The country&rsquo;s foreign exchange reserves fell by $144 million for the week ended December 25, 2009, mainly due to revaluation of currencies. The rupee ended the week at Rs 46.65 to the dollar as against Rs 46.73 at the end of the preceding week.

Forex reserves dip $144 million

Business Standard

Advance tax collections were around Rs 54,000 crore in the third quarter of the financial year.

Govt balance with RBI up on higher revenue collection

In a move that could signal hardening of interest rates, state-owned Union Bank of India has introduced a new scheme that offers higher rates on deposits with a specified maturity. This is for the first time in over a year that a large bank has raised rates on retail deposits.

Union Bank signals rise in deposit rates

National Bank for Agriculture and Rural Development (Nabard) has estimated a credit flow potential of Rs 31,254.74 crore for the priority sector in Karnataka, for 2010-11, an increase of 13.5 per cent over the present year.

Priority sector credit potential estimated at Rs 31,255 crore

About 40,000 vacancies have been created in public sector banks so far this year due to retirements, resignations and expansion of business. The State Bank of India group had 19,000 vacant positions, followed by mid-size banks like Syndicate Bank and Central Bank of India, which have over 3,000 vacancies each. The data is from the Department of Financial Services.

PSU banks need to fill 40,000 vacancies

The National Bank for Agriculture and Rural Development (Nabard), which recently increased the corpus of its Tribal Development Fund (TDF) to Rs 600 crore, has launched six projects for the integrated development of tribals in Karnataka.

Nabard launches six projects in Karnataka

The Indian rupee today gained 7 paise against the US currency in early trade on increased capital inflows into stock markets in line with firming global cues.

Rupee gains 7 paise at 46.54/$ in early trade

Press Trust of India

For FCNR (B) deposits, the revised interest rate in US dollars has been fixed at 1.98 per cent for deposits of one year and above, but less than two years.

Indian Bank revises FCNR(B), NRE deposit rates

&quot;The new brand enables the private bank to reaffirm its identity as part of Societe Generale Group and to leverage further on the Group&rsquo;s multi-service banking model,&quot; the company said in a release here.

SG Private banking is now Societe Generale Private Banking

The US financial services major Goldman Sachs is reviewing&nbsp; whether to move some of the company's operations out of London, following the introduction of 50 per cent bonus tax in the UK, says a media report.

Goldman Sachs may shift London ops: report

Credit policy uncertainty adds to AUM fall of Rs 22,000 crore last month.

Banks pull out money from MFs after RBI caution

Rapid and volatile capital inflows or outflows could pose significant policy challenges, potentially leading to exchange rate overshooting, asset price volatility and financial instability, Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath said in Mumbai today.

Volatile capital flows could pose problems, says RBI

Central Bank of India, a public sector lender, plans to sell non-performing assets (NPAs) of 41 industrial units with an outstanding of Rs 410 crore to clean up its balance sheet.

Central Bank to offload NPA accounts worth Rs 410 cr

The rupee today appreciated by 8 paise to hit a month's high of 46.22 against the US currency in early trade, in line with other firming Asian currencies.

Rupee at month high, rises 8 paise at 46.22/$

Media firm Eros International plans to raise Rs 350 crore through an initial public offer (IPO)&nbsp;and has filed a draft prospectus with market regulator Securities and Exchange Board of India (Sebi) for the same.

Eros plans to raise Rs 350 cr via IPO

Anil Dhirubhai Ambani Group firm Reliance Life Insurance today launched two new products -- Jan Samriddhi Plan and Super InvestAssure Plan here and aims to garner Rs 600 crore premium from them within this fiscal.

Rel Life Insurance launches two new products

Half of the banks in the world will lack an innovation programme to improve services by 2013, severely restricting growth, as pressure from governments and regulators make them risk-averse and inflexible, a study by IT research firm Gartner Inc says.

50% banks will lack innovation programme by 2013: Gartner

Haryana Cooperation Minister Paramvir Singh said that the central cooperative banks in the state would provide a loan of Rs 8,600 crore during the current financial year to the farmers. These banks had provided loans worth Rs 4,306.60 crore during the last financial year to the farmers under various schemes.

Cooperative banks in Hry to provide loans of Rs 8,600 cr

Bankers will next week make a strong pitch to the Reserve Bank of India (RBI) to maintain sufficient liquidity to meet the demand for funds from the corporate sector.

Banks to pitch for liquidity in pre-policy meet

IDBI Bank Chairman and Managing Director Yogesh Agarwal has emerged the frontrunner for the post of the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

Agarwal leads race for pension regulator's job

Pension Fund Regulatory and Development Authority (PFRDA) would launch a low-cost pension scheme on April 1 to provide social security cover to economically weaker sections like rickshaw pullers, barbers and daily-wage labourers.

Low-cost pension plan to take off on April 1

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