In sync with the steep fall in equity markets, the Indian rupee also slid to quote at 50.59/60, down 55 paise, against the greenback in late morning deals.

Rupee dips 55 paise vs $ in sync with stocks

Press Trust of India

West Bengal-based Bandhan, one of the largest micro-finance institution (MFI) in the non-banking finance company (NBFC) space, is planning to raise Rs 600 crore in the fiscal 2009-10, by selling agriculture loan to banks and debt.

MFI Bandhan to raise Rs 600 cr in FY10

Business Standard

Bankers today expressed fears that non-performing assets (NPA) are likely to go up and credit growth may moderate in 2009-10 in the face of the global financial meltdown.

No lending rate cut till deposit costs fall: banks

Standard Chartered today said it has expressed interest in acquiring Asian business of Royal Bank of Scotland (RBS).

Standard Chartered still in race for RBS Asian biz

Swiss private bankers are likely to reduce their exposure to wealthy Indian clients as they cut down their discreet banking services in countries like Germany, France and the United States, analysts say.

Swiss banks curtail services to wealthy clients

State Bank of India, Visakhapatnam, registered a 79 per cent growth in net profit during the financial year 2008-09 to Rs 277 crore, compared with Rs 155 crore in the preceding year.

SBI-Vizag net up 79% in '09

Public sector banks (PSBs) may have to deal with higher provisioning on a total outstanding amount of around Rs 25,000 crore under the farmers&rsquo; debt relief scheme.

Govt banks may have to provide for Rs 25,000 cr in pending farm loans

When banks were falling like ninepins in the US, India was not far behind with two lenders going belly-up for every five in the world&rsquo;s largest economy during the financial year 2008-09. As many as 19 Indian co-operative banks collapsed for the 12 months ended March 2009, as against 44 American entities.

For every 5 US bank failures, 2 Indian co-op banks collapsed

The West Bengal-based Bandhan, one of the largest micro-finance institutions (MFIs) in the non-banking financial company space, is planning to raise Rs 600 crore in the financial year 2009-10 by selling agricultural loans to banks.

Bandhan to raise Rs 600 cr in FY10

Bankers On Wednesday told the Reserve Bank of India (RBI) that it will be difficult to make significant cuts in lending rates for about six months &ndash; the time required by them to shed high-cost deposits.

Rates to remain sticky for 6 months: Bankers tell RBI

Reserve Bank of India Governor D Subbarao told bankers On Wednesday that though inflation, as measured by the Wholesale Price Index (WPI), has dipped sharply, there is no possibility of a deflation.

There won&#39;t be any deflation, says Subbarao

Despite banks disbursing nearly Rs 79,500 crore during the second half of March, credit growth slowed down to 17.27 per cent during 2008-09, as against 21.60 per cent in the previous financial year.

Credit growth slowest in five years

Private equity (PE) investments into India for the quarter ended March 2009 has dropped&nbsp;by a whopping 87 per cent to $526 million as against $3.9 billion a year ago, according to a Venture Intelligence report.

PE investments decline 87% to $526 million

Despite the global financial meltdown which is forcing firms to take a relook on their budget outlay, Indian CIOs are open to increase their spend on information management to interface with customers and increase customer loyalty.

Data deluge will pressure firms to up spend on security

Standard Chartered Bank has decided to go slow in disbursing unsecured loans to small and medium enterprises (SMEs), after witnessing a rise of about 40 per cent in non-performing assets (NPAs) in the unsecured SME loan portfolio in the last six months.

StanChart to go slow on unsecured loans to SMEs

JP Morgan Chase, Goldman Sachs and the eight other banks that have dominated the credit-default swaps (CDS) market for a decade are now ceding some power to their clients as regulators push for transparency.

'Big bang' in CDS mart loosens dealers&#39; grip

The heydays for investment bankers are certainly over for now. With the economic slowdown engulfing corporates globally and causing a substantial decrease in fund-raising activity, investment bankers have seen their fees from this segment shrink by 64 per cent in the first quarter of calendar year 2009, from what they had earned in the same period last year.

I-bankers see 64% drop in Jan-Mar fees

The Indian rupee today pared its early gains and fell to 50.02/03 a dollar in late morning deals due to volatile stock markets.

Rupee recovers by 16 paise in late morning trade

A&nbsp;day after the Reserve Bank of India (RBI) Governor's meeting with bank chiefs, public sector lenders State Bank of India (SBI) and IDBI Bank have cut rates.

SBI, IDBI Bank cut rates

The bank clocked a 29 per cent growth in loan disbursements over FY 2007-08, when it disbursed Rs 38,660 crore, a bank release said here.

Nabard loan disbursements up 29% at 49,952 cr

US Federal Reserve officials are conducting an internal review of bank supervision aimed at improving regulators&rsquo; response to stress in the financial system, according to people familiar with the process.

Fed task force seeks to improve response to bank distress

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