Venture-capital investment in so-called green technology companies dropped 48 per cent in the first quarter as the recession spread to an industry that had been the fastest growing sector for startups.

VC investment in clean tech firms drops 48% in Q1

Business Standard

India&rsquo;s largest private sector lender ICICI Bank has repurchased and extinguished bonds worth $90 million. The bonds were issued by its Bahrain branch.

ICICI Bank repurchases bonds worth $90 million

The ongoing recession has encouraged Indian consumers to use debit cards more than credit cards. At least this is what becomes obvious if one goes by the findings of a study conducted by transaction processing and knowledge management company Venture Infotek.

Indians prefer debit cards over credit cards: Study

Taxpayers will not have to pay the levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from on Wednesday.

Banking cash transaction tax abolished

Press Trust of India

Having notched up record disbursements, Small Industries Development Bank of India (Sidbi) is now turning its attention to revving up action in the distressed assets market.

Sidbi wants to rev up distressed assets market

The officers of Five associate banks of SBI - State Bank of Hyderabad, Mysore, Travancore, Patiala and Bikaner and Jaipur will go on a two-day strike on April 11 and 13.
The strike is to oppose the discriminatory treatment to the officers of associate banks by the management of State Bank of India deviating for well-established practices and bilateral understandings in the matter of extending fringe benefits among others, Harsha Vardhan Madabhushi, general secretary, Associate Banks' Officers

SBI associate banks to go on two-day strike

The US Justice Department has launched about 100 criminal investigations into major American investors of Swiss banking giant UBS, The New York Times said.

US to grill UBS, investors on tax scam: report

In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with Canara Bank for financing its range of passenger vehicles.

Tata Motors ties up with Canara Bank for car loans

Reinsurance major Swiss Re will be cutting over 1,100 jobs or about 10 per cent of its global workforce, as part of cost saving efforts.

Swiss Re to slash over 1,100 jobs

Country's second largest state-owned lender Punjab National Bank (PNB) today said that there is more scope for cut in lending rates.

More scope of cut in lending rates, says PNB chief

Leading private-sector lender, Axis Bank today reduced its benchmark prime lending rate (PLR) by 0.5 per cent with immediate effect.

Axis, Bank of Rajasthan cut lending rates

However, the cut has been lower than expected, amid the economies in the region battling a ravaging financial turmoil. Interest rates have been cut from 1.50 per cent.

ECB lowers interest rates to 1.25%

This is the last of a four-part series on how to strike the best deals in auto and home loans, fixed deposits and insurance products with assured returns.

Go beyond FDs, banks have much more on offer

With the hardening of yields becoming an issue in recent times, the Reserve Bank of India (RBI) has removed the restriction on Primary Dealers (PDs) to fix the coupon rate for Tier II and Tier III bonds.

RBI lifts cap on PDs fixing coupon on debt capital

Distributors of the Tata Motors&rsquo; fixed deposit (FD) scheme are now wooing the unsuccessful applicants of Tata Capital&rsquo;s non-convertible debenture (NCD) issue.

Tata Motors' distributors woo NCD applicants for FD scheme

European Central Bank President Jean-Claude Trichet said policy makers are ready to lower their benchmark interest rate further, while the deposit rate has probably reached its floor.

ECB cuts key rate by 25bps, sees room for more reduction

The West Bengal government has urged the Union government to include power projects in the Rural Infrastructure Development Fund (RIDF) under National Bank for Agriculture and Rural Development (Nabard).

Bengal taps Nabard for more funds

Using third-party automated teller machines (ATMs) may be free now, but withdrawing cash from these machines has not been easy in many parts of the country.

ATMs blocked as consumers cash in on fee relief

But lenders say it&rsquo;s difficult to lower deposit and lending rates significantly.

Govt asks state-run banks to cut rates

Axis Bank, the country&rsquo;s third-largest private sector lender, and Bank of Rajasthan, an old-generation lender, today announced reductions in lending rates.

Private banks start lowering lending rates

It&rsquo;s going to be a four-day weekend for the officers of five associate banks of SBI &ndash; State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Bikaner and Jaipur.

SBI unions show how to make the most of strikes

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