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

Business Standard

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

Press Trust of India

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

The Pension Fund Regulatory and Development Authority (PFRDA) today said it would announce within a month the guidelines for managing the pension funds of companies.

Corporate pension fund norm within a month: PFRDA

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

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

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

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