CBI has arrested the Chairman and two directors of a listed company in Ahmedabad for allegedly defrauding Andhra Bank of around 21 crore by submitting fake and forged documents.

CMD, 2 directors of A'bad based export house arrested for cheating banks

Press Trust of India

The government-run National Bank for Agriculture and Rural Development (Nabard) did business worth a record Rs 1.36 lakh crore in 2009-10 (long-term and short-term refinancing, plus funding under Rural Infrastructure Development Fund), while its current loans crossed Rs 1 lakh crore.

Nabard's business volume jumps 14% in FY10

Business Standard

With the economic turnaround now on a firm wicket, the Reserve Bank of India (RBI) has made restructuring of debt by companies tougher.

Corporate loan recast norms made tougher

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 44.20 crore for forest conservation in six districts of West Bengal.

Nabard sanctions Rs 44 crore for forest conservation

Credit disbursement for agricultural and allied activities by the National Bank for Agriculture and Rural Development (NABARD) in Gujarat grew by 54 per cent in FY 09-10 over the previous year, a top bank official said here today.

NABARD assistance to state grows by 54% in FY '10

&quot;We would expect this (IndiaFirst Life Insurance) company to break even by the next five years,&quot; BoB Chairman and Managing Director M D Mallya said after inaugurating Gen Next branch here.

BOB promoted life insurance venture to break even by 2015

State-owned Union Bank of India will raise retail term deposit rates by 25 to 50 basis points with effect from Monday, the bank said on Saturday.

Union Bank ups term deposit rates 25-50 points

They are under Sebi and RBI scrutiny for various violations.

Promoters of Bank of Rajasthan seek more time

&ldquo;We will expect this (IndiaFirst Life Insurance) company to break even by the next five years,&rdquo; BoB Chairman and Managing Director MD Mallya said after inaugurating a GenNext branch here.

Bank of Baroda's risk venture may break even by '15

Exchange rate fluctuation has inflated India's external debt by $18.7 billion (about Rs 90,000 crore) during the three-month period ending December 31, 2009, according to a data from the Reserve Bank of India (RBI).

Exchange fluctuation inflates external debt: RBI

Much of Patil panel&rsquo;s to-do list on developing a corp bond market remains shelved .

Dusting off a 4-year-old report, now that the PM wants action

Bankers in Madhya Pradesh have posted a decline in direct housing finance during the last three years. According to Reserve Bank of India Guidelines each bank should attain a share of housing finance at 3 per cent of the incremental deposit of the previous year.

Banks post decline in housing finance

The Reserve Bank of India (RBI) will meet bankers on Monday to take stock of the current macro-economic situation and take note of bankers&rsquo; views on asset quality and credit growth. The meeting, a precursor for the central bank&rsquo;s annual policy announcement scheduled later this month, will be attended by the central bank deputy governors and heads of major banks of the country.

Bankers bullish on loan growth, want CRR to remain unchanged

The National Bank for Agriculture and Rural Development (Nabard), West Bengal, has recorded a 13 per cent increase in business at Rs 3,893 crore for the financial year 2009-10. In the last fiscal, the total business of Nabard in the state was close to Rs 3,444 crore as on 31 March 2009. Some of the development programmes that led to the growth include farmers&rsquo; clubs initiative, Wadi and rural non-farm programme, apart from refinance to banks and financing the state government for creation of rural infrastructure in the state, according to a press release by Nabard.

Nabard business up 13% in Bengal

Accounting regulator ICAI's probe panel has hit out at banks for not doing due diligence on Satyam Computer Services before giving loans, and wondered why the government put Deepak Parkeh on its board, despite his HDFC group being a major creditor to Ramalinga Raju's company.

ICAI panel: Banks were slack on Satyam loans

The Central Bank of India has said it will sign a deal with an asset reconstruction company (ARC) to sell non-performing assets worth Rs 300 crore. It may be noted that the bank had earlier said it is evaluating bids from ARCs to sell NPAs worth Rs 400 crore. The bank also said the Lok Adalat model has been successful in recovering bad personal loans and other dues.

Bank may sign deal with ARC

Private equity fund IL&amp;FS Investments Ltd has acquired an 82 per cent stake in Tiruchirappalli-based GK Industrial Park Pvt for around Rs 70 crore.

IL&FS picks up 82% stake in Tiruchy Park

Favours check on downstream investments by firms with minority foreign shareholding.

FinMin for tighter  FDI control

Swiss banking major Credit Suisse today said it has appointed Aditya Mishra as head of its operations in Delhi with immediate effect.

Credit Suisse appoints Aditya Mishra as Head of Delhi office

The country's two largest private sector lenders--ICICI Bank and HDFC Bank--today played down concerns about being treated as foreign banks on account of majority foreign shareholding in them, saying they continue to remain Indian.

ICICI Bank, HDFC Bank play down 'foreign' tag

IDBI Bank today said it has tied up with Venture Infotek, a transaction management company, to launch its internet payment gateway services.

IDBI Bank ties up with Venture Infotek

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