today said it has resolved 281 investor complaints against 194 companies in May, including complaints brought forward from the previous periods.

BSE resolves 281 complaints against 194 companies in May

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