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

Press Trust of India

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

RBI cautions banks on realty exposure

Business Standard

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

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

Kharif loan disbursement down 30%

The Reserve Bank of India (RBI) today accepted bids for bonds worth Rs 1,969 crore under its open market operations as against the notified face value of Rs 6,000 crore.

RBI accepts bids for bonds worth Rs 1,969 cr

The Indian rupee today fell by 30 paise against the dollar in opening trade on expectation of fresh capital outflows as markets may open with losses in line with other Asian bourses.

Re falls 30 paise, at 48.25 in opening trade

Union Bank of India (UBI) has approached the government for a capital infusion of Rs 1,800 crore to fuel its expansion plans, a top bank official said.

Union Bank asks govt for Rs 1,800 cr capital infusion

State Bank of India (SBI) Chairman O P Bhatt said today no increase in interest rates is expected in the near future, allaying apprehensions on the return of the tight money policy.

No hike in interest rates on cards: SBI chief

Global banking major Barclays is in talks to acquire some of Citigroup's retail-banking assets, including credit-card portfolio, in Portugal in a move to strengthen its presence in southern Europe, says a media report.

Barclays in talks to buy Citi's assets in Portugal: report

India's foreign exchange reserves fell to $280.770 billion for the week ended September 18 from $280.978 billion in the previous week.

Forex reserves fall to $280.770 bn

Australian financial services major ANZ will buyout its wealth management and life insurance joint ventures with Dutch entity ING Group for euro 1.1 billion.

ANZ to buy ING's 51% stake in insurance, wealth mgmt JVs

&quot;D Subbarao, governor, Reserve Bank of India will release the Second Quarter Review of the Annual Policy Statement 2009-10 on Tuesday, October 27, 2009,&quot; RBI said in a release.

RBI to announce quarterly policy review on Oct 27

Australia&rsquo;s fourth-biggest lender will pay cash for ING&rsquo;s 51 percent stake in ING Australia and ING New Zealand, the Melbourne-based bank said in a statement today. Amsterdam-based ING, which received a &curren;10 billion ($14.6 billion) lifeline in October from the Netherlands, will book a profit of &curren;300 million from the sale, it said in a statement.

ANZ bank to buy rest of ING venture for $1.5 billion

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