For the fourth consecutive day, banks parked over Rs 1,00,000 crore with the Reserve Bank of India (RBI) through the reverse repo window, indicating that there was a surplus liquidity in the system.

Banks park over Rs 1 lakh cr via reverse repo

Business Standard

Bonds fell, reversing earlier gains, on speculation investors will demand higher yields at a debt sale this week, the third this month.

Yields likely to advance at third debt sale this month

State co-operative banks (SCBs) are likely to be burdened with higher non-performing assets (NPAs) for the financial years 2008-09 and 2009-10, with the recovery rate expected to be lowest among the rural banking institutions.

State co-op banks may end up with higher NPAs

Kolkata-based Allahabad bank is expecting more than 20 per cent growth in business for the financial year 2009-10. The bank was aiming to achieve a total business of Rs 1.75 lakh crore by March 2010, as against Rs 1.44 lakh crore in March 2009, said Chairman and Managing Director K R Kamath on the sidelines of a press conference in Kolkata today, where it was launching the retail sales of gold coins at the bank.

Allahabad Bank eyes 20% growth in FY10

The Indian rupee depreciated by 18 paise to 50.06 against the US currency in early trade today on raised concerns of fresh capital outflows by funds from the domestic bourses.

Rupee depreciates by 18 paise against $

Press Trust of India

India&rsquo;s largest lender State Bank of India today said that it is considering a cut in its Benchmark Prime Lending Rate (BPLR) in light of soft interest rate regime.

SBI considering cut in Prime Lending Rate

Bank&rsquo;s chairman says high-cost funds, lower credit demand putting pressure on NIM.

SBI mulls further cut in lending rate

Has sought government permission to issue Tier I capital this financial year.

SBI to raise Rs 20,000 crore

Plans to raise Rs 12,500 crore from the domestic market.

Exim seeks trade finance facility from IFC

Public sector IDBI Bank Chairman and Managing Director Yogesh Agarwal today supported the idea of consolidation in the Indian banking space saying the Union government should play a more pro-active role.

IDBI Bank keen on consolidation in banking space

Private life insurers have entered into their eighth year of operations in the country but they are yet to generate profits.

Eight yrs on, life insurers firms yet to break even

Future Generali, the joint venture between Italy-based Generali Group and the Biyani-led Future Group, has earned a new business premium income of Rs 345 crore from its life and non-life insurance operations in the last financial year.

Future Generali aims at 250% premium growth

India&rsquo;s largest private sector lender ICICI Bank is raising Rs 7,000 crore through a subordinated debt programme.

ICICI Bank to raise Rs 7k cr through debt

Indian restructured loans may jump as much as eight times as companies and lenders take advantage of a relaxation in central bank regulations, Bank of America- Merrill Lynch said.

Indian restructured loans may rise: BofA

In the Great Depression of the 1930s the US government had a great deal of trouble maintaining its commitment to economic stimulus. &quot;Pump-priming&quot; was talked about and tried, but not consistently. The Depression could have been mostly prevented, but wasn't. Ultimately, the reason for this policy failure was inadequate understanding of the relevant economic theory.

Depression lurks unless there&#39;s more stimulus

If SBI cuts rates further in a bid to push loan growth, its net interest margin may come under further pressure.

SBI: Not so interesting

Renuka Ramnath quits ICICI Venture; insurance arms may get new heads.

Top-level churn at ICICI subsidiaries

State Bank of India has agreed to lend Vodafone-Essar, the joint venture between UK&rsquo;s Vodafone and Essar, Rs 10,000 crore to finance the company&rsquo;s entry into 3G (third generation) telecom services and expansion of its broadband operations.

SBI to lend Vodafone Rs 10,000 cr

HSBC India chief Naina Lal Kidwai On Thursday said that the bank&rsquo;s consumer retail portfolio is likely to remain flat this year after growing by 15 per cent during the last financial year.

HSBC won&#39;t pursue consumer loans, NBFC

With financial markets being swamped by liquidity, banks and primary dealers are latching onto state government bonds, which offer better returns.

Banks, primary dealers lap up state government bonds for high returns

HSBC On Thursday announced the appointment of Naina Lal Kidwai as country head and group general manager of HSBC India. Before this, she was the group general manager and chief executive officer (CEO) at the bank.

Kidwai to head HSBC India

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