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

Business Standard

Concerned over the exploitation of credit card holders, a Parliamentary Committee has suggested that RBI should prescribe maximum interest rate that can be charged by banks from customers.

Par panel for capping of interest rates on credit cards

Press Trust of India

Insurance regulator Irda has directed New Delhi-based Radiant Overseas to stop selling insurance policies of a Ukraine insurer as they are not registered with the sectoral watchdog.

Irda asks Radiant not to sell policies of Ukraine's insurer

Bancassurance, or selling insurance, products through bank branchers, will play a crucial role in the overall development of the domestic insurance sector, with private insurers expected to mop up 40 per cent of their premium income by 2012 through this distribution model.

Bancassurance could get 40% income for pvt insurers: Study

Max Bupa Health Insurance, a new entrant in health insurance sector in the country, plans to infuse around Rs 550 crore in the next five years, a top company official said.

Max Bupa Health Insurance to infuse Rs 550 cr in five yrs

To&nbsp;attract more investment into mutual funds, the Association of Mutual Funds&nbsp;in&nbsp;India (Amfi) has asked the industry players to organise around 200 investor&nbsp;awareness programmes in a month.

Amfi asks fund houses to improve investor awareness

Winds of change are blowing across Mumbai&rsquo;s Mint Road.

RBI rolls out HR reforms

Chairman, managing director to retire in few months.

SBI to go for top deck rejig

Berkshire Hathaway Inc&rsquo;s Warren Buffett praised Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein and said the bank shouldn&rsquo;t be blamed for losses suffered by clients who invested in mortgage bets at the center of a fraud suit filed by regulators.

Buffett backs Goldman Sachs on Abacus trade, praises Blankfein

ICICI Bank plans to increase its headcount by hiring 5,000-7,000 people this year, a top bank official said.

ICICI Bank to hire up to 7,000 people this year

Private sector lender Kotak Mahindra Bank today said its board will meet on May 11 to consider a proposal for the sub-division of its shares, which have a face value of Rs 10 each.

Kotak Mahindra board to consider stock-split on May 11

ICICI Group does not see any problems to its expansion plans due to the government's FDI norms that classify the bank as foreign-owned.

ICICI sees no threat to expansion from nationality

Before his elevation to the new post, John was the Chief General Manager and Chief Financial Officer of the bank, a Federal bank release said here today.

Federal Bank appoints new Executive Director

State-owned Central Bank of India is aiming for a credit growth at least 25 per cent this fiscal, a top bank official said.

Central Bank aiming for credit growth of 25% in FY11

Under fire from many a corner, Goldman Sachs is looking to change some of its practices in dealing with institutional clients, a move that could help the troubled Wall Street giant to settle charges slapped by the American market watchdog, says a media report.

Goldman plans to change some of its practices: Report

The country&rsquo;s largest home loan company, Housing Development Finance Corporation (HDFC), has posted a 26 per cent rise in net profit at Rs 926.38 crore in the fourth quarter ended March, compared with Rs 733.37 crore in the March quarter of the previous year.

HDFC net jumps 26% on higher disbursal

Central Bank of India on Monday reported a 174.65 per cent rise in net profit to Rs 171.68 crore during January-March compared to Rs 62.51 crore in the same period of the previous year.

Central Bank net zooms 175%

Government-owned UCO Bank has recorded an over three-fold rise in net profit to Rs 380 crore for the quarter ended March 31, compared with Rs 103 crore in the year-ago quarter.

UCO Bank posts three-fold rise in net profit

Public sector lender United Bank of India (UBI) on Monday reported a 65 per cent drop in net profit at Rs 46.22 crore for the quarter ended March 31, against Rs 134.84 crore in the same period last year.

UBI net drops 65%

Nothing deters the women who form a snaking queue in front of the partly constructed building that is the office of Bandhan, a micro-finance institution. Not the stifling heat of the summer afternoon, not the poor infrastructure, not even a nationalised bank&rsquo;s branch that sits just a few yards away, wallowing in its loneliness.

Micro-finance institutions: Pay more for less hassle

The government has decided to chalk out a two-year programme to push financial inclusion initiatives by banks to bring it in line with the unique identity plan for the country.

Govt to chart two-year plan for financial inclusion

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