Citibank today launched CitiHome One, a first-of-its-kind universal mortgage product, that would enable customers to get a home-loan as a combination of a conventional term-loan and credit line.

Citibank launches first universal mortgage account

Press Trust of India

Troubled insurer American International Group (AIG) will take two years to repay the bailout funds, which it had received from the US government at the peak of the financial crisis last year, says a media report.

AIG to take 2 yrs to repay bailout funds: report

Dhanalakshmi Bank is aiming for a total business of Rs 12,000-crore and hire 300 more personnel to take its total headcount to 4,000 by FY10, a senior bank official said.

Dhanalakshmi Bank aims Rs 12,000-cr biz; to hire 300

The dollar is rallying in tandem with stocks and commodities for the first time since before Lehman Brothers Holdings Inc&rsquo;s bankruptcy last year sparked the financial crisis, signaling the worst may be over for the greenback.

Dollar strength seen in stocks first time since Lehman died

Business Standard

The interest rate futures (IRFs) trading in the country will get a boost in coming days, as Life Insurance Corporation (LIC) and Central Bank of India have agreed to provide support to the exchange-traded product. Both these will ensure adequate liquidity on the National Stock Exchange (NSE)&mdash; the bourse where IRFs are traded.

LIC, Central Bank to boost trade in interest futures

A four-member committee to shortlist the candidates.

Revenue, transport secys in race for PFRDA top job

&ldquo;I am in touch with many of the entrepreneurs. Many of them have sent me their business plans. We are waiting for our office to be ready.

Murthy&#39;s fund to kick off in March

The country&rsquo;s largest foreign lender, Citibank, today announced the launch of CitiHome One, which seeks to combine the features of a conventional home loan and a credit line.

Citi offers home loan and credit combo product

With sanctioned credit lines going abegging, banks take corrective action.

Commitment charges are back as sanction-disbursement gap rises

Financial market regulators and senior finance ministry officials met today to review recent developments in markets and discussed issues, including those related to credit rating agencies, an RBI release said today.

Regulators, RBI meet to review mart

The Reserve Bank of India (RBI) was needed to drain cash from the economy to check speculation in commodities, former Governor Bimal Jalan said, after food price inflation climbed to an 11-year high this month.

India must tighten monetary policy: Bimal Jalan

Raising banks&rsquo; cash reserve ratio (CRR) might be one of the tools to be used by the Reserve Bank of India (RBI) to suck out excess liquidity in the banking system, Chairman of Prime Minister&rsquo;s Economic Advisory Council C Rangarajan today said.

CRR may be used to drain excess liquidity, says Rangarajan

Credit Suisse Group AG, Switzerland&rsquo;s biggest bank by market value, named Boon Sim global head of mergers and acquisitions, a role previously held by Marc Granetz.

Credit Suisse appoints Boon Sim head of global M&A

Banks continued to issue certificates of deposit (CD) today to refinance papers maturating in December, and also on views that rates may rise more if RBI hikes banks&rsquo; Cash Reserve Ratio (CRR), dealers said.

CD issuance persists on view rates may rise

Undeterred by the premature end to its life insurance joint venture with Indiabulls Financial Services Ltd, French banking giant Societe Generale is still buoyant on the opportunities in the sector and plans to develop a fresh strategy.

Societe Generale to devise new strategy for insurance sector

Sri Lankan Tamil-origin billionaire Raj Rajaratnam has pleaded not guilty before a court here to running an insider trading scam that allegedly racked upto $21 million in profits, the biggest such case in the US.

Rajaratnam pleads not guilty to insider trading

With a view to boost its local footprint, Macquarie Securities Group (MSG), today announced three senior equity sales and research appointments in Mumbai.

Macquarie announces 3 sales, research hires

IndusInd Bank, a new generation private sector bank, inaugurated Mumbai&rsquo;s first solar-powered automated teller machine (ATM) as part of its Green Office Project campaign &ldquo;Hum aur Hariyali&rdquo;. It also unveiled a &ldquo;Green Office Manual - A Guide to Sustainable Practices,&rdquo; prepared in association with the Centre for Environmental Research and Education (CARE).

IndusInd Bank launches first solar-powered ATM

Star Union Dai-ichi Life Insurance is targeting a new business premium collection of Rs 600-crore by end-fiscal, a top company official said.

Star Union Dai-ichi Life aims Rs 600-cr fresh premium

Banks are trying to increase their returns on idle cash by offering short-term loans to boost the top line in a quarter when treasury income is expected to come under pressure.

Liquidity down on Short loans, tax outgo

Now you can buy an annuity cover on reverse mortgage loans.

Star Union Dai-ichi offers annuity cover with reverse mortgage

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