As many as seven public sector banks (PSBs) might get additional capital from the government shortly, financial services Secretary R Gopalan said.

PSBs may get more funds soon: FinMin

Press Trust of India

RBI aims to upgrade due diligence by banks, NBFCs; analysts say hit on retail loans might ensue.

Loan sell-downs may take a hit

Business Standard

The Reserve Bank of India (RBI) has asked non-scheduled banks to review their deposit exposure to other non-scheduled banks.

UCBs asked to review deposit exposure with one another

Bank of America (BofA) will pay $108 million to settle the US Federal Trade Commission's charges that Countrywide Financial Corp, which it acquired in 2008, had collected excessive fees from hundreds of thousands of customers facing foreclosure of their home loans.

BofA to pay $108 mn to settle FTC case

The country's largest lender, State Bank of India (SBI), today said it is awaiting the Reserve Bank of India's (RBI) approval for picking up a stake of about 30 per cent in Tata Motors Finance.

SBI awaits RBI nod for acquiring stake in Tata Motors Finance

Bhatt will take over the reins of the bank association from Union Bank Chairman and Managing Director M V Nair.

Bhatt is new Indian Banks Association Chairman

Union Finance Minister Pranab Mukherjee today described human resource management as the most &quot;daunting&quot; task facing banks in the coming years.

HR mgmt most daunting task facing banks: FM

But higher volumes may not mean substantial change in fee structure.

New float rule gives more elbow room to I-bankers

A recovery in stock markets and improved access to credit would help bolster sentiment for private-equity (PE) transactions in central and eastern Europe this year, according to a Deloitte &amp; Touche LLP survey.

East European PE outlook improves

The banking system remained in the borrowing mode on Tuesday raising Rs 67,625 crore on a net basis through two liquidity adjustment facility operations conducted by the Reserve Bank of India (RBI).

Liquidity tightens further

State Bank of India, the country&rsquo;s largest lender, has turned a borrower at the Reserve Bank of India&rsquo;s repo window.

SBI turns to repo, says liquidity to remain tight

State Bank of Mysore is hopeful of attaining a 33 per cent current account/savings account (Casa) ratio, with a credit growth rate of 19 per cent in the current financial year.

SBM looks at 19% credit offtake this year

The lower house of the Swiss parliament voted Tuesday to reject a deal with the United States to transfer bank data from 4,450 American clients of UBS suspected of tax evasion, calling into question the future of the carefully negotiated agreement.

Swiss lawmakers reject UBS deal on tax evasion

Manulife Financial Corp Chief Executive Officer Donald Guloien said the Canadian insurer stood to benefit from &ldquo;confusion&rdquo; in Asia surrounding the status of American International Group&rsquo;s local unit.

AIA 'confusion' helps Manulife in Asia: Guloien

In 2008-09, the bank&rsquo;s top executives had decided to forgo their bonus payouts and stock options.

Bonuses, stock options back for ICICI brass

Citigroup Inc.&rsquo;s Wu Sheng and Ji Yehong resigned as managing directors at the bank&rsquo;s China team to join rivals, people with knowledge of the departures said.

Citigroup said to lose three China bankers to rivals

A good monsoon might ease the country&rsquo;s inflationary pressures, allowing the central bank to continue its &ldquo;moderate&rdquo; pace of policy tightening, Deputy Governor Subir Gokarn said today.

Monsoon may cool food inflation, says Gokarn

In a major bid to expand its pan-India footprint, private sector YES Bank, on Tuesday said it planned to open 100 new branches in the next one year. The bank had received licences to open 91 new branches this month, and planned to scale-up its branch network to 250 within the next one-year, it said in a statement.

YES Bank to scale up branch network to 250 by June 2011

Finance Minister Pranab Mukherjee today asked banks to step up their performance to ensure the 20 per cent credit growth projected by the central bank is achieved this financial year.

'Banks must achieve loan growth target, check NPA'

Country's largest lender SBI today said it was planning to mop up Rs 20,000 crore from rights issue by this fiscal end.

SBI to raise Rs 20,000 cr via rights issue

&quot;We are working out the number...It could be between 7.5 per cent and 8.5 per cent,&quot; SBI Chairman O P Bhatt told reporters on the sidelines of seminar organised by the CII here today. The bank would announce the base rate by June 15, he added.

SBI base to be around 7.5-8.5%: Bhatt

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