The credit growth during the year up to September 11 fell 13.24 per cent, mainly due to the high base effect and banks pushing loans to meet their quarterly targets. In the corresponding period last year, credit flow had risen 26.1 per cent on a year-on-year basis.

Credit growth up as quarter draws to close

Business Standard

Farm loan disbursements for the kharif season have fallen 30 per cent due to drought in a majority of the states.

Kharif loan disbursements down 30 per cent

Capital International, the US money manager with more than $3 billion in alternative assets, is seeking to increase investments in Indian consumer-related companies after exiting two of its three holdings in the country this year.

Capital Intl looks to invest in  consumer firms

Bank of America Corp and JPMorgan Chase &amp; Co, the two biggest US banks by deposits, are cutting overdraft fees amid criticism from lawmakers over the way the lenders charge customers.

BofA, JPMorgan reduce fees on overdrafts

India&rsquo;s 10-year bonds gained after the Reserve Bank of India (RBI) said it will offer to buy back existing debt at an auction tomorrow.

Bonds gain after central bank offers to buy securities

With a visible recovery in global financial markets in sight, nearly 78 per cent of world&rsquo;s wealthy population expects to grow their personal wealth over the next one year, a survey today said.

World's rich expect their wealth to grow in 2010

Press Trust of India

The Indian rupee today fell by 17 paise against the US dollar in early trade on expectations of fresh capital outflows and increased dollar demand from importers.

Re falls 17 paise, at 48.15 in early trade

Financial behemoth Citigroup is planning to scale back its US branch network to six major metropolitan cities, including New York and Washington, and also limit its lending to affluent customers, says a media report.

Citi to scale back US operations: report

Citigroup today said it expects the Reserve Bank of India (RBI) to tighten money supply from 2010 as inflation is likely to rise further, while retaining India's economic growth forecast at 5.8 per cent for the current fiscal.

RBI may tighten money supply in 2010: Citigroup

With some of the real estate companies having substantial investment in their subsidiaries, the Reserve Bank of India (RBI) today asked banks to assess the risk of the group as a whole while giving loans to these companies.

RBI cautions banks on assessing risk of real estate advances

Banks told to assess the exposure of the whole group to the sector while lending.

RBI cautions banks on realty exposure

With the government likely to borrow a record Rs 4,51,000 crore in 2009-10, life is getting tougher for primary dealers (PDs).

Primary dealers feel the heat of govt borrowings

The financial services arm of engineering and construction firm Larsen &amp; Toubro raised Rs 1,000 crore through its first-ever public offer of secured redeemable non-convertible debentures. The debentures touched Rs 1,029.90 in opening trade, up by 2.9 per cent on the National Stock Exchange.

L&T Fin NCD issue opens at premium

Banks on Thursday parked Rs 71,520 crore with the Reserve Bank of India (RBI) through the reverse repo route, which is used to suck out excess liquidity from the system.

Banks park Rs 71,520 cr with central bank

The country&rsquo;s largest private insurance company, ICICI Prudential Life, said today its assets under management (AUMs) have crossed $10 billion.

ICICI Pru's AUM crosses $10 billion

US government agency Overseas Private Investment Corporation (OPIC) today said it would provide $250 million (about Rs 1,200 crore) to expand a partnership with Citi that provided micro-finance lending to borrowers in emerging markets worldwide. The facility has the potential to reach more than 480,000 borrowers, OPIC said.

Citi, US agency to expand micro-finance tie-up

US-based lender Wells Fargo&rsquo;s India unit would execute some back-office work of Wachovia. Earlier, this work was outsourced to third parties, said a senior bank executive.

Wells Fargo to do back office work for Wachovia

The currency rose for the sixth time in seven days after exchange data showed global funds bought $1.4 billion more of local shares than they sold last week, the most in two years. India&rsquo;s economic growth accelerated to 6.1 per cent in the quarter ended June 30, a pace of expansion that&rsquo;s second only to China in Asia. The Asian Development Bank raised on September 22 its 2009 growth forecast for the region, excluding Japan, to 3.9 per cent from 3.4 per cent.

Re strengthens as stocks attract inflows

Debenture trustees may have to report company filings to the market regulator.

RBI, Sebi to regulate NCDs jointly

State Bank of Hyderabad (SBH) is targeting to increase advances to the small and medium enterprises (SME) space by almost Rs 1,600 crore in the current fiscal.

State Bank of Hyderabad to up SME advances

Kharif loan disbursement down 30%

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