The disbursement of investment credit by the National Bank for Agriculture and Rural Development (Nabard) to the Karnataka government dropped 29.1 per cent to Rs 745 crore during 2009-10 compared with the previous year. The overall assistance from Nabard for the state during 2009-10 was Rs 3,472 crore, a growth of 15-16 per cent over the previous year.

Nabard's investment credit to B'lore drops

Business Standard

RBI to revisit ceiling once bonds issuance hits Rs 35,000 crore.

MSS issue size fixed at Rs 50,000 cr

International Finance Corporation (IFC), the lending arm of World Bank, is planning to invest around $15 million (around Rs 66 crore) in Aavishkaar Goodwell India Microfinance Development Company II (Aavishkaar Goodwell II), a 10-year-old private equity (PE) fund which supports enterprises active in the microfinance sector in India.

IFC likely to invest $15 mn in Mumbai PE fund

Members of the Reserve Bank of India (RBI) committee could not reach a consensus before issuing a set of directives on the base rate for banks last week. The committee was formed to provide guidelines for determining lending rates and bring in more transparency in the system.

Lack of consensus led to RBI move on base rate

Starting Q3, Aga Khan Foundation to cut holding through QIP, rights issue.

DCB promoters get time till 2014 to reduce stake

The loans provided to the banking system by way of refinance for short-term crop production and long-term investment activities for capital formation in agriculture, non-agriculture and services sector formed the largest share of this financial assistance at 73 per cent.

Nabard's financial assistance at Rs 2297 crore

The country should welcome capital inflows and not place any direct restriction on such funds, Chief Economic Adviser to the Finance Ministry Kaushik Basu said.

FinMin advisor against restrictions on capital flows

The state-run National Bank for Agriculture and Rural Development (Nabard) indicated that it has not rule out diversifying into banking.

Diversifying into banking a possibility: Nabard

The village of Jamburi Hapsi, located a few hours off the road to the Indore airport, has no bank branch in a 7-8 km radius. According to Pravin Bansal, general manager for transaction banking at Union Bank of India, that makes it a perfect candidate to try out the latest tool for financial inclusion.

Financial inclusion gets another boost

Leading mortgage lender Dewan Housing Finance (DHFL) plans to float a housing finance subsidiary targeting the low-income segment in a joint venture partnership with International Finance Corporation (IFC).

DHFL plans to float housing finance arm with IFC

Press Trust of India

Life insurance companies today said the government's intervention to end the turf war between the Securities and Exchange Board of India (Sebi) and IRDA will clear confusion among investors over ULIPs and help in reverting to normal business.

Govt intervention will end row over ULIPs: insurers

State-run lender Punjab National Bank (PNB) today ruled out any increase in interest rates in the near future saying there is enough liquidity in the system.

PNB rules out interest rate hike in near term

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

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

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