Offers to fix rates in second, third year of loan.

SBI improves its home loan offer

Business Standard

If you are a Citibank credit card holder in Bangalore, and use a Vodafone mobile phone service on a Nokia 6212, you need not carry that Citi credit card anymore. Your mobile phone will double as a credit card as well. Using near-field communications (NFC) technology, Citibank has launched a next-generation, contact-less, credit card payment mechanism.

Citibank launches next-gen mobile payments in India

India&rsquo;s rupee rose, snapping five quarters of losses, as the prime minister&rsquo;s re-election for a second term boosted investor optimism that economic progress will be sustained.

Rupee ends five quarter of losses

Public sector lender, Corporation Bank, is planning to raise Rs 1,000 crore capital through bond issuances in the current financial year.

Corporation Bank to raise Rs 1000 crore via bond issues

VCs take a fancy to health, education

The government is considering a proposal to extend the benefit of tax pass-through to domestic venture capital (VC) funds on investments across all sectors in the coming Budget. At present, this benefit is restricted to investments in only nine sectors &mdash; biotechnology, nanotechnology, IT hardware and software, R&amp;D for new chemical entities, seed research, dairy, poultry, bio-fuels and large hotel-cum-convention centres.

Indian VCs may get pass-through tax sops in Budget

HSBC&rsquo;s bottomline stood at Rs 1,291 crore for 2008-09 as compared to Rs 1,192 crore in the previous year, while Deutsche Bank recorded a net profit of Rs 430 crore as against Rs 386 crore in the previous year.

HSBC India net profit up 8%, Deutsche's  11% on provisioning

Hyderabad-based financial services provider Karvy group on Tuesday announced the regrouping of its advisory services primarily to address the special needs of high net-worth individuals (HNIs) in India.

Karvy to address the needs of HNIs

India&rsquo;s external debt rose about 2.4 per cent to $229.9 billion at the end of March 2009 from $224.57 billion a year ago due to rise in trade credit.

India's external debt up 2.4% to $229.9 bn

The current account balance saw this turnaround after two years. During the January-March 2007 current account increased by $ 4.2 billion.

Current a/c turns surplus after 2 yrs

The Indian rupee today depreciated by 20 paise against the $ in early trade on increased demand for the US currency from importers.

Rupee falls by 20 paise/ $ in early trade

Press Trust of India

ICICI Prudential Life Insurance Company, a joint venture between ICICI Bank and Prudential Plc, has launched &quot;LifeStage Assure Pension&quot; (LAP) plan here on Wednesday.

ICICI Prudential Life launches new pension plan

Indian Bank has hiked interest rates on FCNR (B) and NRE deposits with effect from July 1, 2009.&nbsp;
For FCNR (B) deposits, in US Dollar the revised interest rate has been fixed at 2.61 per cent for deposits of one year and above but less than two years (2.60 per cent existing); at 2.53 per cent for deposits of two years and above but less than 3 years (2.38 per cent existing); at 3.12 per cent for deposits of three years and above but less than 4 years (2.99 per cent existing); at 3.57 per

Indian Bank hikes FCNR, NRE deposits rates

Global banking majors Standard Chartered and ANZ are in advance talks to acquire separate parts of troubled Royal Bank of Scotland's Asian units which include India, China and Singapore, said a media report.

Stan Chart, ANZ in advance talks to acquire RBS' Asian assets

Kumbakonam-based City Union Bank (CUB) is planning to raise Rs 300 crore through the qualified institutional placement (QIP) route.

City Union Bank to raise Rs 300cr via QIP

Credit offtake by banks picked up for the second fortnight in a row, rising by Rs 13,005 crore in the first half of June. During the fortnight ended June 5, the growth was Rs 21, 460 crore.

Bank credit grows by Rs 13,000 crore

The International Monetary Fund (IMF)&rsquo;s board of directors plans to approve authorisation to issue as much as $150 billion of bonds for the first time as it seeks new sources of funds, an IMF official said.

IMF to authorise $150 bn in bond debut

As part of an exercise to rationalise costs, ICICI Bank, the country&rsquo;s largest private sector lender, plans to set up a service centre in Hyderabad to house its call centres, back offices and training facilities, according to a senior executive.

ICICI plans processing hub in Hyderabad

The Indian rupee today appreciated by 15 paise against the dollar in early trade on weakness in the greenback against major Asian currencies and expectations of increased capital inflows into domestic stock markets which may open firm following rising global markets.

Rupee up 15 paise against $ in early trade

The Reserve Bank today said the country's wholesale price-based inflation (WPI) and industrial production data (IIP) should be improved and employment data availed for effective monetary policy management.

RBI for improving quality of WPI, IIP data

Private sector lender, Yes Bank, plans to raise around Rs 500 crore by September as Tier-II capital and around $200 million in its Tier-I structure through an equity issuance, a top bank official said.

Yes Bank to raise Rs 500 cr by September

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