Bank of America has said it will repay $45 billion bailout funds to the US government.

BofA to repay bailout funds worth $45 bn

Press Trust of India

State-owned Oriental Bank of Commerce today said it is looking at credit and deposit growth of up to 24 per cent each in the current fiscal.

OBC eyes up to 24% credit, deposit growth

Financial services firm Barclays is set to award its 22,000 investment bankers pay rise of up to 150 per cent in an effort to beat government moves to clamp down on multi-million-pound bonuses, says a media report.

'Barclays investment bankers to get 150% hike'

Public-sector lender Bank of India (BoI) today raised Rs 325 crore Tier-I capital through a bond issue. The capital has been raised through issuing innovative perpetual debt instrument (IPDI), which carry a coupon rate of 9 per cent, a BoI press release said here today.

BoI raises Rs 325 cr Tier I capital

Indian private sector lender Kotak Mahindra Bank is looking at acquisitions in the coming months in India, says a media report.

Kotak Mahindra Bank eyes acquisitions in India

State-owned Union Bank of India today said it has opened a representative office in Sydney.

Union Bank opens repo office in Sydney

The European Central Bank (ECB) today retained the benchmark rates, continuing with its low interest rate regime to boost the region's economic recovery.

ECB leaves key interest rates unchanged

The sharp run-up in the equities market and too much of liquidity globally have made deal closures an arduous task, private equity (PE) players said at the sideline of a conference organised by the Asian Venture Capital Journal. With valuations having zoomed to higher than normal levels in the listed space, PE funds are now battling with increased expectations of Indian promoters.

Markets rise edging out PE players

Business Standard

Commercial banks would come out with a plan for financial inclusion by the end of the financial year, RBI Governor D Subbarao announced here during a bankers&rsquo; meet on financial inclusion and promotion of financial literacy.

Villages with 2,000 to have banking access by March: RBI

Reserve Bank of India Governor D Subbarao today said the central bank would revisit its growth projection for the current financial year ending March in its monetary policy review next month.

RBI to revisit growth forecast in January

India&rsquo;s power sector continues to attract private equity (PE) players. According to industry sources, more than 51 per cent PE investments in India between January 2008 and November 2009 went into the power sector. The value of these 15 investments is estimated at $ 751.2 million (Rs 3,600 crore).

Power gets a big chunk of private equity pie

State Bank of Mysore has extended its two 8 per cent home loan schemes till March 31, but has begun levying processing charges from this month, a source in the bank&rsquo;s personal and services banking department said.

State Bank of Mysore extends 8% home loan scheme

Dealers bank on small NBFCs as big players opt out.

Consumer finance: Smaller players fill the void

Indicating an improvement in credit pick-up, State-owned Oriental Bank of Commerce (OBC), on Thursday said it expected the loan book to grow at 20-22 per cent this financial year.

OBC retains loan growth target of 22%

The rupee today depreciated by 13 paise at 46.24 against the US dollar in opening trade largely on apprehensions that foreign funds would flow out amid a weak trend in other Asian markets.

Rupee down 13 paise at 46.24/$ in opening trade

The proposed move to bring down government holding in State Bank of India (SBI) to 51 per cent from about 59 per cent now could help the lender raise around Rs 12,000 crore, a top SBI official said here today.

SBI says can raise upto Rs 12K-cr following Bill amendment

The Reserve Bank of India (RBI) today said it would 'revisit' the growth and inflation projection figures in January but side-stepped the question of its possible intervention to contain soaring prices. &quot;RBI's next policy review is scheduled towards end of January... Then we will revisit the numbers for growth and inflation projections,&quot; RBI Governor D Subbarao told reporters here without elaborating.

RBI to review growth and inflation figures in Jan

Britain's support for its banks has hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said today, amid tensions over performance pay for senior bankers.

Bailouts for British banks hit 850 bn pounds

The Export-Import Bank of India will ink a $100 million Line of Credit with the Russian Bank for Development and Foreign Economic Affairs in the next 10-15 days to facilitate export of capital goods from India.

Exim Bank set to sign $100 mn pact with Russian lender

HDFC's Chairman and Chief Executive Officer (CEO) Deepakh Parekh will step down next month after serving the housing lender for 31 years - a period that saw the lender become the numero uno in housing segment.

Deepak Parekh to step down as HDFC chief in Jan

Public sector lender United Bank of India (UBI) today said it has got the government approval to float an initial public offer (IPO) which is expected to hit the capital markets latest by the first week of February.

United Bank gets govt nod for IPO

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