Joins Morgan Stanley and UBS AG in boosting salaries for executives and employees.

Citi plans to raise salaries by as much as 50 per cent

Business Standard

The Indian rupee today remained steady at 48.57/58 against the US currency in early trade on weakening of dollar in the overseas market.

Rupee steady at 48.57/ $ in early trade

Press Trust of India

&quot;D Subbarao, Governor, Reserve Bank of India will release the first quarter review of Monetary Policy 2009-10 on Tuesday, July 28, 2009,&quot; the RBI said in a release today.

First quarter review of Monetary Policy on July 28: RBI

Swiss banking secrecy is still the rule despite international pressure for greater transparency, Switzerland's President and Finance Minister Hans-Rodolf Merz said today in an interview.

Swiss banking secrecy still holds: President Merz

Keeping in the view of the current interest rate environment, IDBI Bank has reduced its benchmark prime lending rate (PLR) by 25 basis points. The PLR of IDBI Bank now stands at 12.75 per cent.

IDBI Bank lowers PLR to 12.75%

Enthused by a massive 54 per cent growth rate in its international loan book, the country's largest lender, State Bank of India, is planning to strengthen its presence in countries including the US and the UK which have strong India links.

SBI to increase presence in the USA, UK and UAE

State Bank of India (SBI) has appoint SS Ranjan as the new chief financial officer (CFO) of the bank.

NEWSALERT: SBI appoints SS Ranjan as CFO

Public sector Bank of Baroda is eyeing a total turnover of Rs 4.25 lakh crore in the current fiscal, bank's Chairman and Managing Director M D Mallya said here today.

Bank of Baroda eyeing Rs 4.25 lakh cr turnover this fiscal

The All India Regional Rural Bank Employees Association (AIRRBEA) wants the regional rural banks (RRBs) in the country to be de-linked from the sponsor banks.

RRBs want to be de-linked

After weathering the December quarter, when the liquidity crunch was at its peak, LIC Housing Finance recorded a healthy 37 per cent growth in net profit for 2008-09. RR Nair, director and chief executive, tells Sudeep Jain that the company has revised its growth target for the year.

'We are seeing a huge demand for home loans'

In a relief to farmers who had defaulted on loan repayments, the government and the Reserve Bank of India (RBI) have allowed banks to write-off loans even if only a part of the 75 per cent outstanding amount, as stipulated in last year&rsquo;s debt relief scheme, was repaid.

Banks allowed to write off farm loans not fully paid

Students from disadvantaged economic backgrounds will no longer face financial problems in pursuit of higher education as the government is set to launch an interest subsidy scheme on educational loans taken by them.

Govt floats interest subsidy scheme on educational loans

AEGON Religare Life Insurance is planning to infuse Rs 230 crore in the current financial year, taking its total capital base to Rs 350 crore.

AEGON Religare plans to infuse Rs 230 cr in FY10

Japan Bank for International Cooperation (JBIC), the international wing of the Japan Finance Corporation (JFC), a policy-based financing institution, is planning to pick up stake in Indian infrastructure projects.

JBIC eyes stake in Indian infrastructure projects

&ldquo;RBI Governor D Subbarao will release the first quarter review of Monetary Policy 2009-10 on July 28,&rdquo; the central bank said in a release today. The statement further said the review would be released at a meeting of the chief executives of major scheduled commercial banks on July 28 in RBI&rsquo;s central office in Mumbai.

Q1 review of Monetary Policy on July 28

Mutual funds (MFs) stepped up purchases of one-year certificates of deposit (CDs) today due to inflows in their liquid plus schemes, dealers said.

MFs buy 1-yr CDs on inflows in liquid plus scheme

The Reserve Bank of India may tighten prudential norms for banks to provide a cushion for financial soundness when the economy faces turbulent times.

RBI may tighten capital adequacy norms

The Indian rupee today appreciated by 11 paise against the US currency in early trade on capital inflows by foreign funds on expectation that the domestic markets may open strong, in tandem with other global bourses.

Rupee up 11 paise against $ in early trade

Public sector banks have been authorised to give more relief to farmers under the debt relief scheme, provided the lenders do not ask the Government to bear the losses.

RBI allows Banks to give more relief to farmers

The Reserve Bank of India (RBI) today assured that it would maintain ample liquidity in the system.

RBI to maintain ample liquidity : Thorat

Public sector Oriental Bank of Commerce (OBC) plans to open 113 branches across Tier II and Tier III cities in the current fiscal and scale up its total business size to Rs 2,00,000-crore by 2009-10 end.

OBC to open 113 branches; eyes Rs 2 lakh-cr biz in FY10

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