With the economic downturn impacting deal flows, salaries of top private equity professionals took a hit as most firms froze pay hikes and held back bonuses this year, experts said.

PE firms freeze pay hikes, bonuses

Press Trust of India

Accordingly, the rate for home loans up to Rs 20 lakh will now be 8.75 per cent, while loans between Rs 20-50 lakh will be charged 9.25 per cent. For loans above Rs 50 lakh, the rate has been fixed at 9.75 per cent.

ICICI cuts home loan rates to remain competitive

Business Standard

The Reserve Bank of India (RBI) may set a commission of 4 paise for primary dealers (PD) underwriting Friday&rsquo;s Rs 6,000-crore auction of the 7.02 per cent, 2016 government bond, a NewsWire18 poll of seven primary dealers showed today. Along with the 2016 paper, the central bank will also auction Rs 4,000 crore of the 7.94 per cent, 2021 bond and Rs 2,000 crore of 8.28 per cent, 2032 bond.

RBI may fix underwriting fee at 4 paise

Customers can avail themselves of unhindered, free third-party ATM transactions for some more time despite the Reserve Bank of India (RBI) capping such deals at a maximum of five per month. Reason: To implement the cap, banks will need to make various technological changes in the machines and that will take quite some time.

Banks may take 3 months to cap free 3rd-party ATM deals

Rupee rose for the first time in four days on speculation exporters took advantage of the currency&rsquo;s slide to a six-week low to repatriate overseas income.

Re rises from six-week low

Amid the green shoots being sighted the world over, the Reserve Bank of India (RBI) today painted a grim picture and laid bare the dilemma of low growth and high inflation that it faced in the months ahead.

RBI report puts damper on green shoots of recovery

Lloyds Banking Group Plc may sell part of its fund management business, including a possible initial public offering of Scottish Widows, to raise cash after its bailout, two people familiar with the talks said. Lloyds is in the early stages of assessing options for Scottish Widows, its 194 year-old money management and insurance division, said the people, who declined to be identified because the talks are private. The bank may also sell Clerical Medical, a provider of investment products and pensions, the people said.

Lloyds to weigh disposals

In a move that could affect private equity (PE) and venture capital (VC) funds being set up by banks, the Reserve Bank of India (RBI) today said it was planning to lay down a risk management and capital adequacy framework for bank-sponsored private pools of capital.

Bank-sponsored PE, VC funds face capital adequacy norms

The Reserve Bank of India (RBI) has extended the terms and conditions for banks to provide funds to housing /development projects following a recent judgment of the Bombay High Court.

RBI tightens housing project funding norm

MTM risks to the Indian banking sector are limited and manageable.

Indian banks pass stress test

As a sign of people moving to electronic mode of fund transfer, the number of cheques processed in 2008-09 fell 5 per cent after growing at 7 per cent and 11 per cent in the past two years, respectively.

E-transactions gain ground; cheque clearances dip 5%

The Reserve Bank of India&rsquo;s (RBI&rsquo;s) transferable surplus to the Government of India for 2008-09 jumped 66.6 per cent to Rs 25,009 crore from Rs 15,011 crore in the previous year.

RBI surplus jumps 66.6 per cent

Despite various measures taken by the Reserve Bank of India (RBI) to curb the menace of counterfeit notes, the value of such currencies detected by RBI offices and branches of various banks has gone up by 183.14 per cent in the last one year.

Worrying sign: Value of fake notes up 183 per cent

With the government announcing a huge borrowing programme for 2009-10 at Rs 4.51 lakh crore, the Reserve Bank of India today said debt managers need to ensure transparency in order to ensure investors were not taken by surprise which might help lower cost of borrowing.

Credibility of borrowing scheme may help lower costs

Replaces three directors who were not in favour of the deal.

CSB gets shareholders' nod for Federal Bank merger

From October 15, customers will not be able to enjoy limitless use of third-party ATMs free of charge.

Free ATM withdrawals face caps from Oct 15

The Reserve Bank of India (RBI) today prohibited chit funds from accepting deposits, a move that could make banks the sole public deposit-taking institutions in the country.

Chit funds can&#39;t take public deposits, says RBI

Reliance General Insurance-led consortium bags the mandate for $24.3 million.

Nacil manages to control insurance cost

Regulators closed banks in California, Maryland and Minnesota on Friday, pushing US bank failures to 84 this year amid continuing fallout from the worst economic crisis since the Great Depression.

Regulators shut three more US banks, toll mounts to 84

Banks&rsquo; investments in mutual funds increased by Rs 17,291 crore during the fortnight ended August 14 to Rs 1,56,910 crore, which is over 20 per cent of the total asset under management of the industry in the period.

Banks park Rs 17,291 crore in MFs

The yield on government bonds may inch up on Monday on the effect of aggressive bids placed at bond auction last week.

Bond yields may move up

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