The Indian rupee today strengthened by 25 paise to 46.39 against the US currency in early trade on hopes of fresh capital inflows into equity in line with firming trends on other Asian markets.

Rupee up 25 paise at 46.39/$ in early trade

Press Trust of India

Detariffing of the Indian insurance industry has steered itself on to a completely different trajectory, where the market has been transformed overnight from a sellers' market to a buyers' market. Since then, the insurance industry has been constantly evolving, becoming more sophisticated with the passage of time.

Free price regime: Implications for insuring public and insurers

Business Standard

Private life insurer Metlife today said the number of life insurance policies it has sold has crossed the 10 lakh-mark. &quot;It is indeed a moment of pride for us at MetLife to achieve the 1 million-mark... This achievement gains all the more significance keeping in view the tumultuous 2008 that the financial sector witnessed,&quot; said MetLife Managing Director Rajesh Relan.

Metlife crosses 10 lakh-mark for life insurance policies

Buoyed by better-than-expected GDP growth of 7.9 per cent in the second quarter, the Reserve Bank today said it will have to raise the country's growth outlook for 2009-10 from the current estimates of 6 per cent.

RBI to raise growth forecast for FY10: Gokarn

Bank of India (BoI), today said it has reduced deposit rates by 0.25 per cent on select tenures.

BoI cuts deposit rates on select tenures by 0.25%

HDFC Bank today said one of its promoter HDFC has subscribed to equity shares worth Rs 3,600 crore pursuant to conversion of warrants.

HDFC Bank issues shares worth Rs 3,600 cr to HDFC

British state-controlled bank Lloyds Banking Group (LBG) said today it will axe nearly 400 jobs at a call centre in the south of England.

Lloyds Banking Group to cut nearly 400 more jobs

CIT Group Inc, the commercial lender that has said it may be forced to file for bankruptcy, is considering an offer of financing from Citigroup Inc and Barclays Capital, people familiar with the situation said.

CIT said to weigh financing from Citigroup, Barclays

Current account deficit during the first quarter was due to higher imports.

Capital account surplus after 2 quarters

The Reserve Bank of India (RBI) committee on reviewing the benchmark prime lending rate (BPLR) has recommended that the nomenclature be scrapped and a new benchmark rate &mdash; known as base rate &mdash; should replace it.

Base rate to replace BPLR

The Indian Banks&rsquo; Association (IBA) and United Forum of Bank Unions are close to reaching an agreement on wage hike for employees of state-owned banks, a senior finance ministry official said on Wednesday.

Bank unions, IBA nearing pact on wage hike

Private insurance company Aegon Religare Life Insurance (ARLI) plans to add 40,000 new customers this fiscal on the back of growing interest in its Unit linked and pension plans.

Aegon Religare plans to add 40,000 customers in FY10

The effect of higher closing yield of 7.19 per cent on 10-year benchmark government paper at the close of the second quarter compared to 7.01 per cent at the end of the first quarter may be a mixed bag for bank bottom lines.

Bond yield movement to be a mixed bag

The Indian healthcare industry, growing at an exponential rate, now presents an attractive investment opportunity for private equity (PE) and venture capital (VC) firms, says private equity experts.

PEs, VCs see big business in healthcare sector

State-run Union Bank of India has seen a rise in demand for farm loans in the last two months and expects the portfolio to grow by around 18 per cent in FY10, a top official said.

Union Bank adds Rs 2,500 cr new farm loans in two months

Public sector lender Union Bank of India has reduced interest rates on foreign currency non-resident bank (FCNR-B) account deposits and non-resident external (NRE) rupee account deposits with immediate effect.

Union Bank cuts foreign currency deposit rates

With this, deposits having a tenure of 1-year to less than 2-years, will now attract a rate of 6.25 per cent (6.5 per cent), the bank said in a release today.

SBI slashes deposit rates by 0.25%

Banks are fully geared to check the menace caused by fake currency, a senior official of the Reserve Bank of India said.

Banks prepared to check fake currency menace: RBI

Public sector Vijaya Bank expects Rs 700 crore capital infusion from the government by the end of December to enhance risk capital and lending capacity.

Vijaya Bank expects Rs 700 cr capital infusion by Dec

State Bank of India (SBI), the largest public sector bank, will launch &lsquo;SBI FinMart&rsquo;, a financial super market offering various financial products under one roof, from Orissa tomorrow.

SBI to launch 'SBI FinMart' from Orissa

Sectoral watchdog Insurance Regulatory and Development Authority (Irda) today asked insurance companies to provide information on commission paid to the banks for selling policies.

Irda asks insurers for info on commission paid to banks

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