With rising volatility in currency markets in the wake of the debt crisis engulfing Europe, banks have begun to ask Indian exporters to fully hedge their earnings in euro, pound sterling and Swiss franc.

Fully hedge euro exposure, say bankers

Business Standard

Life cover to be bundled with pension plan from July.

Unit-linked pension plans may lose charm

European stocks plunge for a third day, euro drops to 14-mth low against dollar.

Trichet resists call to step up Greek crisis fight as ECB keeps rate at 1%

Rajat Gupta, the Goldman Sachs Group Inc director who is being investigated by the US authorities over his links to Galleon Group LLC founder Raj Rajaratnam, had a long-standing business relationship with the billionaire hedge fund manager.

Rajat Gupta did business with Rajaratnam

Private Equity (PE) and Venture Capital (VC) funding in India needs to increase three-fold to $30 billion annually from the current level to shore up funding for small but promising companies, said a KPMG-CII report.

'PE/VC funding needs to grow three times to $30 bn'

Press Trust of India

New Delhi, May 7 (PTI) Private Equity (PE) and Venture Capital (VC) funding in India needs to increase three-fold to $30 billion annually from the current level to shore up funding for small but promising companies, said a KPMG-CII report.

Three-fold growth needed in PE/VC funding: KPMG-CII

Lawyers of embattled Goldman Sachs met with representatives of the US market regulator SEC this week, a move seen as an attempt to settle the lawsuit against the banking major, according to reports.

Goldman in talks with SEC for possible settlement

Private sector lender ICICI Bank today claimed that it continues to be the second largest bank in the country in terms of total assets, which it described as a &quot;relevant&quot; measure for ranking.

ICICI says it is still the 2nd largest bank

Axis Bank today announced the launch of its Hong Kong website, which would have details on the products and services offered by the private Indian lender in the Chinese commercial hub.

Axis Bank launches Hong Kong website

The Export Import Bank of India (Exim Bank) today said it is planning to raise Rs 24,000 crore during the current fiscal.

Exim Bank to raise Rs 24,000 cr in FY11

The cost of insuring against losses on European bank bonds soared to a record, surpassing levels triggered by the collapse of Lehman Brothers Holdings Inc, as the sovereign debt crisis deepened.

Bank risk soars to record, debt crisis deepens

Commercial banks in Karnataka are planning to extend insurance and other banking services to targeted beneficiaries to all villages with a populat-ion of over 2,000. The banks have prepared financial inclusion plans (FIPs) to provide banking facilities to all villages by way of a regular brick and mortar branch or using information and communication technology through banking correspondent (BC) model.

Banks will extend insurance to 'all' villages in state

Conversion premiums fall, investors insist on stiffer conditions.

FCCB volumes up in 2009-10, but flow still weak

Bank of India (BoI) has reported a 47 per cent drop in net profit in the fourth quarter ended March due to a sharp rise in provisions for bad loans. The bank&rsquo;s net profit fell to Rs 428 crore as against Rs 810 crore in the same quarter a year ago.

BoI Q4 net falls 47% to Rs 428 cr

Vijaya Bank has set a target of 21 per cent growth in its overall business for 2010-11 to reach the Rs 1,26,000 crore mark.

Vijaya Bank sets Rs 1.26 lakh crore business target

Bajaj Allianz Life Insurance posted a profit of Rs 427 crore in 2009-10 as against Rs 41 crore in the previous year. After distribution of surplus from the revenue account to the shareholders, shareholders&rsquo; profit stood at Rs 417 crore.

Bajaj Allianz Life profit up at Rs 427 cr

Infrastructure funds are expected to fare well in the next three-years as investments in the sector will increase substantially during the period, a top mutual funds industry official said today.

Birla AMC upbeat on power, infrastructure

Mumbai, May 9 (PTI) Crisis-ridden private-sector lender, Bank of Rajasthan's promoter, P K Tayal today ruled out any possibility of selling his stake in the bank amidst speculations that ICICI Bank and Axis have evinced interest for a buy out.

Tayal not open to sell stake in Bank of Rajasthan

Four state-run banks--Vijaya Bank, Central Bank of India, UCO Bank and United Bank of India --are likely to get Rs 1,500 crore as part of their recapitalisation package soon, according to sources.

4 banks to get Rs 1,500-cr fund infusion soon

Public sector lender UCO Bank's proposed foray into Dubai has been kept on hold due to global recession and Dubai economic crisis, a senior official of the bank has said.

Recession puts UCO Bank Dubai JV on hold

The World Bank has approved a $117.70 million (around Rs 517 crore) IDA credit to improve the quality of and access to health services in Tamil Nadu. This comes as additional financing to the Tamil Nadu Health Systems Project which was approved on December 16, 2004, with an IDA credit of $110.83 million (around Rs 485 crore).

WB approves $117 mn loan for healthcare project

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