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

Press Trust of India

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

Business Standard

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

If the new government at the Centre is unable to draw fiscal policies and push ahead with reforms, it will exert pressure on the country&rsquo;s foreign currency credit rating, Moody&rsquo;s Investors Service has said in a report on India.

Fiscal reforms key to India ratings: Moody&#39;s

'Gross non-performing assets to touch 4.3 per cent by March 11'.

CARE pegs credit growth below 19%

As part of its initiative to make banking services available to the poor, the Orissa government has decided to launch an information, communication and technology (ICT) pilot project.

Orissa starts project to take banking to rural households

The number of debit card transactions increased by 48 per cent in financial year 2009, compared to an increase of 12.7 per cent for credit cards in the year. Similarly, debit card volumes grew by 44.6 per cent, whereas credit cards saw a volume growth of 13.7 per cent for the same period, says the Reserve Bank of India&rsquo;s data.

Consumers prefer debit cards in slowdown

India raised Rs 15,000 crore ($3.14 billion) by selling four bonds maturing between 2016 and 2035 at an auction, the central bank said.

Govt sells Rs 15,000 cr of bonds, as planned: RBI

Small Industries Development Bank of India (Sidbi) and private infrastructure development firm, IL&amp;FS, have jointly taken the initiative to impart training to financial accountants engaged in the local leather industry.

Sidbi to train accountants for leather industry

The Indian rupee today appreciated by nine paise against the $ in early trade, on the back of losses in the US unit against major currencies and hopes of an increased capital inflow by foreign funds as market may open higher.

Re up 9 paise against $ in early trade

Remittance service provider TimesofMoney plans to launch DirecPay &mdash; a product that enables merchants to facilitate online shopping across a spectrum of banks and credit cards.

TimesofMoney to launch DirecPay soon

Small and medium borrowers taking term-loans from the Delhi Financial Corporation(DFC) will now be eligible for working capital loans from Punjab National Bank(PNB).

PNB, DFC join hands to provide working capital to SMEs

The country's largest lender, State Bank of India, today said it will consider a cut in interest rates after the bankers' meeting with Finance Minister Pranab Mukherjee scheduled for early next month.

Rate cut after bankers meet with FM, says SBI

State Bank of India today launched a special product called Defence Salary Package (DSP) for Army personnel and aims to open about 12 lakh accounts under the scheme.

SBI launches Defence Salary Package for Army

The global rating agency Moody's may downgrade ratings of 13 Indian banks, including bigwigs such as SBI and ICICI Bank, as the agency would now assess the government's ability to support the banking sector on the basis of the impact of the economic and financial crisis.

Moody's may downgrade ratings of 13 banks

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