JPMorgan Chase &amp; Co, Lehman Brothers Holdings Inc and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to US state and local governments on investments, according to documents filed in a US Justice Department criminal antitrust case.

JPMorgan, lehman, ubs  named as conspirators in Muni bid-rigging

Business Standard

The government has identified 13 public sector banks for capital infusion of Rs 16,500 crore during the next financial year. This is to ensure that public sector banks have Tier-I capital of 8 per cent.

Rs 16,500 cr to be infused into 13 banks in 2010-11

Focused on grid connected renewable power projects, the Maharashtra Energy Development Agency (MEDA) is gearing itself to achieve 10 per cent of the gross electricity generation in the state through non-conventional alternative sources by 2015.
&quot;As renewable energy generation in the state attained 3.95 per cent mark in 2009, the endeavour now will be to achieve 6 per cent in 2010-11. This will be scaled up by one per cent each year to attain 10 per cent mark by 2014-15,&quot; according to

Renewable energy to rescue of power-starved M'rashtra banks

Press Trust of India

Taking a cue from its bigger counterparts like State Bank of India and ICICI Bank, Government-owned lender, Bank of India has tapped the international market to raise $500-million through a bond issue.

Bank of India mops up $500-mn via bond issue

Non-payment of loans by small borrowers has led to increase in volume of non-performing assets (NPA) in the banking sector, Executive Director of Bank of Baroda (BOB), R K Bakshi said today.

Defaults by small borrowers increasing NPA of banks

IDBI Bank and Union Bank are the latest entrants.

Govt banks make a dash to start mutual fund business

In March alone, 19 banks have been shut down.

Bank failures in US rises to 41

Tamil Nadu-based City Union Bank (CUB) is planning to raise around Rs 1,000 crore over the next three years to support its business target of Rs 50,000 crore by 2013-14. The bank had said, the incremental funds will be raised through rights issue, qualified institutional placements (QIP) or through preferential allotments.

City Union Bank to raise Rs 1,000 cr in 3 years

The government has assured the high level committee on financial markets (HLCC) that it will not finalise the roadmap for the proposed Financial Stability Development Council without consulting the regulators.

Govt to consult regulators on FSDC

Private sector lender Axis Bank today said it is in talks with Max New York Life to acquire up to five per cent stake in the latter.

Axis Bank eyes up to 5% stake in Max New York Life

Dealers said the yield on 10-year benchmark (6.35 per cent 2020 paper) had moved up beyond 8-per-cent mark for a while on Monday as reaction to RBI&rsquo;s rate hike action. Later, yields eased and have been range-bound.

Bond yield to remain range-bound

Mumbai, Mar 29 (PTI) Shortly after launching the general insurance business, the country's largest lender State Bank today entered the custodial services space with SBI Custodial Services, a joint venture with Societe Generale of Frence.

SBI enters custodial services in JV with Societe Generale

Private sector lender Axis Bank today said it would open 30 more branches over the next two days and is planning to seek 250 branch licences in the coming fiscal.

Axis Bank to open 30 branches by Mar 31

Bank deposits in Tamil Nadu increased 16.54 per cent during the year ended December 2009, to Rs 2,55,735 crore, according to the State Level Bankers&rsquo; Committee (SLBC).

Bank deposits up 17% in TN

Deccan Grameen Bank (DGB), a regional rural bank sponsored by State Bank of Hyderabad, would add 20 branches in 2010-11 to serve the urban poor. Of this, 10 branches would come up in Hyderabad.

Deccan Grameen Bank to open 20 branches

Banks turn net borrowers at RBI's liquidity window

Non-resident Indian (NRI)-businessman Surachan Chawla is likely to offload 14.5 per cent of the stake held in Kerala-based Catholic Syrian Bank (CSB) to a clutch of foreign investors this week to conform with a Reserve Bank of India&rsquo;s (RBI&rsquo;s) directive.

CSB shareholder Chawla may sell 14.5% stake

Taking ahead the process of consolidating associate banks, State Bank of India (SBI) has decided to issue 34 of its shares for every 100 shares of State Bank of Indore to its minority shareholders.

State Bank-Indore merger swap ratio set at 34:100

Public sector Bank of Baroda (BoB) started marketing a benchmark five-and-a-half-year dollar bonds, becoming the third Indian lender to offer notes within four business days, according to a person familiar with the matter.

BoB kicks off 5.5-year dollar bond sale

No word on OMOs, but analysts don&rsquo;t foresee a problem.

63% borrowing to be over by Sept

Any further hike in policy rates by the Reserve Bank of India(RBI) is expected to dampen the demand for the residential real estate segment due to the rising cost of home loans.

Any rate hike to dampen residential segment

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