Public sector player Punjab &amp; Sind Bank (PSB) is drawing up plans to privately place equity shares with institutional investors ahead of an initial public offer next year.

Pvt placement debuts in public sector banks

Business Standard

Convertible bonds from large-cap companies being sought by foreign investors.

Rally eases redemption pressure on FCCB issuers

Reserve Bank of India (RBI) Deputy Governor Usha Thorat on Monday said India needed to build foreign exchange reserves when the going was good, so that it could use them as a buffer during crises.

Need to build up forex reserves as buffer against crises: Thorat

Royal Bank of Scotland Group Plc, Britain&rsquo;s biggest government-controlled bank, is in talks with shareholders to gauge the appetite for a potential rights offering, two people familiar with the talks said.

RBS may raise $8.1 bn in share sale

After having a minor presence in India for more than three decades, French banking group Societe Generale (SocGen) is now counting on India along with China to offer major growth opportunities in the next three to five years.

SocGen looks to India for growth

The Indian rupee today fell marginally by 3 paise to 48.16 against the US dollar in early trade, on expectations of fresh capital outflows, as the stock market may open lower in line with mixed trends in other Asian markets.

Re down 3 paise at 48.16 a $ in early trade

Press Trust of India

The Indian rupee fell by 10 paisa at 48.23 against the US dollar in morning trade today on month-end dollar demand.

Re turns weaker by 10 paisa against $

Private sector lender Lakshmi Vilas Bank is planning to raise Rs 240 crore to 300 crore through the issue of shares on rights basis.

Lakshmi Vilas Bank to raise Rs 240-300 cr via rights issue

Banks use a part of their liquid funds for lending and state govt auctions.

Parking under LAF dips below Rs 100,000 crore

Dewan Housing Finance (DHFL) has raised Rs 250 crore through private placement of debt and plans to raise another Rs 500 crore through private placement of non-convertible debentures (NCDs) in the current financial year, according to Vice-Chairman and Managing Director Kapil Wadhawan.

Dewan Housing Finance raises Rs 250 cr debt

Inching closer to taking over Catholic Syrian Bank (CSB), one of the oldest private sector lenders in Kerala, Federal Bank has started the process of financial due diligence. Leading consultancy firm KPMG is doing the job for Federal Bank.

Federal Bank starts due diligence to acquire CSB

Rupee advanced to the strongest closing level in six weeks on optimism foreigners will pour more money into the nation&rsquo;s shares, lured by the economy&rsquo;s relatively fast growth.

Re at six-week high as stocks attract investors

Absence of adequate long-term pool of capital in India triggers trend.

Govt VCs look abroad for funds

Private Equity firm Sabre Capital is expanding its healthcare corpus from Rs 250 crore to Rs 400 crore, which will be invested through its subsidiary Spring Healthcare.

Sabre Capital to up healthcare fund size

Reserve Bank of India (RBI) Governor D Subba Rao on Tuesday initiated the financial literacy programme at Doddaballavangala village in Bangalore rural district, about 60 km from here, to achieve 100 per cent financial inclusion in the country.

RBI begins financial literacy drive

They also have to reveal terms and conditions for loans, credit cards.

Banks told to disclose loan reference rate to customers

After crossing the $2-billion mark in July, the amount Indian companies raised through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) dipped to $1.09 billion (about Rs 5,322 crore) in August.

ECB, FCCB volumes fall in August

With an aim to achieve financial inclusion and provide door step banking to the rural people, the Orissa government today signed a memorandum of understanding (MoU) with the public sector State Bank of India (SBI) for implementing the electronic benefit transfer (EBT) scheme for National Rural Employment Guarantee Act (NREGA) beneficiaries.

Electronic benefit transfer for NREGA payments

The Indian rupee today strengthened by 9 paise to quote at almost six-week high of 47.86 against the US dollar in early trade, on hopes of more capital inflows as local bourses may open on a strong note.

Re rises by 9 paise against $ in opening trade

Insurance regulator Insurance Regulatory and Development Authority (IRDA) today asked life insurance companies to give details of those policies for which premiums have not been received for more than one quarter.

Life insurers to furnish details of premium-awaited policies

A crucial meeting between the representatives of the United Forum of Bank Unions (UFBU) and the Indian Banks Association (IBA), slated for tomorrow, is likely to discuss wage revision and other demands of about 10.5 lakh bank employees and officers in the country.

Bank unions to meet IBA over wage revision

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