The yield on government securities may move up, as supply of bonds from Centre and states remains high. The G-Sec market sentiment was weak on Thursday, tracking apprehensions over the second half borrowing programme. The benchmark 10-year paper 6.90 per cent 2019 paper closed at Rs 97.75, implying a yield of 7.22 per cent.

Bond yield may move up, rupee to remain stable

Business Standard

The government will hold discussions on a proposal to make the high level committee on financial and capital markets (HLCC) &mdash; an informal body comprising representatives of all financial regulators &mdash; more effective next month. &ldquo;The decision to make HLCC more effective would be deliberated on in the second half of November. The discussion is on whether formalisation of HLCC would be more effective or more bureaucratic?&rdquo; an official source said.

Regulators to decide on more effective coordination

Press Trust of India

The Indian rupee today strengthened by 17 paise to almost a two-month high of 47.57 against the US currency, following dollar's weakness against other currencies.

Re rises by 17 paise per dollar

Sengputa will no be a member of the board of directors of the bank, Axis Bank said.

Axis Bank announces Somnath Sengupta as ED, CFO

City Union Bank will raise Rs 300 crore by way of private placement of shares with qualified institutional buyers.

City Union Bank to raise Rs 300cr

Addressing media after inaugurating an existing branch office in a new premise, T Y Prabhu, Chairman and Managing Director of the bank it was also planned to augment its headcount from 16,615 by recruiting additional 1800 personnel within a short period.

OBC to open over 100 new branches by fiscal-end

Dhanalakshmi Bank today said it has raised Rs 150 crore by selling bonds to investors on a private placement basis.

Dhanalakshmi Bank raises Rs 150 crore

Citibank India today said it has launched a new rewards platform-CitiRewards, targeting customers who hold Citi-branded credit cards.

Citibank launches new credit card rewards platform

The Reserve Bank of India (RBI) today ruled out full rupee convertibility as of now and said the failure of Bharti-MTN deal cannot hasten it.

RBI says no to full rupee convertibility

Reserve Bank of India (RBI) deputy governor, K C Chakrabarty, today asked banking sector to extensively use the technology and Business Correspondents to reach out to the masses. The help of Business Correspondents (BCs) has eased the burden of banks to expand, he said.

Use technology to up financial inclusion, RBI tells banks

Financial-services companies operating in the UK will have to meet &ldquo;tighter liquidity requirements&rdquo; that will be set by Britain&rsquo;s market regulator and phased in over a period as the economy recovers. By December, the companies will be given rules about their liquidity and a definition of what assets can be included as liquid assets, the London-based Financial Services Authority said today. Foreign companies with branches in the UK will also be subject to regulation. &ldquo;Implementing tougher liquidity rules is essential to ensure we are in a better position to face future crises,&rdquo; Paul Sharma, the FSA director of prudential policy said.

FSA tightens liquidity rules for companies in Britain

Standard Chartered, the London- based bank that makes most of its money in emerging markets, added executives in equity sales and research to its expanding Asian operations.

Standard Chartered hires equity executives for Asia

Seeks credit details of traders, firms dealing in agri commodities.

RBI seeks data to track hoarders

Anticipating an adverse impact of the new Direct Tax Code, life insurance companies have demand amendments in the proposed code. The draft code had recommended a maturity tax on all life insurance products, if the term was less than 20 years and the premium exceeded 5 per cent of the sum assured.

Life insurers seek changes in tax code

Dhanalakshmi Bank raising Rs 150 crore through Tier-II bonds to strengthen capital hardly makes the news as banks routinely tap the market for this purpose. What perhaps sets this small south-based bank apart is the profile of investors who have subscribed to the bonds.

Dhanalakshmi Bank taps NRI depositors for bond issue

Fearing grave power shortage during the rabi season this year, the Madhya Pradesh government is now riding on Centre-sponsored schemes &mdash; Integrated Scheme of Oilseeds, Pulses, Oil and Maize (ISOPOM) and National Food Safety Mission &mdash; to offer seed subsidies to farmers.

Madhya Pradesh hopes rest on Central schemes for farmers

Move comes after its talks with StanChart failed over valuation.

RBS scouting for new bidders to sell Asia units

Public sector lender Andhra Bank will end its partnership with Life Insurance Corporation (LIC) when it launches its own life insurance product next year.

Andhra Bank to end tie-up with LIC next yr

Insurance companies in India have lost Rs 1,000 crore on group health policies during FY09, according to Watson Wyatt, a global consultant in human capital and financial management. It said the combined claims ratio went up to 150 per cent for many of the insurers.

Rs 1k cr-loss on health policies in FY09: Watson Wyatt

Reserve Bank of India (RBI) Governor D Subbarao today added strong capital inflows and the consequent appreciation of the rupee to his list of concerns, apart from inflation.

Volatile capital flows added concern, says Subbarao

The country's largest private sector lender ICICI Bank today said it has allotted 12,770 equity shares to its staffs under the employees stock option scheme (ESOS).

ICICI Bank allots 12,770 shares to employees

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