With many rich nations failing to meet Kyoto Protocol goals, top climate expert R K Pachauri today said a &ldquo;stronger and firmer&rdquo; regime envisaging punitive action against the defaulters awaits in a new climate treaty, whenever it is framed.

New climate pact will be 'firmer' against defaulters: Pachauri

Press Trust of India

The Federal Housing Finance Agency is expected to announce the pay packages of top executives at the government-run mortgage-finance firms Fannie Mae and Freddie Mac, a media report says.

Fannie Mae, Freddie execs pay to be disclosed

Andhra Bank has raised Rs 600 crore by selling bonds in two tranches in current month.

Andhra Bank raises Rs 600 cr via bonds

Business Standard

&quot;D Subbarao, Governor, Reserve Bank of India, will release the Third Quarter Review of Monetary Policy 2009-10 on January 29, 2010,&quot; the RBI said in a release.

RBI's quarterly review on January 29

Country's largest private sector lender ICICI Bank has sold its points of sale terminals that accept the debit and credit card payment to First Data Corporation for $80 million (about Rs 400 crore).

ICICI sells POS business to First Data for $80 mn

Asset financier Shriram Transport Finance bought the commercial vehicles and construction equipment portfolios of two GE Capital units for about Rs 1,100 crore, the company said in a statement today.

Shriram Transport buys GE Caps' 2 loan portfolios

The country&rsquo;s largest private sector lender ICICI Bank has hived off its point-of-sale terminals business into a $80 million (about Rs 368 crore) joint venture with US-based payments Solutions provider First Data Corp (FDC).

ICICI Bank sells PoS network to First Data Corp

Responding to banks&rsquo; petitions, the Reserve Bank of India (RBI) has raised the transaction limit for mobile banking to Rs 50,0000 a day.

Mobile banking transaction cap up at Rs 50,000/day

The amount parked by banks today at the reverse repo window of the Reserve Bank of India (RBI) dipped below Rs 20,000 crore, lowest since April 2009, as they preferred to keep cash with them ahead of the long Christmas weekend and for investments in securities.

Banks park Rs 19,785 crore at reverse repo window

Banks continued to issue certificates of deposit (CDs) today, on hope rates could rise in the coming weeks and to refinance their existing Cds, dealers said.

CD issues continue on rate rise talks

Raising finance for companies eyeing renewable energy projects would no more be a tough task as banks and consultants are working on innovative solutions to help these companies.

Consultants, banks to help cos raise funds for CDM projects

About 100 alumni from the defunct securities firm that JPMorgan acquired in March 2008 assembled December 18 at the Dream Hotel&rsquo;s Rm. Fifty5 on West 55th Street, described on its Web site as neo-Gothic &ldquo;surreal luxury.&rdquo; Courtney Dickson, a 25-year-old former Bear Stearns employee who organized the event, said the mood was &ldquo;nostalgic.

Bear Stearns staff parties on as surviving banks scrap soirees

The Reserve Bank of India (RBI) today said low bank credit growth would not hamper the country&rsquo;s economic recovery.

Low bank credit growth won't hit recovery: RBI

The issue concerning foreign ownership in Indian banks is currently under discussion among the finance ministry, commerce and industry ministry and the Reserve Bank of India (RBI) and is likely to be resolved soon.

Govt to soon resolve FDI norms in Indian banks

The country's second largest public sector lender, Punjab National Bank, today said its Bhutan joint venture and Dubai branch would start operating from next&nbsp;month.

PNB Dubai branch, Bhutan venture to operate from next month

India&rsquo;s largest lender State Bank of India (SBI) has financed many wind power projects in the country: Now it is setting up a few of them as well.

SBI banks on wind power

Private sector ICICI Bank plans to raise Rs 4,000 crore of capital through Upper Tier-II and Tier-I perpetual bonds to support business growth.

ICICI Bank to raise Rs 4,000 cr in Tier-I, II bonds

The Asia-Pacific region attracted as many as 89 billion-dollar deals &mdash; the highest total on record &mdash; worth over $292 billion so far this year, says a report. &ldquo;Asia-Pacific deals over $1 billion reached $292.1 billion via 89 deals in 2009, up 44 per cent on 2008, making it the highest total on record,&rdquo; global deal tracking firm Dealogic said.

Asia-Pacific records highest volume of 'billion-dollar' deals

The Pension Fund Regulatory Development Authority (PFRDA) is taking ing various measures to increase the number of subscribers under its New Pension Scheme (NPS). It is in discussions with the General Insurance Council, various industry bodies and companies to offer the plan to their employees. Under the recent deal between the Indian Banks&rsquo; Association (IBA) and the pension regulator, all new recruits of banks will join the defined contribution system from April 1, 2010. Already 20 nationalised and 12 private sector banks have joined the new system.

Pension regulator hardsells new scheme

The US Treasury Department will remove the caps on aid to Fannie Mae and Freddie Mac for the next three years, to allay investor concerns that the companies will exhaust the available government assistance.

Fannie, Freddie freed from caps on govt help

The dollar was poised to end three consecutive weeks of gains against the euro on speculation the Federal Reserve will maintain stimulus measures to secure the US economy&rsquo;s recovery.

Dollar set for weekly drop on continuing stimulus buzz

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