Prospective buyers might grumble about skyrocketing gold prices, but the recent run-up in bullion has one group of unexpected beneficiaries &mdash; companies who lend against gold. Since they use gold as collateral for loans, any increase in the yellow metal&rsquo;s value means they can disburse larger sums against the same amount of gold.

Runaway gold prices mean more business for financiers

Business Standard

Preliminary report to come in three months.

Bank of India brings in Mckinsey for revamp, growth road map

Infrastructure Development Finance Company (IDFC) on Monday got shareholders&rsquo; approval to raise Rs 3,500 crore. The company also got a nod to double its borrowings to Rs 80,000 crore.

IDFC to raise Rs 3,500 cr, double borrowings

It will be 8 per cent or less, says Bhatt.

SBI to announce base rate today

Issuances of certificates of deposit (CDs) fell on Monday because investors preferred to remain on the sidelines due to the tight liquidity in the banking system, dealers said.Around Rs 2,300 crore of CDs were placed on Monday.

Short-term issuances down

The Reserve Bank of India (RBI) may wait for a few weeks before raising policy rates to contain inflation in view of tight liquidity in the system as well as global economic uncertainty, said a Citigroup report.

RBI may wait before raising policy rates: Citi

Press Trust of India

ICICI Bank on Monday said it would announce its base rate on June 30. The bank also recommended a dividend of 120 per cent at its annual general meeting (AGM) on Monday.

ICICI Bank to announce base rate on June 30

Aegon Religare Life Insurance, a joint venture of the Netherlands-based Aegon and India&rsquo;s Religare Enterprises, eyes three-fold growth in the next financial year. The company is planning to achieve received premium of Rs 500 crore business which is currently of&nbsp;Rs 166 crore. Also, it has plans to double the headcount from existing 1900 employees to around 4000 employees.

Aegon Religare eyes three-fold growth

Leverage is back on Wall Street &mdash; and this time it&rsquo;s the bankers who have it. Firms are adding jobs for the first time in two years, rebuilding businesses cut during the financial crisis and offering guaranteed payouts to lure top bankers.

Wall Street hiring jumps most since 2008

Country's largest public sector lender State Bank of India today fixed its benchmark lending rate at 7.5 per cent following a Reserve Bank directive, a move that will end the practice of sub-prime loan to corporates.

SBI sets base rate at 7.5%

Containing high food prices is a dominant policy concern, the Reserve Bank said today, amid expectations that it may raise short-term borrowing and lending rates next month.

Food inflation a dominant policy concern: RBI

Private sector lender City Union Bank today said it will raise Rs 300 crore through a share sale.

City Union Bank to raise Rs 300 cr via share sale

The Insurance Regulatory and Development Authority (Irda)&rsquo;s guidelines on unit-linked insurance plans (Ulips) could make things a bit more difficult for general insurance companies (GICs).

Irda's latest rules impact health cover turfs

United Arab Emirates&rsquo; (UAE&rsquo;s) banks may need to set aside as much as 20 per cent of their loans to state-owned Dubai World to cover losses after it announced a $23.5 billion debt restructuring, Moody&rsquo;s Investors Service said.

UAE banks may face 10-20% losses on Dubai World : Moody's

Recommendations to be submitted to the Reserve Bank of India for approval.

Bankers' panel finalises views on service charges

Four state-owned banks also announce rates; all eyes on private banks now.

Rising food prices have been a concern for the last few months, but the response to food inflation is beyond the monetary policy, according to RBI Deputy Governor Subir Gokarn.

Monetary policy can't rein in food inflation: RBI

Issuances of short term papers declined today as mutual funds, the major investors in such papers, stayed on the sidelines due to tight liquidity in the system, dealers said.

Ameeting of banks in the state today formally approved a credit plan for the year at Rs 27,400 crore.

Bankers decide to revise annual credit plan

The recent changes made to unit-linked insurance plans (Ulips) are going to pinch the agents that sell these insurance products the most. With the new cap on the charge during the term of the policy, agents are set to see a significant 500-600 basis points fall in commissions.

Commission for Ulips to fall 600-bps to single digits

Sweeteners, liquidity buffers dangled to get over uncertainty.

Realty funds compete on terms for investors

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