The Reserve Bank of India (RBI) has tightened its grip on the working of Bank of Rajasthan (BoR) further by appointing two Deloitte entities to conduct special audit of the private sector bank&rsquo;s books and accounts.

Deloitte to conduct special audit of Bank of Rajashan

Business Standard

The Reserve bank of India (RBI) would work with all stakeholders and study global experience in formulating guidelines for new banking licences, especially for private companies, Deputy Governor Usha Thorat said on Friday.

RBI to study global cues for bank licences

Private sector Axis Bank had initiated talks with investors to spin off its private equity (PE) business as a separate entity, the lender said on Monday. The move was part of the lender&rsquo;s restructuring plan, said a senior official of the bank. The lender&rsquo;s PE venture, Axis Private Equity, has a fund size of $150 million.

Axis Bank moves to spin off PE arm

For the first time in 17 months, the yield on the benchmark 10-year government paper crossed the 8 per cent mark on Monday, exposing banks to further losses on their bond portfolio.

10-yr benchmark yield crosses 8%

India plans to accelerate sales of state assets to about one a month and tighten requirements for investment banks competing to arrange the $8.8 billion (Rs 40,480 crore) sell-off, according to the official overseeing the divestment programme.

Zero fees to end as govt tightens PSU sell-off rules

The rupee advanced to the strongest level in almost eight weeks on speculation that accelerating economic growth will attract overseas funds to local assets. The rupee strengthened 0.2 per cent to 45.53 a dollar as of the 5:00 pm close in Mumbai, according to data compiled by Bloomberg.

Rupee gains on recovery outlook

The rupee eased by 3 paise against the dollar in early trade today after a six-day rally on fresh capital outflows by foreign funds and a firm US currency.

Rupee eases by 3 paise to 45.55/$ in early trade

Press Trust of India

The country's premier bourse, Bombay Stock Exchange (BSE), today launched its Sensex mobile streamer, a platform that would allow investors to access streaming Sensex data at their fingertips.

BSE launches Sensex mobile streamer

Mirae Asset Global Investments (India) has appointed Gurpreet Singh as its National Sales Head.

Mirae Asset appoints Gurpreet Singh as National Sales Head

As part of its efforts to rationalise costs and divest non-core assets, ICICI Bank has sold a property located at Prabhadevi in central Mumbai.

ICICI sells property in central Mumbai

The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms.

RBI to amend rules to control NBFCs turning LLPs

In the Union Budget last month, the government had proposed to infuse Rs 16,500 crore into public sector banks to help them maintain a comfortable capital adequacy ratio (CAR).

Govt likely to infuse Rs 9,500 crore in banks in Q1: Banking secy

Plans to apply for these in Singapore and Hong Kong, too.

Religare seeks i-banking and broking licence in New York, Dubai

Considering the slow progress of &lsquo;Debt Swap Scheme&rsquo;, the banks in Punjab have decided to adopt a block in each district.

Banks in Punjab to adopt blocks to save farmers from moneylenders

Tax payment, bank credit, NMDC issue to suck out cash over next three weeks.

Liquidity may come under strain

IDBI Bank hoped to raise $250-300 million (Rs 1,680 crore)through a medium-term note (MTN) programme, but would wait until market conditions were more favourable, said Executive Director and Group Head (retail banking) RK Bansal.

IDBI Bank to raise $300 mn through MTN

Ten-year bonds rose for the first time in three days, as yields at the highest in 17 months lured buyers.

Bonds advance as 17-month high yields attract investors

Commodity exchanges MCX, NCDEX and ICEX have reduced trade timings by 25 minutes for non-agricultural commodities to align with the US daylight saving times.

MCX, NCDEX, ICEX revise trade timings for non-agri commodities

The country's largest lender, State Bank of India (SBI), would prefer a rights issue to raise funds for business growth rather than diluting government holding, bank's Chairman O P Bhatt said today.

SBI prefers rights issue to raise capital: Bhatt

Aegon Religare Life Insurance, a joint venture of the Netherlands-based Aegon and India's Religare Enterprises, plans to double its headcount to 3,600 in the next financial year.

Aegon Religare to double headcount next fiscal

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