The persistent decline in the credit-deposit (CD) ratio of banks in Orissa over the past few years is a disturbing trend and the banks need to take appropriate steps to improve this ratio.

Orissa concerned over declining credit-deposit ratio of banks

Business Standard

The company has 33 such branches at present. Similarly, the number of insurance advisors is proposed to be doubled to 15,000 from 7500 at present.

IDBI Fortis to increase agency branches

State Bank of India, the country&rsquo;s largest bank, today said that it is withdrawing its blockbuster 1,000-day deposit scheme that was largely instrumental in helping it mop up over Rs 1,000 crore a day at the height of the global financial crunch late last year.

SBI drops 1,000-day deposit scheme

The Reserve Bank of India (RBI) was not worried about the tardy credit growth so far in the current financial year and there was no need to ring an alarm bell, said Deputy Governor KC Chakrabarty.

Low credit growth no big concern: RBI

Finance ministers of the world&rsquo;s 20 largest economies, including India, today agreed on the need to have an &ldquo;institutional cap&rdquo; on bonuses paid to bankers. At the conclusion of a day-long G-20 finance ministers&rsquo; meeting here today, the nations agreed on more disclosures and transparency in the level and structure of remuneration along with global standards on pay structure, including deferral, effective clawback, relationship between fixed and variable remuneration, and guaranteed bonuses.

G-20 agrees to control bankers' bonus

The Delhi High Court has issued notice to Standard Chartered Bank on a petition, which alleged non-payment Rs 1.5 lakh by the foreign bank as directed by the DRT and sought winding up of the lender's India operations.

Petition in HC wants closure of StanChart's India operations

Press Trust of India

These branches would be over and above the existing 11 branches of IDBI in the state.

IDBI to open 10 new branches in Orissa

Uncertainty on interest rates and competition among banks are forcing lenders to lend for the short term and introduce interest rate reset clauses that kick in as early as three months.

Banks shorten loan tenures

The Indian rupee strengthened by 12 paise against the $ in opening trade today on expectations of more capital inflows as market may open higher in line with other firming Asian markets.

Re rises by 13 paise at 48.75 a $ in opening trade

The Punjab National Bank (PNB) is mulling to provide financial assistance to Small and Medium Enterprises (SME) clusters across the country. The bank has decided to grant a collateral free loan of upto one crore rupees under the programme.

PNB to grant collateral free loans up to 1 cr

Bank of Maharashtra today said it would raise Rs 300 crore through the issue of debt instruments in the current financial year.

Bank of Maharashtra to raise Rs 300 cr via debt instruments

Public sector lender Punjab National Bank (PNB) today said it would raise Rs 500 crore through issuing bonds.

PNB to raise Rs 500 cr through bond issue

Dhanalakshmi Bank today announced the launch of on-line Internet banking for its customers.

Dhanalakshmi Bank launches Internet banking

ING Vysya Bank today said its funds raising plan through private placement of shares with potential buyers opens today.

ING Vysya Bank QIP opens today

The Comptroller and Auditor General of India (CAG) has rapped Jammu and Kashmir Bank for various lapses, including not adhering to a uniform rate of interest on term loans advanced by the bank.

J&K Bank draws flak from CAG for various lapses

Bank of India today said it has raised Rs 500 crore by issue of bonds.

Bank of India raises Rs 500 cr via bonds

The rupee is expected to appreciate in the near future, a leading mutual fund industry official said.

Rupee to strengthen in coming days: ICICI Prudential

The Foreign Investment Promotion Board (FIPB) has advised 300-odd companies to pay the Reserve Bank of India (RBI) a penalty (known as &quot;compounding&quot;) for breaching sectoral limits on foreign direct investment (FDI).

300 firms to pay RBI penalty for violating FDI sectoral limits

Ahmedabad-based Self Employed Women's Association (SEWA) Bank aims to provide retirement benefits to 1 lakh unorganised workers in Gujarat.

SEWA Bank  to offer micro pension to 1 lakh workers

Credit demand from consumers seemed to be back on track, especially in sectors such as auto and home loans though banks had cut down unsecured loan exposures, said KV Kamath, chairman of ICICI Bank.

Auto, home loans see revival: Kamath

The Reserve Bank of India (RBI) on Monday said banks would be allowed to raise Tier-II capital by issuing sub-ordinate debts having call and step-up option.

Banks can now issue lower Tier-I bonds with step-up, call options

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