Public sector lender Dena Bank raised Rs 125 crore through Tier-I capital funds as perpetual bonds. The bank intends to use the fund to enhance long term resources to meet its future capital adequacy ratio requirements. At present, CAR of the lender is at 12.07 per cent.

Dena Bank raises Rs 125 cr via Tier-I capital

Business Standard

Public sector Bank of Maharashtra today said it is planning to open about 100 branches across the country, of which 12 branches would be opened in Rajasthan.

Bank of Maharashtra to open 100 branches

Press Trust of India

Employees of state-owned banks have threatened to go on a one-day nationwide strike on June 12, to press their demands including another option for pension scheme for bank staff.

Bank employees to go on nationwide strike on June 12

The number of &quot;problem&quot; banks in the US shot has up to 305 in the first quarter of this year, the most in 15 years, indicating that the country's financial system continues to experience the tremors of the economic turmoil.

Q1 sees 305 'problem' US banks; most in 15 yrs

Umbilical cord blood stem cell bank Cryobanks International India is eyeing a growth of 70 per cent in terms of customer base this fiscal.

Cryobanks targets 70 pc growth

After extending its presence to the major cities of the state, Cryobanks International India, an umbilical cord blood stem cell banking company is set to enter smaller towns of Gujarat. The move comes after the company has received 2500 stem cells enrollments from Gujarat till date.

Cryobanks sees 2500 stem cells  from Guj

Private players say their cost of funds has to come down first.

Govt banks say room for rate cut

Share Microfin, a regulated microfinance institution, is looking to raise close to Rs 250 crore through the private equity route. The Hyderabad-based company started in 1989 and having close to 2 million clients spread over 16 states in India, has made a total disbursement of Rs 5,100 crore with an outstanding portfolio of Rs 1,100 crore. According to recent statements from the company it has plans to reach out to more than 15 million clients in 20 states with a total disbursement of Rs 39,610 crore in the next four years.

Share Microfin set to raise Rs 250 crore through PE route

With international sources of long-term funds turning into a trickle, Indian companies are increasingly tapping export credit agencies (ECAs) for raising resources for projects and importing equipment and capital goods.

Indian companies seek more assistance from ECAs

Mangalore-based public sector lender, Corporation Bank, has signed agreements with Prizm Payments Services Pvt Ltd and MRL Posnet Pvt Ltd for an end-to-end POS deployment engagement.

CorpBank signs pact with Prizm, MRL Posnet

A high level committee of the Reserve Bank of India (RBI) has expressed dissatisfaction over the &ldquo;poor&rdquo; participation of private banks for promoting banking services and financial literacy as such activities are being undertaken largely by public sector banks.

Poor presence of private banks in LBS: RBI panel

Kolkata-based state-owned lender Uco Bank has put on hold its plans for a follow-on-public issue (FPO) to raise around Rs 450-crore.

Uco Bank puts follow-on issue on hold

Public sector lender Corporation Bank is planning to raise around Rs 1,000 crore in the current financial year and is also aiming for a credit and deposit growth of 22 to 25 per cent over this period.

Corp Bank to raise Rs 1,000 cr in FY10

The Indian rupee depreciated 36 paise against the $ in early trade today on anticipation of capital outflows as the stock markets may open down following weak Asian markets and month-end $ demand from importers and refiners.

Re weakens 36 paise against $ in early trade

Karur-based Karur Vysya Bank (KVB) has reported a net profit of 18 per cent to Rs 83.82 crore during the quarter ended March 31, 2009 as compared to Rs 70.54 crore, a year ago.

KVB Q4 net up 18% at Rs 83.82 cr

Public sector Corporation Bank has proposed to issue upper Tier-II bonds for Rs 500 crore on private placement basis.

Corporation Bank to raise Rs 500 cr via Tier-II bonds

State Bank of Mysore (SBM) has donated a food distribution vehicle to the Akshaya Patra Foundation, a Bangalore-based non-for-profit organization that provides free meals to over one million students everyday.

SBM donates vehicle for Akshaya Patra food delivery

Around 800,000 employees of public sector banks are planning to strike work on June 12. The strike has been called by the United Forum of Bank Unions (UFBU) over wage revision and pension issues.

Govt bank staff plan to strike work on June 12

Troubled financial services firm Citigroup, which was bailed out by the US government last year, has ruled out selling its stakes in Indian and Chinese banks, says a media report.

Citi rules out selling stakes in Indian, Chinese banks: Report

Dewan Housing Finance Corporation (DHFL) is planning to issue non-convertible debentures (NCDs) worth up to Rs 1,000 crore in July to meet its credit disbursal targets for the current financial year.

Dewan Housing to raise Rs 1,000 crore in July

The clauses on corporate debt restructuring (CDR) are being reworked in view of the huge foreign exchange exposure of several companies, which have already opted for restructuring debt or are on their way to seeking approval for one.

Banks rework CDR terms

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