SKS Microfinance, a Hyderabad-based non-banking finance company, has expanded its network to Tamil Nadu.

SKS Microfinance enters Tamil Nadu

Press Trust of India

Securities and Exchange Board of India (Sebi) is in the process of examining whether registered portfolio managers invest in instruments other than listed securities, an official of the agency said.

Sebi examining investment avenues for portfolio managers

The 13th Finance Commission would submit its report containing recommendations mainly on the sharing of taxes between the Centre and the states to the President of India by the end of the year, its Chairman Vijay Kelkar said today.

13th Finance Commission report by Dec 31: Kelkar

Private sector insurer HDFC Standard Life today said it plans to come with an initial public offer (IPO) in the next fiscal.

HDFC Standard Life plans to hit capital market next fiscal

Public sector lender Punjab National Bank (PNB) today said it will raise Rs 700 crore by issues of bonds.

PNB to raise Rs 700 cr via bonds issue

India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today.

Forex reserves up at $286.376 billion

JPMorgan Chase &amp; Co and Wells Fargo &amp; Co are arranging an $8 billion loan for Warren Buffett&rsquo;s Berkshire Hathaway Inc to help finance the takeover of railroad Burlington Northern Santa Fe Corp.

Buffett taps JPMorgan, Wells Fargo

Business Standard

Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates.

PSUs to lose out on interest

&ldquo;Credit growth is still subdued while deposits are growing at a much faster pace.

Despite advisory, banks park funds with MFs

State-run Union Bank of India today announced the appointment of Subhash Chander Kalia as its Executive Director.

S C Kalia takes over as Union Bank ED

Shubhalakshmi A Panse has taken charge as Executive Director of Vijaya Bank.

Shubhalakshmi Panse takes charge as Vijaya Bank ED

Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.

Banking regulation prime concern: Fed

The recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said.

Koda scam forces banks to tighten cash norms

Four other banks ready to tap the market.

ICICI raises $750 mn in overseas bonds

With an experience in managing complex work programmes, Indian economist Siddharth Tiwari has been named as secretary of the International Monetary Fund (IMF) by its Managing Director Dominique Strauss-Kahn.

Indian appointed to key IMF post

Consolidation of banks is good in a way as it envisages healthier banks in the global scenario and banking market, believes Canara Bank Chairman and Managing Director (CMD) A C Mahajan.

Consolidation of banks good in a way: Canara Bank CMD

&quot;Despite the slowdown in the economy, life insurance industry has continued to grow as policyholders are realising the value of insurance. We continue to be optimistic about the future of the insurance business in India and expect the industry to grow about at 15 per cent,&quot; Life Insurance Council Secretary General S B Mathur said in a statement.

Life insurance ind to clock Rs 2.5 lakh cr premium

Global rating agency Moody&rsquo;s has retained a negative outlook on the Indian banking system due to the adverse effect of sticky loans and the challenging economic conditions.

Moody's retains negative outlook on Indian banking system

Royal Bank of Scotland Plc sold $7 billion of debt due in March 2012, according to data compiled by Bloomberg, equaling the largest US corporate sale since May.

Royal Bank of Scotland sells $7 bn of debt

Morgan Stanley agreed to hand over a real-estate business acquired in 2007 to Barclays Capital, ending the New York firm&rsquo;s obligation on a $2 billion loan after taking almost $1 billion in losses.

Morgan Stanley hands over Crescent to Barclays venture

The Reserve Bank of India&rsquo;s second quarter monetary policy review signalled an exit from the central bank&rsquo;s accommodative stance, leading many to believe that interest rates would move in only one direction &ndash; north.

Bank rates go down in spite of RBI signal

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