Most people are not surprised with Ajay Adiseshann&rsquo;s regular use of his mobile handset for paying utility bills and making other purchases, like booking movie tickets. After all, Adiseshann is the founder and managing director of mobile commerce (m-commerce) company PayMate.

Will that be cash, card or phone?

Business Standard

The consolidated farm credit potential in Uttar Pradesh has been pegged at Rs 51,400 crore for the 2010-11 fiscal by National Bank for Agriculture and Rural Development (Nabard).

NABARD pegs UP farm credit potential at Rs 51,400 crore

A year after it was opened, the first all-women branch of the Uttaranchal Gramin Bank here has already got down to business.

U'khand's first all-women bank branch in pink of health

Riding high on a resurgence in the stock market and to serve potential investors of the northern states, North India-based financial services company Abhipra is aggressively targeting the region. The company plans to open 500 branches (including company and franchise owned) spread across Punjab, Haryana and Himachal Pradesh in next 12 months.

Abhipra to open 500 branches in northern states

State-owned IDBI Bank is believed to have zeroed in on Kerala-based private sector lender Federal Bank for acquisition.

IDBI Bank zeroes in on Federal Bank for acquisition

Press Trust of India

Citigroup today appointed Alasdair Morrison, a former head of Moragn Stanley Asia, as Senior Adviser of Citi business in Asia in a bid to support the bank's expansion in the region.

Citi hires Morrison as Senior Adviser of Asia biz

The multilateral lenders like the World Bank and Asian Development Bank (ADB) have agreed to shortly extend $2.4 billion (around Rs 12,000 crore) to the state-owned India Infrastructure Finance Company (IIFCL)&nbsp;to fund various projects.

IIFCL ties up for $2.4-bn World Bank, ADB loans

Private sector Dhanalakshmi Bank has partnered with Bank of New York to facilitate online remittance services from the US to India.

Dhanlaxmi, Bank of New York tie-up for online remittance

IDBI Bank homes in on Federal Bank for acquisition

Subbarao says no need to increase deposit cover limit.

Reserve bank likely to widen scope of deposit insurer

The Reserve Bank of India (RBI) on Monday said that the timing and sequence of exit from an easy monetary policy were still a challenge.

Timing stimulus exit is a challenge: RBI

India Infrastructure Finance Co was likely to finalise the takeout financing scheme within a month and might implement it by the first week of March, Chairman and Managing Director SS Kohli said today.

IIFCL takeout financing scheme in a month

Banks continued to issue certificates of deposit (CDs) on expectations the Reserve Bank of India might hike the cash reserve ratio (CRR) in its policy on January 29, dealers said.

Banks CD issuances continue

After RBI&rsquo;s scheme, banks firm up plans to hire business correspondents, run pilot projects for financial inclusion.

200,000 recruits to bring bank to your doorstep

While car loans have become cheaper, car companies may raise prices in the coming months. But the customer still benefits because of a higher resale value.

Higher prices, cheaper loans

Banks operating in Gujarat registered a robust growth in deposits and as of September 2009, deposits stood at Rs. 2,06,301 crore, an increase of Rs.

Banks in Gujarat post robust growth in deposits : SLBC

Mangalore-based public sector lender, Corporation Bank, today launched E-Stamping facility in Karnataka as part of its strategy to increase the bouquet of products and services being offered to its clients. E-Stamping is a computer-based application and a secured electronic way of stamping documents.

Corp Bank launches E-Stamping

Account for close to 75 per cent of deposits, advances.

Public sector banks gain market share

ICICI Bank, the country&rsquo;s largest private sector lender, has raised deposit rates on select maturities. It is the second bank to do so since the start of the month.

ICICI Bank ups deposit rates

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

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

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