Broking firm Geojit BNP Paribas Financial Services plans to open 75 new branches this year.

Geojit to open 75 new branches

Press Trust of India

Dewan Housing Finance (DHFL) has raised Rs 500 crore through a combination of qualified institutional placement (QIP) and preferential allotment of equity shares.

DHFL raises Rs 500 crore through QIP

Business Standard

Bank customers can soon withdraw up to Rs 1 lakh in a single day from ATM machines, and can shop for even an higher amount of Rs 1.25 lakh with their debit cards.

Now, withdraw Rs 1 lakh from ATMs

Swiss banks have offered to tax the money deposited with them by Indians and other foreigners and &quot;immediately deliver the cash&quot; to governments of respective countries, rather than sharing the details of their clients.

Swiss banks ready to tax foreign clients; not for sharing info

City Union Bank (CUB) is planning to raise around Rs 1,000 crore over the next three years through qualified institutional placement (QIPs). The bank had already got approval from its board to raise Rs 300 crore and is planning to seek approval for another Rs 700 crore.

City Union Bank to raise Rs 1,000 cr through QIP route

Companies seeking short-term loans may have to factor in a 25-50 basis point rise in the cost of funds in the coming month, as lending for 3G auctions and advance tax payment is set to squeeze excess liquidity. And, rising delinquencies in the corporate portfolio over the last quarter has led banks to tread carefully in disbursing such loans, the majority being unsecured.

Liquidity pressure may push up short-term lending rates

Traders are closely watching the government&rsquo;s move on auction of fresh securities in light of tight liquidity conditions in the market. They are, in any case, expecting the yield on the 10-year government bonds to harden by 15-20 basis points next week.

All eyes on govt's bond auction plans

American International Group, the bailed-out insurer, remains in negotiations to salvage the sale of its main Asia unit after Prudential requested a lower price to win shareholders&rsquo; approval.

AIG negotiates to salvage deal as PRU CEO seeks to cut price

A two-judge vacation bench of the Supreme Court today declined to hear a petition filed by shareholders of the Bank of Rajasthan, who were objecting to the financial institution's merger with ICICI Bank.

SC refuses to hear BoR shareholders' plea against merger

The State Bank of India (SBI) is likely to get a one-year extension to meet the mandatory 70 per cent loan-loss coverage norms after it sought additional time from the Reserve Bank to fulfil the requirement.

SBI may get one-year extension to meet 70% PCR norms

Private sector lender Axis Bank today said it has no plan to acquire any regional bank.

No plan to acquire regional bank: Axis Bank

The Nainital Bank has raised Rs 30 crore through a right issue to expand its capital adequacy ratio (CAR) to 14 per cent. After putting off plans for an IPO due to adverse market conditions last year, the Nainital Bank chose the path of right issue which hit the market last September. &ldquo;The issue was highly successful and oversubscribed and we raised Rs 30 crore,&rdquo; said chairman and CEO of the bank Animesh Chauhan. the bank has a net business of Rs 3,600 crore.

Nainital Bank raises Rs 30 cr

Current account deficit widens slightly to $12-bn in Dec quarter; decline in invisibles continues.

BoP data show revival in capital flows

India&rsquo;s total external debt increased 11.9 per cent to $251.4 billion as on December 31, 2009, over March 31, 2009, estimates of $224.6 billion, largely on account of depreciation of the dollar. Long-term debt increased 13.8 per cent to $206.2 billion, while short-term debt increased 4.3 per cent to $45.2 billion compared to the end-March estimates of $181.2 billion and $43.4 billion, respectively.

India's external debt jumps 12 per cent

Savings bank account holders are a happier lot. The reason: They will earn more on their deposits from April. However, this isn&rsquo;t good news for banks, as their margins will come under pressure.

Paying more on savings a/cs to put pressure on banks

With yields on government bonds closing higher at the end of March over the third quarter (December 2009), most banks are expected to book losses on their government bond portfolio, putting pressure on their bottom line.

Most banks likely to write down value of bond portfolios

Insurers increase deductibles to lower underwriting losses.

Insurance claims to cost more

VC funds breaking fresh grounds

Bangalore, dubbed the Silicon Valley of India, has had many instances of innovative ideas of individuals taking wings and giving birth to entrepreneurs. While these often happen in silos, people aspiring to take the plunge into entrepreneurship as a career fail to realise what it takes to start a business.

Now TiE to launch Kaun Banega Entrepreneur

Tiger Global Management, a New York-based investment company with close to $2 billion in assets under management, has shut its direct operations in India.

Tiger Global shuts office, may exit investments

The country's largest private sector lender, ICICI Bank, today said credit offtake will pick from July putting pressure on lending rates.

ICICI expects lending rates to go up with higher credit growth

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