The National Bank for Agriculture and Rural Development (Nabard) has pumped in Rs 10,000 crore till August to refinance banks, of the targeted Rs 33,500 crore, Nabard Chairman U C Sarangi said today.

Nabard pumps in Rs 10,000 cr to refinance banks

Press Trust of India

The Reserve Bank of India (RBI) could signal tightening of interest rates before the end of the current year as the country is facing inflationary pressures mainly due to drought conditions, Moody's said.

RBI may signal tightening interest rates by year-end: Moody's

Banks from four regions will meet Mukherjee separately this month.

FM to review banks&#39; performance

Business Standard

The government has given an in-principle approval to State Bank of India (SBI) and State Bank of Indore&rsquo;s merger, a senior finance ministry official said on Thursday.

Govt gives nod to SBI- State Bank of Indore merger

Anil Ambani group firm Reliance Capital on Thursday said it planned to enter investment banking space by the end of the current financial year.

R-Cap plans investment banking foray by March

The bank had observed SBT Harithotsavam 2009 , an intensive campaign to increase lending to farmers during this period, targeting a disbursement of Rs 500 crore to the agriculture segment. Along with Nabard, the bank facilitated formation of 70 farmer clubs during the period.

SBT disburses Rs 502 crore to farmers

About 25 lakh life insurance agents have opposed the recommendations of Swarup Committee on elimination of upfront commission paid to advisers. &quot;Implementation of the recommendation will make the role of 25 lakh life insurance agents working with LIC and private insurers redundant and adversely affect crores of people who are dependent on them,&quot; Life Insurance Agents' Federation of India President H M Jain told reporters here.

Insurance agents oppose elimination of commission

Future Generali India Life Insurance Company, a joint venture between the Future Group and Generali of Italy, launched Future Freedom Plus, a long-term insurance-cum-investment plan in Chandigarh on Thursday.

Future Generali unveils investment plan

The Finance and Investment Committee, the key advisory body of the Employees&rsquo; Provident Fund Organisation (EPFO), today deferred a decision on investing EPFO funds in the stock market.

Decision on investing EPFO  funds in stock market deferred

The rupee has gained 3.1 per cent in the past four sessions on expectations that India's high-yielding currency and improving global risk appetite will attract more foreign flows. The currency closed at 46.34 today.

Rupee gains 3.1% in 4 sessions on capital inflow hopes

Indian rupee rose marginally by 2 paise to 46.32 in opening trade today, extending its rally for the sixth session, on hopes of more capital inflows by funds, after better-than-expected results by IT major Infosys Technologies and firming trend on other Asian bourses.

Re steady in opening trade, up 2 paise against dollar

The Indian rupee came under pressure today after a five-day strong rally and fell marginally by five paisa to 46.39 against the greenback on dollar buying by importers.

Re turns weaker vs dollar after five-day strong rally

Public sector Dena Bank today opened its Corporate Business Branch here.

Dena Bank opens corporate business branch

The country's biggest mortgage lender HDFC today said robust activities in the low-cost housing segment presents an important growth opportunity for the real estate market.

HDFC sees good growth opportunity in low-cost housing segment

Private lender Federal Bank today said that it was expecting to get report from consultancy firm KPMG, entrusted with the job of carrying out due diligence of Catholic Syrian Bank (CSB) for the purpose of merger with it, in the next ten days.

KPMG to submit report in 10 days on CSB-Federal Bank merger

Under the scheme, the bank will provide housing loans at 8.25 per cent for the first two years on loans up to Rs 30 lakh and 9.25 per cent for loans above Rs 30 lakh, Syndicate Bank said in a statement.

Syndicate Bank cuts housing and auto loans

Public sector lender Bank of Baroda today said it has witnessed a 27 per cent growth in loans in September against the same period last year.

Loan growth at 27% in Sept y-o-y: BoB

HSBC InvestDirect will focus on technology upgrade and manpower to strengthen its new retail broking business. &ldquo;We hope to break even soon, as we are in the middle of a large business transformation. Technology is one of the areas where we plan to invest to make it robust and secure. We are working on training the staff and improving the look and feel of our branches,&rdquo; said Manasije Mishra, Managing Director and CEO, HSBC InvestDirect, here today. The HSBC group had acquired a 93.8 per cent stake in IL&amp;FS Investsmart in September last year. It has initiated the process of de-listing from the stock exchanges.

HSBC InvestDirect to strengthen retail broking business

These villages will be used as a successful instance of financial inclusion and literacy for future campaigns while convincing skeptics about the benefits of modern banking.

RBI to set up model villages

Demand zooms for expertise in equity, infrastructure &amp; telecom.

Investment banks in hiring mode

Kerala-based South Indian Bank today said it has emerged as the largest service provider in the country for New Pension System-- a social security scheme.

SIB emerges largest service provider of New Pension System

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