Housing Development Finance Corporation (HDFC) plans to raise up to Rs 25,000 crore through non-convertible debentures (NCDs) in the current financial year through private placements.

HDFC to raise Rs 25,000 cr through NCDs

Business Standard

The central bank may classify them as foreign-owned Indian banks.

RBI may save HDFC Bank, ICICI from new FDI rule

To delist from exchanges, may exit merchant banking.

HSBC investdirect to focus on NBFC business

Fifteen years ago, Ajay Banga, the then marketing director of Pepsico in India, was involved in a public spat with Madan Lal Khurana &mdash; the then head of Delhi&rsquo;s Municipal government and a leader of the Bhartiya Janata Party &mdash; over a closure notice to a Kentucky Fried Kitchen outlet in Delhi.

We view India with excitement: Ajay Banga

Mumbai-based mortgage lender Dewan Housing Finance (DHFL) today said it planned to launch a finance joint venture (JV) focused on low-income housing in partnership with International Finance Corporation (IFC), the private sector lending arm of the World Bank.

DHFL to launch housing finance JV with IFC

China&rsquo;s four largest publicly traded banks need 480 billion yuan ($70 billion) of capital to comply with regulatory requirements for financial strength, according to Industrial &amp; Commercial Bank of China Ltd.

China's big banks need $70 billion capital: ICBC

The cost of remittances across various modes has come down significantly.

E-transfer preferred mode for NRI remittances: RBI study

Global private equity (PE) firm Carlyle Group is planning to invest around $850 million (around Rs 3,750 crore) in India in the near future, according to the fund.

Carlyle Group to invest $850 mn in India soon

The Reserve Bank of India (RBI) has come down heavily on banks for asking collateral for educational loans below Rs 4 lakh.

RBI raps banks on collateral for small-ticket study loans

The finance ministry will review the selection process for the posts of chairman and managing director (CMD) of eight public sector banks (PSBs) following complaints from some Members of Parliament (MPs). The appointments may be delayed now.

Govt to review bank CMD selection process

Unhappy with the wage settlement, 80 per cent of State Bank of India (SBI) officers in the senior management grade have resigned from the membership of the officers&rsquo; association.

SBI officers quit association, protest wage settlement

Concerned over the ongoing public spat between the two regulators, the government today asked Sebi and IRDA to move court immediately on the contentious issue of who will regulate unit-linked insurance products (ULIPs).

Govt asks Sebi, IRDA to move court at once on ULIP

Press Trust of India

In a sharp rebuff to market regulator the Securities and Exchange Board of India (Sebi) for banning issuance of any fresh unit-linked insurance products (ULIPs), insurance regulator IRDA today asked insurance companies to ignore it just like the previous order.

IRDA tells insurers to ignore Sebi's fresh order

Bailed out insurer American International Group (AIG) today said it will sell its portfolio of 53 aircraft to Australia-based Macquarie Group in a $2 billion-deal.

AIG to sell 53 aircraft to Macquarie for $2 bn

Foreign lender Citi has appointed Ravi Kapoor as the head of its global banking in India with immediate effect.

Citi names Ravi Kapoor as head, global banking India

The Orissa government plans to create a special corpus for the development of the mining areas in the state.

Special fund for mining area development planned

UBS AG Chief Executive Officer Oswald Gruebel said he&rsquo;s upbeat about the prospects for Switzerland&rsquo;s biggest bank after a return to profit, even as he predicted further withdrawals at the private bank.

UBS defies politicians, vows to pay market rates to attract bankers

Swiss lawmakers, bowing to pressure from bankers representing 7.6 per cent of the nation&rsquo;s gross domestic product, are poised to back the government&rsquo;s settlement with the US over tax evasion resulting from a tradition of bank secrecy.

Swiss lawmakers bow to bankers urging UBS settlement

JPMorgan Chase &amp; Co, the second- biggest US bank by assets, beat analysts&rsquo; estimates as first-quarter earnings rose 55 per cent on record fixed-income trading revenue and a reduction in provisions for credit losses.

JPMorgan net rises 55 per cent

The National Bank for Agriculture and Rural Development (Nabard) has released Rs 1,008 crore of the Centre&rsquo;s share of recapitalisation assistance to 3,200 primary agriculture credit societies (PACS) in the state based on the promise of Tamil Nadu to introduce cooperative reforms as suggested by the Vaidyanathan Committee, according to a senior official of Nabard.

Nabard pumps Rs 1,008 cr into agri credit co-ops

Housing finance major HDFC today lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans.

HDFC lowers teaser home loan rate to 8.25%

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