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

Business Standard

The chief executive officers of JPMorgan Chase &amp; Co, Goldman Sachs Group Inc and Morgan Stanley will headline the inaugural hearing of a congressional panel investigating Wall Street&rsquo;s financial crisis.

US bank chiefs to testify at crisis panel meet

Public-sector lender Bank of Baroda (BoB) saw its home loan portfolio grow by 23-25 per cent during April-November, and expects the growth to pick up further in the next quarter, a bank official said.

BoB sees 23-25% home loan growth in Apr-Nov

Press Trust of India

Public sector banks have performed better than their private sector counterparts in customer service.

PSU banks score on customer care

Despite the fall in deal volumes on both the merger and acquisition (M&amp;A) and private equity (PE) fronts during the fourth quarter ending December, investment managers expect the improving global and domestic macro-economic indices to revive consumption and services-led growth, in turn leading to higher fund inflows into key sectors.

M&A activity rebound likely in '10

Despite the economies of scale offered by public cloud providers, private cloud services will prevail for the foreseeable future while public cloud offerings mature. Through 2012, IT organisations will spend more money on private cloud computing investments than on offerings from public cloud providers, according to research and advisory firm Gartner.

Biz banks on private cloud for now

British banking giant Barclays is curtailing international expansion plans under a crackdown imposed by its new head of retail banking, Anthony Jenkins, a media report says.

Barclays to scale down expansion plans in India

Five years after acquiring the Hyderabad-based Global Trust Bank, state-owned Oriental Bank of Commerce has begun the hunt for another lender to expand its footprint in South India.

OBC looking to acquire a South-based bank

The National Bank for Agriculture and Rural Development (Nabard), has extended its financing scheme through Joint Liability Groups (JLGs ) to the non-farm sector, to cover the micro entrepreneurs and artisans among others. The scheme was earlier available to small and marginal farmers and tenant farmers and small farmers cultivating land without possessing proper title of their land.

Now, Nabard to cover micro entrepreneurs, artisans

The year 2009 saw insurance firms waiting for easing of foreign direct investment (FDI) norms, just as they have done every year for the last five years, but there is promise of the law being amended to this effect next year.

Insurers wait yet another year for increase in FDI

Country's largest lender State Bank of India's (SBI) pension corpus could be regulated by the Pension Fund Regulatory and Development Authority (PFRDA), opening a new area for the interim regulator.

PFRDA may take up SBI employees pension corpus

India Inc could set a new fund-raising record in 2010. Even before the year starts, companies have lined up equity raising plans of Rs 1,50,000 crore, close to two-and-a-half times of what they raised through share sales this year.

Record raising of funds in 2010

The Reserve Bank of India (RBI) has granted banking license to the Orissa State Co-operative Bank (OSCB).

OSCB gets banking licence from Reserve Bank

All India Andhra Bank Officers&rsquo; Federation (AIABOF) has strongly opposed the government&rsquo;s move to consolidate and merge the public sector banks (PSB) in the country and vowed to fight against it.

AIABOF to continue fight against bank merger plan

The country's largest lender, State Bank of India, has said that there will be no hike in lending rates in the next six months as there is surplus liquidity in the market.

No interest rate hike likely in six months: SBI

Financial services major Morgan Stanley has said it will set up a committee to supervise the company's risk management.

Morgan Stanley to set up risk committee; overhaul pay plan

Troubled insurer American International Group (AIG) is preparing to pay its outgoing general counsel Anastasia Kelly several million dollars in severance after she resigned over federal pay curbs, a media report said.

AIG counsel to get millions in severance pay: WSJ

The tightening of credit norms for unsecured loans is showing. According to data, flow of personal loans declined 0.1 per cent in the year up to October 2009, as against a 15 per cent rise a year ago. The Reserve bank of India&rsquo;s (RBI&rsquo;s) definition of personal loans includes loans for housing, credit card outstandings, consumer durables finance by banks, education loans and advances against fixed deposits.

Banks' retail loan base shrinks

The country&rsquo;s largest lender, State Bank of India (SBI), has said that there will be no hike in lending rates in the next six months as there is surplus liquidity in the market.

No interest rate hike in six months: SBI

Concerned over food inflation spreading to other sectors through adverse expectations, Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath has said the near-term policy challenges will depend on the evolving growth-inflation outcome that supports shifting the focus of the policy to managing recovery and containing inflation.

Growth-inflation to determine RBI's future action, says Gopinath

Mutual funds refrained from purchasing short-term money market instruments today due to limited inflows into their schemes, dealers said.

MFs curtail buys due to limited inflows

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