In the coming week, the rupee may feel pressure and depreciate as month-end demand from oil importers for dollars could limit the upside, Angel Commodities&rsquo; analyst Amar Singh has said in a report.

Rupee likely to depreciate this week

Press Trust of India

The promoters of Tata AIG Life Insurance are expected to infuse Rs 600-700 crore capital in the venture during the current financial year.

Tata, AIG to infuse Rs 600 cr in life insurance JV

Business Standard

At present, NRI accounts contribute almost Rs 1,350 crore to its consolidated business volume.

Vijaya Bank looking at Rs 5,000 cr from NRI accounts

The Federal Reserve decided to keep pumping $1.25 trillion of new money into the mortgage market to focus on rescuing the US economy as the financial system revives and banks ask for less help.

Fed's strategy reduces US bailout

More than half a dozen PSU banks are expected to get about Rs 10,000 crore as fresh capital by December following the World Bank board's decision to inject funds into these PSBs and enhance their capacity to lend.

Rs 10,000-cr of WB fund to flow into banks by December

In a ruling that would bring cheers to thousands of customers, the National Consumer Commission has ruled that banks cannot unilaterally change its schemes as it might amount to &quot;deficiency of service.

Banks can't change schemes unilaterally: consumer panel

Customers having multiple credit cards will now not be allowed the&nbsp;luxury of using either in case they default on making payments for even one, thanks to&nbsp;stringent measures being adopted by the banks.

Banks to block all credit cards for payment default on one

The Reserve Bank is likely to reverse its soft rate regime by as early as April next year and increase its key policy rates by 125 basis points each by 2010-end due to rising food prices, global financial major Citigroup has said.

RBI likely to start hiking rates by April 2010: Citi

Insurance and agents are two words that seem to be inextricably linked in our minds. If you think of the word insurance, then the word agent will instantly pop up in your brain.

Agents and their relevance to the insurance Industry

Vijaya Bank looking at Rs 5,000 crore from NRI accounts

Citi, StanChart already follow this practice, SBI Cards differs.

ICICI to block all cards in case of default on one

With just two trading days in the current week and a decision likely on the government borrowing plan for the second half, the yield on government bonds are expected to remain range-bound.

Bond yields to remain range-bound

The government has asked public sector banks (PSBs) to increase focus on attracting low-cost current account, savings account (Casa) deposits in order to contain their cost of funds. It will also enable them to maintain a softer interest rate regime.

Focus more on Casa deposits, govt tells public sector banks

To draw all members of a family to bank with it, ICICI Bank, the country&rsquo;s largest private sector lender, has introduced family banking savings accounts as part of its strategy to acquire low-cost deposits.

ICICI Bank eyes family accounts

The Reserve Bank of India (RBI) has expressed its reservations on the government&rsquo;s proposal to set up a computerised central registry for keeping records of loans mortgaged against securities in a public private partnership (PPP) mode.

RBI against PPP model for central loan registry

Chancellor of the Exchequer Alistair Darling, targeting what he calls &ldquo;greed and recklessness&rdquo; in Britain&rsquo;s financial system, asked banks to curtail bonus pay and said the rich will pay more in tax.

Darling targets bank bonuses, says UK rich will pay more tax

The Indian rupee today weakened by another 10 paise to 48.07 against the greenback in early trade today on fresh month-end dollar demand amid strong equity markets.

Re weakens by 10 paise vs $ in early trade

The Federal Deposit Insurance Corporation, the agency which insures deposits of over 8,000 US banks, is anticipated to propose the banks to prepay three years' fees to boost its fund, says a media report.

FDIC likely to ask banks to prepay fees for 3 years

Public sector lender, State Bank of Bikaner &amp; Jaipur (SBBJ) today said it has appointed B S Gopalakrishna as Director on the board of the bank.

SBBJ appoints B S Gopalakrishna as Director

NCR today announced that it has secured an order for the sale of 3,800 ATMs, as well as a seven-year ATM services contract, from State Bank of India (SBI).

NCR to open 3,800 ATMs for SBI

The Indian arm of the Royal Bank of Scotland-owned ABN Amro witnessed a sharp spurt in its wage bill during 2008-09 which constituted more than a quarter of its total expenses, the highest among the major foreign banks operating in the country.

ABN Amro's wage bill soars in 2008-09: RBI data

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