The dividend cheque was presented by the bank Chairman and Managing Director A C Mahajan to Finance Minister Pranab Mukherjee.

Canara Bank pays Rs 240 cr dividend to govt

Press Trust of India

Gross tax revenue is budgeted to decline to 10.9 per cent of GDP this fiscal from 11.8 per cent in FY09, the Reserve Bank of India (RBI) said.

Gross tax revenue budgeted to decline, says RBI

The total advances of National Bank for Agriculture and Rural Development (Nabard), the central refinance agency, is likely to touch Rs 51,500 crore in the current financial year.

Nabard FY10 advances to exceed Rs 51k crore

Business Standard

Its total income rose 24.4 per cent to Rs 4,735.15 crore, while net interest income increased 14 per cent to Rs 1,204.70 crore, Chairman and Managing Director M D Mallya said.

BoB posts 85% rise in bottom line for Q1

Srei Infrastructure Finance has posted a consolidated profit-after-tax (PAT) of Rs 38.91 crore for the first quarter of the current financial year as against Rs 43.20 crore during the same quarter the previous year, a fall of about 9.93 per cent.

Srei Infra Fin PAT rises marginally

Mahindra and Mahindra Financial Services, the non-banking finance company and a part of the Mahindra Group, reported a 52.48 per cent increase in its consolidated net profit. The June quarter net profit rose to Rs 43.16 crore as against Rs 28.30 crore in the corresponding quarter last year.

Mahindra Finance net rises 52%

The tightening of bank lending norms to individuals seems to be the main drivers for a decline in incremental credit flow.

Moderation in retail loans crimps credit growth

The flow of resources to the commercial sector fell by 43 per cent to Rs 90,666 crore during the first quarter of the current financial year, as against Rs 159,121 crore during the corresponding period last year.

Resource flow to commercial sector drops 43% in Q1

A sharp decrease in lending by private and foreign banks has pulled down the year-on-year (y-o-y) growth in credit by all scheduled commercial banks (SCBs) to 16.3 per cent as of July 3, 2009. It was 25.5 per cent a year ago.

Private banks' credit growth in single-digits

ICICI Bank&rsquo;s rather subdued numbers for the June 2009 quarter suggest that it could take a while to get back on track. Core profits (net interest income plus fees minus costs minus loan provisions) of the bank were down 65 per cent year-on-year and about 40 per cent sequentially.

ICICI Bank: In consolidation mode

In its pre-monetary policy review, the Reserve Bank of India (RBI) has indicated that inflation will harden by the end of the year, mainly due to the base effect.

Inflation to firm up by Mar

Despite the weak monsoons, the Indian economy is expected to grow faster than earlier estimates, a survey of professional forecasters conducted by the Reserve Bank of India revealed.

Outlook brightens: RBI survey

ICICI Bank is betting on infrastructure finance and mortgage lending to deploy surplus cash, according to Sonjoy Chatterjee, executive director, ICICI Bank.

ICICI Bank looks at infra finance, mortgage lending

Looking to raise OMO limit, borrowing cap for primary dealers.

RBI steps in to ease borrowing blues

Want to appoint CFO, advisory board and governance committee.

Bankers set stiff terms for Subhiksha debt relief

The Indian rupee today skidded by 8 paise against the dollar in early trade due to the month-end dollar demand from importers.

Rupee falls by 8 paise in early trade

A fire broke out today in the old building of the Reserve Bank of India (RBI) in south Mumbai which was later doused off, fire officials said.

Fire breaks out at old RBI building in Mumbai

Magma Fincorp today entered into a joint venture agreement with German insurer HDI Gerling International Holding AG (HDI) for general insurance company. HDI is a part of Talanx AG Group and the third-largest insurance group in Germany.

Magma inks deal with German insurer HDI Gerling

German financial services major Deutsche Bank today reported a 67 per cent jump in net income to euro 1.1 billion (Rs 7,566 crore) for the second quarter of 2009, bolstered by a good performance in its corporate and investment banking operation.

Deutsche Bank Q2 net surges 67% to euro 1.1 bn

Dashing hopes of further interest rate cuts in home, consumer and auto loans by lenders, the Reserve Bank today kept the key rates unchanged.

RBI keeps status quo; interest rates unlikely to ease

Aegon Religare Life Insurance, today said that its promoters have infused an additional Rs 45 crore into the capital base of the company.

Aegon Religare Life Insurance infuses Rs 45 cr capital

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