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

Press Trust of India

The annual maintenance charges for subscribers of the New Pension System (NPS) may come down by Rs 70 from April.

NPS annual fee may come down by Rs 70

Business Standard

FinMin seeks 5-yr growth road map from banks to assess their capital needs.

Govt banks need Rs 35k cr by '12

&ldquo;The NAVs will be uploaded on the websites of the Central Record-keeping Agency (CRA) and fund managers from December 1,&rdquo; said a senior official of the Pension Fund and Regulatory Development Authority (PFRDA).

Regulator may make NPS' net asset value public from December

Over 100 small and medium bakery manufacturers of Kanpur are facing a tough time owing to the recent spike in raw material prices coupled with cut throat competition from their multinational counterparts.

Inflation, taxes force Kanpur bakers to shut shops

Pushes oil and gas to second and IT to third place.

Banking sector tops m-cap rankings

State Bank of India (SBI) today announced a 25 basis points reduction in deposit rates across maturities as part of its latest attempt to lower cost of funds and improve its net interest margin (NIM).

State Bank cuts deposit rates by 25bps

Central bank not to issue OMO calendar for Q2, will conduct operations as required.

Review to address inflation: RBI

Rating agency Fitch in a report today said that Indian banks would remain resilient to face stressful conditions in the current and next financial years.

Indian banks pass stress test: Fitch

Public-sector lender Union Bank of India has cut interest rates on deposits for non residents in rupee and foreign currency denominations with immediate effect.

Union Bank cuts foreign currency deposit rates

Reserve Bank of India (RBI) Governor D Subbarao scored a &lsquo;B&rsquo; grade in the annual Central Banker Report Card carried by the Global Finance magazine in its October issue.

Subbarao gets grade 'B', Fed chief Bernanke 'C' in global survey

The market share of India&rsquo;s largest insurer, Life Insurance Corporation (LIC), rose to 67 per cent in the new business category in the first five months of the current fiscal, a rise of about 45 per cent over the same period last year, according to data by the Insurance Regulatory Development Authority (Irda).

LIC grabs 67% of new biz in first 5 months

India owed $82.5 billion to foreigners as on June-end this year, 39 per cent higher than $59.4 billion three months back, in terms of the country's assets and liabilities to the international community.

India owes $82.5 billion to foreigners: RBI

Banks may boast of providing 24X7 services through mobile and internet banking, but they have decided not to take the blame for any delay and errors in the mobile or e-mail alerts sent to their customers.

Banks wash off hands of delayed, faulty mobile, email alerts

The State Bank of India has launched 'SBI FinMart' which seeks to raise customer awareness, give new products a thrust and disseminate banking-related information under one umbrella.

SBI launchess SBI Finmart

Private insurer ICICI Prudential has pipped SBI Life to regain the top position among private players garnering new businesses Rs 1,725 crore in the first five months of the current fiscal.

ICICI Pru pips SBI Life to become largest private insurer

With automobile sales recovering, the general insurance industry is expecting a 10 per cent growth in premium collection in the current financial year.

General insurers expect 10% growth in premium this year

After receiving a poor response to the New Pension System (NPS), the pension regulator has asked the distributors of the scheme to set sales targets.

Pension regulator tells NPS distributors to set targets

Negotiations between Standard Chartered Bank and the Edinburgh-based Royal Bank of Scotland (RBS) over a proposed sale of the latter&rsquo;s assets in India, China and Malaysia to the former have collapsed.

Stanchart, RBS talks collapse on valuation

State Bank of India, the country&rsquo;s largest bank, was seeking to raise $700 million to $1 billion selling medium-term dollar bonds, Chief Financial Officer S S Ranjan said by telephone today. &ldquo;There is a plan to sell overseas bonds,&rdquo; Ranjan said. &ldquo;Initial roadshows are going to be held.&rdquo; He declined to provide details.

SBI to raise $1 bn selling dollar bonds

A stress test of the European Union&rsquo;s biggest banks showed they could withstand an even deeper recession, though with almost 400 billion euros ($581 billion) in losses, according to a report to EU finance chiefs.

Banks can stand a bigger slowdown, finds EU stress test

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