Reflecting tight cash conditions, net borrowing by banks at the Reserve Bank of India&rsquo;s liquidity adjustment facility (LAF) surged to Rs 82,490 crore.

Banks step up borrowings at repo window

Business Standard

The Reserve Bank of India (RBI) may raise key repo and reverse repo rates in the first half of July to contain inflation, four of the six economists surveyed on Thursday said.

RBI may raise rates early if liquidity eases: Economists

ING Bank NV today sold its entire stake of 3.07 per cent in Kotak Mahindra Bank Ltd, valued at about Rs 801 crore, according to data posted on the National Stock Exchange.

ING sells 3.07% in Kotak Bank for Rs 801 crore

Against minimum 5 per cent annual stake sale, want more flexibility.

Bankers, firms press for change in new public float rules

The company, a 74:26 joint venture between Bharati Group and the French multinational insurer AXA Group, posted a turnover of around Rs 300 crore in the last fiscal and expects to reach a turnover of Rs 510 crore by the end of the current financial year.

Bharati AXA eyes 70 per cent surge in turnover

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 282.82 crore this year with loan assistance to the Government of Karnataka for building up of rural infrastructure projects. With current year&rsquo;s sanction under RIDF XVI to Karnataka, the cumulative sanctions to the state is expected to reach Rs 710 crore, an official statement said.

Nabard sanctions Rs 283 cr to state

Singapore Mercantile Exchange (SMX) today announced the appointment of London-listed FFastFill plc to provide connectivity to the bourse when it goes live in August (2010).

SMX appoints FFastFill for bourse connectivity

Press Trust of India

Congressional negotiators today approved the most sweeping overhaul of US financial regulation since the Great Depression, reshaping oversight of Wall Street.

Lawmakers agree on Wall St overhaul

The sharp increase of 36 per cent could be achieved largely due to better performance of the lead banks like State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BOB) through aggressive financing mainly in industrial and agriculture sectors which had been badly impacted by the slowdown last year.

Banking sector shows 36% growth in U&#39;khand

The yield on government bonds climbed on higher-than-expected rise in prices of oil products and higher cut-off for the government bond auction.

Bond yields rise on fear move will fuel inflation

The increase in fuel prices today may not be a strong reason for the Reserve Bank of India (RBI) to increase rates to contain inflation, which rose to 10.16 per cent in May.

Govt move may not trigger RBI rate hike soon: Bankers

Non-life insurers&rsquo; premium grew 19 per cent to Rs 7,392 crore in the first two months of the current financial year, as compared to the corresponding period last year.

Non-life insurers&#39; premium up 19% during April-May

Chinese central banker Yi Gang said the nation&rsquo;s monetary policies were flexible and could be either tightened or loosened.

China central banker sees 'room to manoeuvre'

Efforts to step up financial inclusion, statewise credit flow to agri sector and progress of Centrally sponsored schemes are likely to top the agenda when Chief Ministers of Western states and PSU bank Chiefs meet Finance Minister Pranab Mukherjee here tomorrow.

FM to meet PSU bank chiefs, CMs tomorrow

The government would decide the second installment of financial assistance after going through Q2 (July-September) financial performance of banks wherein it would be clear which institutions lack how much capital fund.

Capital infusion into PSU banks likely after Q2 result

State-owned Indian Bank today said that it will raise Rs 500 crore through bonds during the first week of next month to fund business growth.

Indian Bank to raise Rs 500 cr via bonds

General insurers grew around 19 per cent by collecting Rs 7,392 crore premium in the first two months of the current fiscal, as compared to the corresponding period last year.

Non-life insurers' premium up 19% in April-May

Misdeeds in the past can make the future tough for investment bankers seeking to advise clients on public offers, as market watchdog Sebi has upped the ante against those with a dark history.

Shady past may haunt bankers in public offers; Sebi ups vigil

Country's largest lender State Bank of India (SBI) is likely to fix its base rate--the new lending benchmark banks will follow from next month--at around 7.75 per cent after factoring in the clarifications made by Reserve Bank of India (RBI) on treatment of concessional loans.

RBI dilutes norms for some loans; SBI base rate likely at 7.75%

The liquidity in the system is expected to remain under pressure on outgo of funds for payment of broadband spectrum fees and government bond auction.

Liquidity to remain tight this week

Just a few days before the new loan pricing regime begins on July 1, the government has asked all public sector banks to quantify their effective interest rates for small borrowers under the new base rate mechanism. The ministry also wants a comparison with the rates under the present benchmark prime lending rate system.

Govt wants banks to send base rate data

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