The Indian rupee today strengthened by 7 paise to 46.57 a dollar against in early trade on hopes of fresh capital inflows into equity markets in line with firming trends on the Asian markets.

Rupee up 7 paise at 46.57/$ in early trade

Press Trust of India

London-based banking major, Standard Chartered today announced the appointment of Jaspal Bindra as its new Group Executive Director. Bindra, who was serving as StanChart's Asia Chief Executive Officer, will continue to oversee the bank's Asian operations, a press release said.

StanChart names Jaspal Bindra as Group Executive Director

Europe today urged the IMF to introduce a &quot;social&quot; tax on banks, insurers and markets to repay taxpayers' support during lean years with a slice of boom-time profits.

Europe seeks 'social' tax on banks worldwide

Business Standard

The yield on the 10-year government paper reached the highest level in over a year on fear the central bank will start tightening monetary policy due to high food inflation.

Bond yields touch a year high, then slip

Standard Chartered Bank today announced the appointment of Jaspal Bindra to the bank&rsquo;s global board of directors. As part of its strategy to diversify its board it also roped in former South Korean Prime Minister Han Seung-Soo, AstraZeneca CFO Simon Lowth and Former HSBC Finance Director Richard Delbridge as independent directors. Bindra, at present CEO, Asia, will keep his focus on growth and governance in Asia as Group Executive Director.

'My elevation is recognition of India's importance'

State-owned Punjab National Bank (PNB) aims to achieve credit growth of 17 per cent in 2009-10, but the pick-up in credit since October was &ldquo;not very significant&rdquo;, Executive Director Mohan Tanksale said on Friday.

RBI may cut credit target again: PNB

Bond yields may ease slightly on Monday following the Reserve Bank of India&rsquo;s (RBI) announcement that it will auction Rs 2,000 crore of floating-rate bonds (FRBs).

RBI to auction floating rate bonds on Dec 18

One isn&rsquo;t sure about the political leanings of Duvvuri Subbarao, but it seems the scion of the Nehru-Gandhi family has left a profound impression on the Reserve Bank of India governor.

After Kalawati's N-power, Aruna sells inclusion

Payments made through debit cards rose around 40 per cent to Rs 14,598&nbsp;crore in the first seven months of the current fiscal compared to the corresponding period&nbsp;last year, indicating a spurt in economic activities.

Debit card payments up 40% in April-Oct

Private life insurer, Aegon Religare, plans to enter the health insurance segment while continuing to focus on term insurance products, a senior company official said.

Aegon Religare to enter health ins, launch upto three products

After achieving a profit of Rs 3.10 crore during the fiscal ending March 2009, the Mysore-headquartered Mysore and Chamarajanagar District Co-operative Central Bank Ltd has secured Reserve Bank of India license for banking business across the country.

Mysore co-op bank in expansion

Bank employees are planning to go on strike on December 16 during the Parliament Session against banking sector reforms such as privatisation of public sector banks (PSBs) and closure and merger of associate banks/other PSBs with State Bank of India.

Bank Employees to go on strike on December 16

Reliance Life is in talks with Chinese insurance giant China Life for a pre-initial public offer (IPO) placement. The Anil Dhirubhai Ambani group company is also in discussions with a private equity player for a total placement of 15 per cent stake.

China Life may help in pre-IPO placement

After achieving profit of Rs 3.10 crore in the fiscal ending March 2009, the Mysore-headquartered Mysore and Chamarajanagar District Co-operative Central Bank Ltd has secured Reserve Bank of India license for banking business across the country.

Co-op bank  set for expansion

The yield on government bonds may harden if the inflation data for month of November indicates that prices of various products have moved up.

Bond yields may continue upward movement

The country&rsquo;s second-largest public sector lender, Punjab National Bank (PNB), has bet big on rural customers in the Indo-Gangetic plains of Uttar Pradesh and Bihar. Keeping in sync with its target, the bank unveiled its plans to open 100,000 biometric Automated Teller Machines (ATMs) in rural areas by the year 2013 for providing easy access to the illiterate and semi-literate customers.

PNB to open 100,000 biometric ATMs by 2013

The emirs, presidents and sheikhs of the six members of the Gulf Cooperation Council meet in Kuwait this week with the days of easy credit over following a year of debt defaults and deferred payments.

Gulf states to compete more for money as banks balk after Dubai

The rupee today depreciated by 20 paise to 46.73 against the US dollar in opening trade largely on fears of fresh capital outflows by foreign funds amid a bearish trend in other Asian markets.

Rupee down 20 paise at 46.73/$ in opening trade

Public sector Canara Bank, as part of fulfilling its corporate social responsibility (CSR) is in the process of imparting training to rural youth to enable them to acquire jobs in various disciples.

Canara Bank provides training programmes for rural youth

The Citigroup may cut a deal with the US government today that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.

Citi nears deal with US to repay bailout fund

The Lok Sabha today post facto put its seal on merger of the State Bank of Saurashtra (SBS) with State Bank of India (SBI) amid opposition from Left parties.

LS okays merger of State Bank of Saurashtra with SBI

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