Kerala-based Federal Bank today denied reports on a takeover move on the bank by IDBI Bank which appeared in a section of the local print media. In a statement issued, the bank clarified that the reports are factually incorrect.

Federal Bank denies acquisition by IDBI Bank

Business Standard

Banking behemoth Citigroup has reported a loss of $7.6 billion for the three months ended December 2009, mainly on account of expenses related to repayment of bailout funds.

Citigroup posts $7.6 bn loss in Q4

Press Trust of India

Budgetary sanction may dip below Rs 3,000 crore.

Chaturvedi panel report on co-ops likely today

Better gains after listing, avoiding pricing pressure on stocks key reasons.

PEs give realty IPO exits a miss

Fourth quarter most active; south India is favourite destination.

VC investments down 43% in 2009

The investment banking division of HDFC Bank has reached the breakeven point within a year of starting operations. The division sees opportunities in project finance as well as debt and private equity syndication, according to a senior executive.

HDFC i-bank breaks even, eyes PE deals

Citigroup Inc, the US bank that is 27 per cent owned by the Treasury Department, ended a three- quarter profit streak with a $7.6 billion loss on costs to exit the government&rsquo;s bailout program.

Citigroup posts $7.6 bn loss in fourth quarter

Deutsche Bank AG, Germany&rsquo;s largest bank, may raise salaries for employees by as much as 30 per cent to increase the proportion of fixed pay to bonuses in overall compensation, a person with knowledge of the matter said.

Deutsche Bank plans salary hikes by up to 30%

The company faced solvency margin issues recently.

Star Allied may rope in ally to shore up capital base

Housing Development Finance Corporation (HDFC) has posted a 23 per cent rise in its net profit at Rs 671.25 crore for the quarter ended December 31,2009 as against Rs 546.83 crore for the same quarter a year ago.

HDFC Q3 net rises 23% to Rs 671 cr

Private sector Dhanalaxmi Bank plans to open 50,000 'no-frills' acounts as a part of its overall endeavour towards financial inclusion.

Dhanalaxmi Bank to open 50,000 no-frills accounts

The Reserve Bank of India is likely to announce a &quot;gradual&quot; exit from its easy money stance and may resort to raising key rates to squeeze out excess liquidity from markets in its forthcoming review meeting, investment banking firm Barclays Capital says.

RBI may exit easy money policy: Barclays

Public sector lender State Bank of Hyderabad (SBH) today said its net profit rose 8.93 per cent to Rs 220.98 crore for the third quarter ended December 31, over the same period last fiscal.

State Bank of Hyderabad Q3 net up 9% to Rs 221 cr

State Bank of India (SBI), which had lowered its loan growth target in the current fiscal on account of a low credit offtake, today said credit growth in FY 11 is likely to improve to around 20 per cent.

'Credit growth in FY11 likely to be around 20%'

The head of the International Monetary Fund (IMF) warned today against excessive capital inflow in some Asian countries although he said the IMF sees no imminent threat of asset price bubbles.

IMF warns of excessive capital inflow in Asian economies

Swiss banking major Credit Suisse has said Neil Harvey will run its asset management business in Asia Pacific and emerging markets from February.

Neil Harvey to head Credit Suisse's Asia asset mgmt biz

Country's largest lender State Bank of India (SBI) today said interest rates are likely to remain stable as liquidity is surplus but there is a need to lower deposit rates to contain the cost of funds.

Interest rates to remain stable in near future: Bhatt

Yes Bank plans to raise $150-200 million through private placement of shares this fiscal, a senior bank official said.

Yes Bank plans to raise $150-200 mn via QIP

Competition watchdog CCI has asked about two dozen banks and housing finance companies, including SBI, HDFC, ICICI Bank and LICHF, to explain their imposing penalty on borrowers for pre-payment of home loans.

CCI issues showcause notices to banks on pre-payment penalty

The bank had a net loss of $194 million excluding expenses related to repayment of Federal bailout funds. In the comparable period, the firm had a net loss of $1.8 billion.

Bank of America posts $194 mn Q4 loss

The buoyant foreign capital flows in debt instruments since the beginning of 2010 could weigh on the Reserve Bank of India&rsquo;s decision on whether to raise policy rates.

Capital inflow surge, rupee rise to weigh on RBI policy action

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2736 - Finance News