Sweeteners, liquidity buffers dangled to get over uncertainty.

Realty funds compete on terms for investors

Business Standard

Infrastructure Development Finance Corporation (IDFC) has raised Rs 2,654 crore by a qualified institutional placement (QIP), attracting demand for twice the shares on offer, according to an advisor to the sale.

IDFC sells shares worth Rs 2,654 cr

United Kingdom-based Eredene Capital, which has a $100 million (Rs 460 crore) infrastructure fund in India, is planning to increase its fund size.

Eredene eyes new fund

Government-owned IDBI Bank today announced its base rate at 8 per cent, below which it will not lend from tomorrow.

IDBI bank base rate at 8%

Press Trust of India

Founded two years after Mao Zedong's communist revolution, Agricultural Bank of China was created to lend money to the country's poor farmers and distribute state money to rural areas.

Rural roots to blockbuster IPO: China's AgBank

The Reserve Bank of India (RBI) directive to banks, asking them not to honour cheques with overwriting, will come into effect from December 1 instead of the earlier scheduled date of July 1, the apex bank said in its latest circular.

No overwriting on cheques after December 1: RBI

Banking major Standard Chartered Bank today said that it will invest $500 million in an initial public offering launched by the Agricultural Bank of China, expected to be the world's largest public issue.

StanChart to invest $500 mn in China's AgBank IPO

Japan's Sumitomo Mitsui Banking Corporation today announced that it would invest Rs 1,366 crore for a 4.5 per cent stake in private sector lender Kotak Mahindra Bank.

Japan's Sumitomo to buy 4.5% in Kotak Bank

Private sector lender HDFC Bank today fixed the minimum lending rate at 7.25 per cent, 25 basis points lower than market leader State Bank of India's (SBI) rate.

HDFC Bank sets base rate at 7.25%

A government-appointed panel today called for according the coveted Maharatna status to the nation's largest lender State Bank of India (SBI), and Navaratna and Miniratna tags to other state-owned banks to foster competition.

Govt panel moots Maharatna status for SBI

Private sector Lakshmi Vilas Bank today said it plans to float a housing finance subsidiary and also to raise around Rs 400 crore to fuel expansion.

Lakshmi Vilas Bank plans home-loan foray

State Bank of India today extended its 8 per cent concessional home loan scheme for another three months till September, which is 0.5 per cent higher than its minimum lending or base rate.

SBI's teaser home loans till Sept; at 0.5% above base rate

The Reserve Bank of India (RBI) has asked banks to provide more loans to micro and small units so that credit to them grows by 20 per cent annually, as sought by a task force appointed by Prime Minister Manmohan Singh.

Achieve 20% growth in credit supply to MSEs: RBI asks banks

Country's largest private sector lender ICICI Bank today pegged its minimum lending rate at 7.5 per cent, the same as State Bank of India's (SBI) rate.

ICICI Bank fixes base rate at 7.5%

Government-owned UCO Bank has recorded over three fold increase in net profit at Rs 380 crore for the quarter ended 31 March 2010, compared to Rs 103 crore in the same period last year. The rise in profit, almost 269 per cent, was on account of aggressive shedding of high cost deposits and rise in yield on advances, said S K Goel, chairman and managing director, UCO Bank.

UCO net up 3-fold

The Bangalore-based public sector lender, Vijaya Bank, aims to achieve a 23 per cent credit growth with greater emphasis on retail sector lending during the present fiscal. Credit growth in the last fiscal stood at 17 per cent due to the subdued demand for credit.

Vijaya Bank aims to up credit 23%

The country&rsquo;s largest public sector lender, State Bank of India (SBI), has extended its special home loan scheme, popularly known as teaser rates, by two months even as the two largest private lenders, ICICI Bank and Housing Development Finance Corporation (HDFC), decided to let their similar schemes lapse.

SBI extends teaser rates till June

Public sector lender Allahabad Bank has recorded a 15 per cent dip in net profit to Rs 224.50 crore for the quarter ended March 2010, as against Rs 264.08 crore in the same period last year.

Allahabad Bank Q4 net dips 15%

Emirates NBD, a leading bank in the region, today launched as part of its NRI services, a special online remittance facility for its Indian clients in association with Mumbai-based HDFC Bank.

HDFC ties up with UAE bank for online remittances

The 7.80 per cent 2020 paper is now the new benchmark (10-year bond) for assessing the yield trend.

New benchmark bond to lower govt's borrowing Cost

Berkshire Hathaway Inc swung to a profit in the first quarter as rising markets increased the value of investments, and a recovering economy boosted results at industrial operations.

Berkshire swings to profit; Buffett says economy rebounding

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