After tightening regulatory oversight over urban cooperative banks (UCBs) through its pact with state governments, the Reserve Bank of India (RBI) now wants UCBs to follow the International Financial Reporting Standards (IFRS) to improve governance practices.

UCBs may have to follow IFRS

Business Standard

Britain's biggest bank HSBC is accused of quickening the fall of Lehman Brothers by demanding billions of pounds in collateral days before its collapse, a media report said.

HSBC blamed for hastening Lehman's fall: report

Press Trust of India

Hinduja Bank Middle East was today granted category one license by the Dubai Financial Services Authority (DFSA), upgrading it from the current status of category three bank here.

Hinduja Bank Middle East gets category 1 licence in Dubai

Banking regulator Reserve Bank of India&rsquo;s (RBI) attempts to keep anti-competitive practices watchdog Competition Commission of India (CCI) out of the merger and acquisition (M&amp;A) business of banks seems to have hit a roadblock. The ministry of corporate affairs said it is not agreeable exempting the banking industry from the M&amp;A norms that are expected to be put in place by CCI soon.

Stalement in RBI, competition panel talks over bank M&As

Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate and sought assurances that the US will protect the value of China&rsquo;s dollar assets.

Wen rebuffs yuan calls, is 'worried' about dollar

After achieving the distinction of having 100 per cent financial inclusion through opening of savings accounts, Ganjam district in south Orissa is now gearing up to achieve the status of a total banking district.

Ganjam to be total banking district by March 2011

There is surplus liquidity in the Indian market and the trend will continue in the near future. &ldquo;The reverse repo levels have been hovering above Rs 20,000 crore, which shows there is ample liquidity for the borrowers,&rdquo; Allahabad Bank Chairman and Managing Director J P Dua told Business Standard.

Surplus liquidity in Indian market: Allahabad Bank CMD

State Bank of India (SBI), the largest public sector bank of the country, plans to invest Rs 500 crore-Rs 1,000 crore in the general insurance business in synergy with Insurance Australia Group. The Chairman of the bank, O P Bhatt, said that SBI would keep the 74 per cent stake while 24 per cent would be kept with the private partner. The entity would be named as the SBI General Insurance.

SBI may mobilise Rs 1,000 crore for General Insurance

The Indian rupee depreciated by 13 paise against the dollar in early trade today, following gains in the US currency against its rivals.

Rupee falls by 13 paise against dollar in early trade

Financial services firm Bank of America (BofA) is planning to seek approval from China to expand its operations in the fast-growing country, says a media report.

'BofA seeks to expand in China'

Private sector bank, Yes Bank, has paid an advance tax of Rs 73-crore for FY 10, up 48.98 per cent over last year's figure.

Yes Bank pays Rs 73 cr advance tax

Bank of America (BofA) today said it is likely to infuse capital into Indian operations in the next few months to boost its capital base.

BofA may infuse capital into Indian ops

Banking major UBS shelled out a total compensation of 68.71 million Swiss francs (nearly $65 million) to its executive board members in 2009, while the highest individual pay touched 13.19 million Swiss francs.

UBS pays $65 mn to exec board members

Rating agency Crisil today said the pace of rise in banks' non-performing assets (NPAs) is likely to slow down in months ahead as firms are now in a better position to repay their loans in a recovering economy.

NPAs to rise at a lower pace than before: Crisil

The equity shares of United Bank of India shall be listed and admitted to dealings on the exchange with effect from March 18, the National Stock Exchange said in a circular today.

United Bank of India to list on March 18

West Bengal has fared poorly in most parameters in state-wise comparison of finances by the Reserve Bank of India, even though some of the 'backward' states have showed improvement in their financial performance.

Bengal finances in poor state, says RBI report

Banks on Monday parked Rs 4,230 crore through the Reserve Bank of India&rsquo;s (RBI&rsquo;s) reverse repo window as payment of the fourth installment of advance tax sucked out liquidity from the system.

Advance tax payment sucks out liquidity

&ldquo;Amongst Asia-Pacific countries, Indian entities have been most active in raising funds mostly from infrastructure projects in the power and airports segments. Small amounts were raised for creating industrial capacities by corporates,&rdquo; said a senior executive of a large public sector bank.

4 Indian banks top Asia-Pacific in loan syndication

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Monday said it needs to be ensured that banks do not take &ldquo;undue risks&rdquo; to meet the aimed financial inclusion.

Avoid risk in financial inclusion aim, Gokarn tells banks

The Reserve bank of India (RBI) has asked banks to reveal more information on their market operations, including data related to top 20 depositors, 20 largest borrowers, exposure to four largest non-performing accounts and special purpose vehicles sponsored by them, for the current fiscal.

RBI tells banks to disclose more informatiom on NPAs

The National Housing Bank (NHB) plans to request the finance ministry to exempt reverse mortgage enabled annuity schemes (RMLEA) from income tax. The bank also asked the state governments&rsquo; guaranteed insurance schemes to expand RMLEA to people who are coming to government housing projects.

NHB seeks tax sop for reverse mortage scheme

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