Citigroup&rsquo;s India-born chief Vikram Pandit has found a place among the 20 worst-ever CEOs in American history, but the top honours have gone to bankrupt Lehman Brothers&rsquo; Dick Fuld.

Citi&#8217s Pandit among 20 worst CEOs; Ford is best-ever: Survey

Press Trust of India

The Indian Banks&rsquo; Association (IBA) has asked all banks to take a clearance from the Central Bureau of Investigation (CBI) before allowing one-time settlement of bad loans, and not to drop criminal charges pertaining to the recovery of dues.

CBI clearance mandatory for one-time settlement

Business Standard

European banking major, BNP Paribas, said today that it would take a decision on the integration of Fortis&rsquo; Indian operations with itself once the latter&rsquo;s shareholders approve the acquisition.

BNP to decide on Fortis after shareholders&#39; approval

The momentum may be slowing but that&rsquo;s the right approach in a challenging credit environment.

HDFC Bank: Slow and steady

Refraining from directly appointing statutory auditors, insurance regulator Irda has retained the practice of prescribing eligibility criteria for appointment of auditors by insurers.

Irda not to have panel of auditors

Wants one-time settlement from UP Financial Corporation.

Sidbi in talks with UP govt to recover Rs 375 cr dues

Extending its gains for the third straight day, the Indian rupee today appreciated by seven paise to 49.85 against the US currency in early trade owing to increased capital inflows by foreign funds on expectations that the domestic bourses may open in the positive zone, tracking other Asian equity markets.

Rupee up 7 paise against $ in early trade

The Indian rupee today eased by five paise against the American currency to 49.97/98 in morning trade on the back of mild demand from banks on behalf of oil companies.

UPDATE: Rupee eases by 5 paise against $ in morning trade

Japanese financial services major Nomura Holdings today saw its net loss widen to 709 billion yen (about $7.22 billion) for the year ended March 31, as acquisition costs of Lehman Brothers and writedowns weighed heavily on the company's bottomline.

Nomura's full-year loss touches $ 7.2 bn

SBI's largest subsidiary State Bank of Bikaner and Jaipur today said it aims to clock business growth of 65 per cent in the current fiscal, taking the total business to Rs 85,612 crore.

SBBJ expects business growth of 65% during current fiscal

IDBI Bank has posted a 28 per cent rise in its net profit at Rs 313.4 crore for the fourth quarter ended March 31, 2009, as against Rs 245 crore in the previous corresponding period.

IDBI Bank Q4 net up 28%; FY09 net up 17.7%

Public sector lender Corporation Bank today reported a 26.7 per cent increase in its fourth quarter net profit to Rs 260.49 crore driven by the 105.6 per cent jump in non-interest income.

Corp Bank posts 27% rise in net at Rs 260cr

PNB Gilts, a subsidiary of Punjab National Bank, today announced that its net loss has widened to Rs 51.55 crore in the fourth quarter ended March 31, 2009, from Rs 6 crore in the year-ago period.

PNB Gilts Q4 net loss widens to Rs 51.55 cr

Failed attempt to acquire stake in Kolhapur-based bank seen as trigger.

RBI checks for surrogate holding in banks

Bank credit witnessed a moderate growth of Rs 1,429 crore in the first fortnight of the current financial year as banks were busy closing their balance sheet.

Banks credit up 18.8%, demand rises 22.13%

&ldquo;I am not sure whether we will increase it (headcount) this year,&rdquo; HSBC Holdings Group Chairman Stephen K Green said when asked whether the global banking major was planning to raise its headcount in the country.

HSBC unlikely to raise headcount

ICICI Bank, the country&rsquo;s second largest bank, today said that its consolidated net profit rose 17.66 per cent to Rs 748.44 crore during the quarter-ended March 2009 as its expenses fell more than the decrease in income.

ICICI Bank clocks 17.66% rise in net

Following weeks of speculation, India&rsquo;s largest private sector lender, ICICI Bank, today unveiled its new management team drawing upon its own talent pool.

ICICI Bank digs into own pool for new leaders

India's largest lender, State Bank of India (SBI), is planning to slash lending rates for education loans by 0.25 per cent as early as this week. SBI plans to announce the rate cut early this week, enabling students who take loans from May 1 to September 30, avail the benefit of reduced rates, an SBI official said.

SBI mulls reduction in education loan rates by 0.25%

The Reserve Bank of India (RBI) will soon come out with guidelines permitting banks and qualified non-banking entities to issue prepaid instruments like mobile vouchers and wallets that can be used to purchase goods and withdraw cash from ATMs.

RBI to come out with norms for issuing prepaid mobile vouchers

To save on interest cost, the Government is likely to release in a couple of months Rs 5,000 crore to banks as reimbursement for their farm debt waiver.

Govt likely to give Rs 5,000 cr to banks for farm debt waiver

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Citi’s Pandit among 20 worst CEOs; Ford is best-ever: Survey