Banking behemoth Citigroup may name mortgage lender Fannie Mae's Diana Taylor as a director while revamping its board, says a media report.

Citi may name Fannie Mae's Diana Taylor as director: report

Press Trust of India

India's forex reserves rose by $2.270 billion to $266.187 billion for the week ended July 17 compared to the week-ago period.

Forex reserves up by $2.27 bn to $266.19 bn

Public sector lender Uco Bank has set a target of Rs 2.02 lakh crore business in the current fiscal.

Uco Bank targets Rs 2-lakh cr biz in FY10

UCO Bank aims to double its business in Gujarat over the next two years. The public sector bank is also setting up its corporate business branch in the state.

UCO Bank aims to double business in Gujarat

Business Standard

The bank has managed to collect only 19 forms.

Pension regulator ticks off SBI for not pushing NPS

The Pension Fund Regulatory and Development Authority (PFRDA) is planning to implement the second level of the New Pension Scheme (NPS) by December despite the first level attracting only 843 applications since its launch 45 days ago.

NPS Version 2.0 by Dec

State Bank of India (SBI), India&rsquo;s largest bank, will reduce interest rates on term deposits across various maturities by 25-50 basis points (bps) from Monday to bring down its cost of funds.

SBI cuts deposit rates by 25-50 bps

ICICI Bank was twice issued letter of warning or advisory note in the last two years for violating the Reserve Bank of India (RBI) guidelines, the Lok Sabha was informed on Friday.

ICICI issued warning note twice: Pranab

Bangalore-based public sector lender, Vijaya Bank, today returned to black and posted a net profit of Rs 143.3 crore for the first quarter ended June 30, 2009 compared to a net loss of Rs 76.64 crore in the corresponding quarter last fiscal. Its total income for the period went up by 15.2 per cent to Rs 1,463.42 crore as against the same quarter last year.

Vijaya Bank returns to black, Q1 net at Rs 143.3cr

Andhra Bank net jumps 230%, Dena up 68.4% and Vijaya back in black.

Govt banks log robust growth

Its gross non performing assets jumped to 10.86 per cent (Rs 363.95 crore) from 2.74 per cent (114.77 crore).Meanwhile, the private sector bank&rsquo;s board gave nod to raise up to Rs 400 crore through a variety of instruments.

DCB in red, to raise Rs 400 cr

Treasury income, cost reduction prop up profit.

ICICI Bank posts 68% rise in net

Gold prices are likely surge to a level of $970 an ounce this week in international markets on softening dollar but analysts said the domestic rates are unlikely to track the global cues, thanks to a stronger rupee.

Rising rupee to guide gold prices this week

The country's largest lender, State Bank of India (SBI), has told the government that it would earn a minimum profit of Rs 11,000 crore in the current fiscal, 21 per cent more that what it achieved in the previous fiscal.

SBI projects a net profit of Rs 11,000 cr this fiscal

Citigroup has named three new directors, raising the total board strength to 17, and has also announced other governance actions amid pressures from the Federal regulators to overhaul the company management.

Citigroup names three new directors on its board

Public sector lender Dena Bank plans to raise Rs 500 crore in its Tier-1 structure this fiscal, a top bank official said.

Dena Bank to raise Rs 500 cr via Tier I capital

Growth forecast may be raised to factor in improving monsoon, stimulus packages.

RBI may leave policy rates unchanged

Andhra Bank posted an increase of 230 per cent in net profit at Rs 256.22 crore for the quarter ended June 30, 2009, over Rs 77.62 crore a year-ago, backed by a rise in its net interest income, fees and commissions. Net interest income rose 27.46 per cent to Rs 441.37 crore in April-June 2009 compared with Rs 346.26 crore in the previous comparable quarter. Other income comprising streams such as fees, commission and recoveries jumped 118.9 per cent to Rs 238.07 crore.

Andhra Bank net up 230 per cent

The Indian rupee appreciated by 11 paise against the dollar in early trade today on expectations of capital inflows as the stock markets may open strong in line with other Asian equity markets.

Rupee up 11 paise against $

The Dubai International Financial Centre would hold two international conferences&nbsp; in India focussing on banking, finance and investment in October.

DIFC to hold conferences on finance and investment in India

Total income rose by 24.24 per cent to Rs 3,196.06 crore during the first quarter, Central Bank of India said in a filing to the Bombay Stock Exchange.

Central Bank of India Q1 net up four fold at Rs 267 cr

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