Kerala-based Federal Bank recorded a 30.16 per cent increase in net profit for the first half year at Rs 237.45 crore over Rs 182.43 crore recorded for the first half of last fiscal.

Federal Bank profit up 30% in H1

Press Trust of India

Bailed out British banking majors Lloyds Banking Group and the Royal Bank of Scotland (RBS) have agreed to sell part of their businesses, a move that will bring down their dependence on taxpayers' money.

Lloyds, RBS to sell assets to cap reliance on govt funds

To cash in on its huge branch network and client base, State Bank of India (SBI) is all set to start wealth management business and financial planning services.

SBI to foray into wealth management business

The Reserve Bank of India (RBI) today came out with draft guidelines to regulate the issuance of non-convertible debentures (NCDs) with a maturity of less than a year by companies.

RBI issues draft norms on non-convertible debentures

The International Finance Corporation (IFC), a member of the World Bank group, will work with the Andhra Pradesh government to enable three public hospitals in Kurnool, Vishakhapatnam, and Warangal to offer advanced diagnostics services like dialysis to low and middle income people.

IFC to promote PPP in healthcare

Business Standard

Ikya Human Capital Solutions, the Bangalore-based HR services firm, is likely to be a target for global HR firms planning to set up shop in India.

Staffing firm Ikya could be acquisition target

Central banks plan to raise gold holdings in view of dollar&rsquo;s fall.

RBI buys 200 tn gold from IMF

Gross non-performing assets up 23% in 12 months.

Listed banks' bad debt rises by Rs 4,000 cr

Australia raised its benchmark interest rate by a quarter percentage point for the second straight month, becoming the only nation to increase borrowing costs twice this year as the global economy recovers.

Australia raises benchmark interest rate to 3.5%

SBI had introduced its Happy Home loan scheme, that allowed the borrower to freeze the eight per cent interest rate for a year, in February this year.

SBI to close its 8% home loan scheme after this week

The extra yield investors demand to own Asian speculative-grade corporate bonds instead of government debt may increase by as much as 1 percentage point amid a surge in new issues, according to Nomura Holdings Inc.

Asia junk bond spreads may widen on surge in sales

The bonds will help economies get cheaper insurance against natural disasters.

World Bank launches catastrophe bonds for emerging countries

After venturing into the private equity (PE) space earlier through a joint venture, financial services provider Religare is now planning to go solo.

Religare plans $500-million pan-Asia fund

Loan syndication by banks for Indian firms in the domestic and overseas market has already reached a total of $38.5 billion (Rs 1,77,110 crore) through 108 deals in 2009 so far--a 17 per cent growth over the comparable period last year, according to a report by global deal tracking firm Dealogic.

Indian loan syndications reach record high

Cincinnati-based high-tech investment group, Vora Ventures, which runs its Indian operations from Ahmedabad, announced a strategic investment in cFIRST a leading background verification company. Involved in management and ownership of 11 technology companies world-wide, Vora Ventures will be benefited by cFIRST in terms of scale, financial back up, strategic advice and management capabilities.

Vora Venture offers strategic investment in cFIRST

Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the UK taxpayer as the two banks agreed to cap bonuses.

RBS, Lloyds get $51 bn in second bank bailout

Federal Reserve Chairman Ben S Bernanke is gambling that come March, he can stop the purchases of mortgage-backed securities that have propped up the US housing market. Congress may have other ideas.

Bernanke housing gamble may bring pressure to extend Fed aid

The Indian rupee appreciated by 22 paise in early trade today on expectations of fresh capital inflows by capital funds as stock market may open higher, tracking firming trends on other Asian equity markets.

Rupee appreciates 22 paise, at  47.18/$

The International Monetary Fund, which sold 200 tonnes of gold for about $6.7 billion to the Reserve Bank of India, today said it got a &quot;good price,&quot; and wants to be similarly &quot;lucky&quot; in the next phase sale of the precious metal.

IMF says it got 'good price' for gold from India

Country's biggest lender State Bank of India (SBI) today said it did not have any immediate plans to revise home loan interest rates, including 8 per cent special offer which is slated to end this week.

SBI not to change home loan rates immediately

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