Fund-raising to the tune of Rs 8,500 crore underway.

PEs see gains in core sector

Business Standard

Kaizen Management Advisors, India&rsquo;s first education-focused private equity (PE) fund, will close a $150-200 million (around Rs 720-960 crore) fund by the middle of next year. The fund is looking at investing in two education institutions by the end of this year.

India's first education PE to raise $150-200 million

Crisil, the country&rsquo;s leading rating agency, forayed into the equity research space today by launching grades on 13 companies &mdash; NTPC, DLF, Hero Honda, Pantaloon, Apollo Hospital, JM Financial, EID Parry, Phoenix Mills, Everest Kanto Cylinder, Indiabulls Securities, JBF Industries, Aarti Industries and Dolphin Offshore.

Crisil forays into equity research

BNP Paribas SA, France&rsquo;s largest bank, plans to raise &curren;4.3 billion ($6.3 billion) by selling stock to existing shareholders to help repay government funds.

BNP seeks $6.3 billion in capital to repay state aid

The borrowing for October-March to be completed by the first week of February.

Government to stick to borrowing target

When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.

Interest rates unlikely to rise in FY10: Bankers

In an effort to grow its retail loan portfolio, public sector lender IDBI Bank has decided to slash auto loan rates by over 300 basis points and home loan rates by 25 basis points.

IDBI slashes rates for auto, home loans

One of the lessons emerging from the global financial crisis was the need for a better system of governance to manage the challenges of globalisation, especially for countries like India and Sri Lanka where growth opportunities were unlimited, said KC Chakrabarty, deputy governor of the Reserve Bank of India (RBI).

Better global governance need of the hour, says RBI

The Indian arm of the Royal Bank of Scotland (RBS) 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

Press Trust of India

Vijaya Bank expects Rs 700 crore funds from the government by December to recapitalise the bank, Chairman and Managing Director Albert Tauro said today.

Vijaya Bank expects Rs 700-cr infusion by December

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

FDIC likely to ask banks to prepay fees for three years

A top Chinese regulator for foreign banks has said Citigroup should expand its local operations in China, according to a media report.

Chinese regulator for Citigroup's expansion in China: Report

Bank of Maharashtra, today said that it would offer reduced interest rates for housing loans sanctioned during the festival period under Mahabank Platinum Housing Loan Scheme.

BoM slashes home loans interest rates

The biggest German bank, Deutsche Bank, said today that plans to eliminate German posts as reported in the press were not new.

Deutsche Bank plans to shed 1,300 German jobs: Report

Eyeing a place among the top-three health insurers in the country within three years, Anil Ambani group firm Reliance Life Insurance today said it is strengthening its portfolio of health insurance products in the coming months.

Reliance Life to strengthen its health insurance portfolio

With few insurers showing interest in tapping the capital market, insurance regulator Irda today said it would come out with disclosure norms for initial public offerings (IPO) by insurance companies next week.

Disclosure norms for insurance cos next week: Irda

The Reserve Bank of India (RBI) will roll back the special monetary measures if the government commits itself to fiscal discipline by chalking out a fiscal consolidation plan and the economy shows more definite signs of recovery, RBI Governor Duvvuri Subbarao has said.

RBI hints at rollback of monetary expansion

The Rs 500 cr Non Convertible Debenture (NCD) issue by Commercial vehicle finance major Shriram Transport Finance Company Limited (STFC) evoked an overwhelming response and was subscribed by almost ten times on the very first day of opening on Monday.

Shriram Transport Fin over subscribed almost 10 times

Export Import Bank of India (Exim Bank) is considering raising funds through Samurai bonds, or Yen-denominated bonds issued in Tokyo by a non-Japanese company and subject to Japanese regulations.

Exim Bank eyes funds through Samurai bonds

India&rsquo;s foreign exchange reserves rose $1.524 billion in the week up to July 24 to $267.71 billion, partly due to inflows by foreign institutional investors (FIIs) and revaluation of currencies.

Forex reserves up $1.5 bn

Export Import Bank of India (Exim Bank) is considering raising funds through Samurai bonds, TC Venkat Subramanian, chairman and managing director, has said. This financial year, the bank is planning to raise Rs 19,500 crore.

Exim Bank's fund raising

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