Thrissur-based Dhanalakshmi Bank plans to float a venture capital fund and an asset management company (AMC) next year, a top company official said.

Dhanalakshmi Bank plans to start VC, AMC biz

Press Trust of India

The Reserve Bank of India (RBI) may hike cash reserve ratio (CRR) by 50 basis points by end-March to mop-up excess liquidity from the system, research firm Dun &amp; Bradstreet (D&amp;B) said.

RBI may hike CRR by fiscal end: D&B

Banking behemoth Citigroup has posted profits of $101 million for the third quarter, even as the partially US government-owned entity saw its credit losses remain at high levels.

Citigroup posts $101 mn Q3 profits; credit loss at $8 bn

The 18-month drought is about to end, with several Indian companies and financial institutions planning to tap the foreign bond markets, now that spreads have declined 200 to 300 basis points.

Foreign bond market hums again as spreads decline

Business Standard

Dharwad deputy commissioner Darpan Jain has asked flood-hit farmers not to resort to extreme steps like committing suicide as the state government has been making efforts to provide quick relief.

Banks to reschedule farmers' loans

The ruling Congress in Maharashtra, tipped to emerge as the single largest party when the Assembly poll results are out on October 22, has begun sending feelers to rebels who have a strong chance of winning.

In Maha, Cong taps rebels tipped to be winners

The UK subsidiaries and branches of leading overseas banks have agreed to support the reforms related to bankers&rsquo; pay that were agreed by the G-20 in Pittsburgh last month, the Financial Services Secretary, Lord Myners, has said.

Global banks in UK to follow G-20 pay code

ING confirmed on Thursday that it plans to retain its Indian private banking operations even as it announced the sale of its Asian private banking business to Overseas-China Banking Corporation for a sum of $1.46 billion.

ING planned to retain India private banking business

Rs 800-cr follow-on public issue likely by Jan.

UCO Bank posts 38% rise in net

For the first time in ten months, India has reduced its investment in American debt securities. India&rsquo;s holding of US treasury securities marginally declined to $38.9 billion in July as compared to $39.3 billion in June.

India cuts US debt holding to $38.9 bn in July

After facing tough times as a fallout of the economic slowdown, Indian companies now have to bother less about credit quality due to improvement in business environment and easier access to funds.

Credit quality stable but recovery will be slow, says Crisil

Rupee fell, reversing earlier gains, on speculation importers were buying foreign exchange to save on costs. It retreated from the highest in more than a year as importers such as Indian Oil Corp, the nation&rsquo;s largest refiner, may have bought foreign exchange to pay for crude oil, the price of which has increased more than 68 per cent this year.

Re drops, reversing earlier gains

Falling rates, subdued equity markets make these instruments attractive.

Corporate bond trading up 3-fold

The Indian rupee today depreciated by 4 paise against the dollar in the opening trade on the firmness of the greenback against other major currencies.

Rupee weakens by 4 paise in opening trade

Financial services firm Bank of America (BofA) has swung into a third-quarter loss of $1 billion, as the bailed out entity continued to grapple with rising credit costs.

BofA swings into $1 bn loss on higher credit costs

Private lender Axis Bank today announced the reorganisation of its operations into four Strategic Business Units (SBUs).

Axis Bank re-aligns operations into Strategic Business Units

During the week, the foreign currency assets increased to $264.942-billion from $263.465-billion in the previous week, the RBI said in its weekly data.

Forex reserves up by $1.52 bn to $281.86 bn

Dutch financial services major ING today said it will sell its US group reinsurance business to Reinsurance Group of America.

ING to sell US group reinsurance biz

Four Trinamool Congress MLAs were arrested today for staging a dharna at the state secretariat, a protest described by Chief Minister Buddhadeb Bhattacharjee as a &ldquo;circus&rdquo;, sparking another confrontation with the ruling Left Front in West Bengal.

TMC stages dharna at Writers', chaos reigns

India&rsquo;s third-largest private sector lender, Axis Bank, today announced a major reshuffle of its top management as it consolidates its banking as well as non-banking businesses into four units.

Axis Bank brass reshuffled

State Bank of Mysore (SBM) will restructure agriculture loans to the tune of Rs 1,200 crore in the flood affected districts of North Karnataka. The bank is predominant in four of the 14 districts affected by the floods.

SBM to restructure loans of flood-hit

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