Banks have sought relaxation in norms for classifying loans to delayed infrastructure projects as sub-standard assets even as the Reserve Bank of India (RBI) has indicated its unwillingness to ease the group exposure ceiling.

Banks seek more sops for core financing

Business Standard

Former PNB chief takes over as the 51st deputy governor of RBI.

Chakrabarty hints at small savings rate cut

The Indian rupee depreciated by 21 paise against the $ in early trade today on banks buying the US unit in anticipation of capital outflow by funds as domestic markets are seen opening in the negative.

Re weakens by 21 paise against $

Press Trust of India

Bank Muscat today said it will sell its remaining holding in India's second largest private sector lender HDFC Bank within a month.

Bank Muscat to sell remaining stake in HDFC Bank

The country's fourth largest public sector lender, Canara Bank, today said it is willing to acquire a bank in India to increase its size and presence.

Canara Bank willing to acquire bank: Mahajan

All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) have announced their decision to go on strike on July 3 protesting the merger of six associate banks with the State Bank of India (SBI).

Bank strike on July 3 to protest SBI merger

Country's largest urban co-operative lender, Saraswat Bank today said it is in talks with two to three co-operative banks for possible acquisitions.

Saraswat Bank in talks with lenders for takeover

This will enable foreign partners to hike their stake beyond 26 per cent.

PSBs planning JVs go for call options

Canara HSBC Life Insurance plans a fresh fund infusion in the second half of the current financial year.

Canara HSBC Life to infuse additional Rs 200 crore

In order to revive the demand in the real estate sector, Urban Development Minister Jaipal Reddy today favoured cheaper loans for buying houses.

Minister pitches for cheaper housing loans

Public sector banks (PSBs) with interest in the insurance business are bracing for an increase in the foreign investment ceiling from 26 per cent to 49 per cent.

Proposes further easing of norms, but the Reserve Bank of India wants status quo.

Finmin to review ECB policy this week

Issuances of certificates of deposit (CDs) fell sharply On Tuesday because banks were not keen on raising funds as most of them had placed huge amounts of CDs on Monday, noting the fall in rates, dealers said.

CD issuances drop sharply

Saraswat Cooperative Bank, India&rsquo;s largest urban cooperative bank (UCB), is planning two acquisitions to increase its footprint.

Saraswat Bank plans to acquire two urban co-ops

Citigroup Chief Executive Officer Vikram Pandit said his bank will look abroad for growth as the US economy goes through an &ldquo;adjustment period&rdquo;, marked by greater savings and less credit.

Citigroup to expand reach abroad as US faces Slower growth

The Indian rupee depreciated by 12 paise against the dollar in early trade today on increased demand for the&nbsp;dollar from refiners and importers.

Rupee down 12 paise against $

Manipal-headquartered public sector lender, Syndicate Bank, today said that it has raised Rs 200 crore through issue of unsecured non-convertible sub-ordinated debt (eligible for lower Tier-II capital).

Syndicate Bank raises Rs 200 cr

Credit offtake of banks for the fortnight ended June 5 increased by 15.1 per cent to Rs 28 lakh crore.

Bank credit offtake increases by 15%

Mumbaikars spend the lowest compared to the denizens of the other three metros.

Delhiites go for big-ticket credit card buys

Although bank credit increased Rs 21,460 crore in the fortnight ended June 5, 2009, after falling by Rs 16,306 crore in the previous fortnight, the year-on-year rate of growth still remains subdued, indicating that surplus liquidity is not making its way into the economy.

Bank credit growth remains subdued

In order to make banking services more customer-friendly, the Reserve Bank of India (RBI) wants more and more banks to adopt the practice of informing customers about fund transfers through SMS and emails.

Give details of fund transfer via SMS/emails: RBI

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