Deutsche Bank today announced its appointment as US dollar clearing bank for Clearing Corporation of India Limited (CCIL). Incorporating Deutsche Bank&rsquo;s Money Transfer New Architecture (MTNA) platform, CCIL will leverage Deutsche Bank&rsquo;s treasury payment capabilities and suite of US dollar ($) clearing services to settle its transactions.

Deutsche Bank appointed as $ clearing bank for CCIL

Business Standard

The Rajasthan Cooperative Minister Parsadi Lal Meena today said that his department would provide crop loan worth Rs 1,000 crore to the farmers during this 'Rabi' season.

Rajasthan cooperative banks to disburse Rs 1,000 cr crop loans

Press Trust of India

Foreign lender Standard Chartered Bank plans to hire around 2,000 employees in India in the current financial year, a top official said.

StanChart to hire 2,000 staff; to open KPO in Bangalore

StanChart to hire 2,000 staff; to open KPO in B'lore

Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments.

New norms to ease vehicle repossession

With the credit growth still sluggish, the Reserve Bank of India (RBI) may not raise key policy rates, according to Suman K Bery, member of Prime Minister's Economic Advisory Council and director general of National Council of Applied Economic Research.

RBI unlikely to raise key rates, says Bery

Outward remittances by individuals jumped 158 per cent during June this year to $145 million mainly on account of higher outgo on foreign education.

Outward remittances jump 158% in June

The seeds of the current financial crisis, described as a &ldquo;tsunami&rdquo; by former Federal Reserve Chairman Alan Greenspan, were sown at the time the dotcom bubble burst and the US Federal Reserve lowered interest rates to restrict its impact on the economy.

How the cookie crumbled

India Inc is heaving a sigh of relief after a year-long run on liquidity but is cautious after former US Federal Reserve Chairman Alan Greenspan&rsquo;s remark that the world will suffer another financial crisis. At least for now, the corporate sector heads feel that India is better placed than the rest of the world as most of the sectors are witnessing a revival of demand, the stock markets have bottomed out and foreign investors are upbeat on the country.

Green shoots evident, but worries remain

The Indian rupee strengthened by 10 paise against the US currency in the opening trade today on expectations of capital inflows by foreign funds as the stock market may open firm in line with other rising Asian bourses.

Re gains 10 paise against $ in opening trade

Aviva Life Insurance-joint venture between Dabur and Aviva and DBS Bank-Singapore headquartered financial services group today announced a bancassurance partnership in India. DBS has branches across 10 cities in India.

Aviva, DBS Bank join hands for bancassurance

Private sector lender Yes Bank has paid advance tax of Rs 58-crore, it said. The lender had paid Rs 33-crore advance tax in September, 2008, it said in a press release.

NEWSALERT: Yes Bank pays Rs 58 cr advance tax

State Bank of India (SBI) has started providing a complete range of banking services from its branch at the Dubai International Financial Centre (DIFC), an onshore hub for global finance bridging the time gap between the financial centres of Hong Kong and London.

SBI launches corporate banking services from DIFC

Mortgage lender LIC Housing Finance today said it plans to raise up to Rs 660 crore through sale of 10 million shares to institutional investors.

LIC Housing Finance to raise up to Rs 660 cr

Nine players in various stages of launch as stock markets show signs of revival.

Financial firms rush into MF space

With the April 1, 2011 deadline for implementation of International Financial Reporting Standards (IFRS) in India getting closer, chief financial officers are having a tough time making their companies adhere to the mandate.

CFOs call for deferment in IFRS deadline

Officials of the Reserve Bank of India (RBI) and the finance ministry would meet on September 29 to decide on the borrowing calendar for the second half of the current financial year, a senior finance ministry official said today.

RBI, finance ministry to fix borrowing plan on Sept 29

The Reserve Bank of India's (RBI's) panel on revamping the existing benchmark prime lending rate (BPLR) will meet tomorrow for further deliberation with bankers.

RBI panel on BPLR to meet today

Faces tough competition due to the presence of players such as Blackstone.

Advent eyes chemicals, building sectors

Andhra Bank is bullish on the retail segment and is working on products that are tailor-made for its customers. It is also tweaking its customer relationship management technology to identify customers' banking history including their paying capacities. The bank has 17.5 million customers.

Andhra Bank to tap own customers for retail offers

&ldquo;We are planning to structure a Mauritius-based entity which would be instrumental in roping in foreign funds from global private equity players. We are in talks with a couple of law firms for the final shape of the entity,&rdquo; RVCF CEO Girish Gupta said, adding that the fund would be the first regional fund to go global.

Rajasthan VC eyes overseas market

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