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

Press Trust of India

Although lending is picking up, risk aversion is still showing with non-banking finance companies (NBFCs) seeking higher collateral while sanctioning loans.

NBFCs seek more collateral for loans

Business Standard

Karnataka Bank, the Mangalore-based private sector lender, is restructuring its loans worth Rs 300-350 crore that is under stress.

Karnataka Bank to restructure Rs 350 cr loans

Citigroup Inc., rescued by three U.S. government bailouts, may sell its Japanese retail brokerage to Sumitomo Mitsui Financial Group Inc., two people with knowledge of the matter said.

Citigroup may sell Nikko Cordial to Sumitomo Mitsui

The Indian rupee today depreciated by 18 paise to 49.98 against the US currency in early trade on increased month-end dollar demand from importers and expectations of capital outflows by funds.

Rupee down 18 paise against $ in early trade

Targeting the Rs 35,000-crore pension plan market, IDBI Fortis Life Insurance today announced the launch of its Retiresurance Pension Plan to help customers ensure comfortable paychecks for themselves post-retirement.

IDBI Fortis launches Retiresurance Pension Plan

Warning that the worst may not be over yet, Reserve Bank Governor D Subbarao has said the global economic recession may not only continue through 2009 but could prolong beyond that.

Global recession not to see bottom till year-end: RBI

RBI asks entities to comply in three months.

Pre-paid card issuers need Rs 1-crore paid-up capital

The Bombay High Court on Monday struck down the circular issued by the Reserve Bank of India (RBI) withdrawing pension updation benefits for its employees. The judgment was passed while hearing a petition filed by a retired RBI employee in the Bombay HC.

RBI move on updated pension benefits quashed

US banks that received results of their federal stress tests last week were given three options if they need additional capital to withstand the recession. The reality is they may only have one.

Stress tests may force banks to convert TARP stock

The merger of the two Kerala-based private sector banks, Federal Bank and Catholic Syrian Bank (CSB), has now entered the final lap.

Federal-Catholic Syrian Bank merger in final lap

Chennai-based Indian Bank has reported a 63.06 per cent increase in its fourth quarter net profit at Rs 394.07 crore as against Rs 241.67 crore recorded in the year-ago period.

Indian Bank Q4 profit rises 63% to Rs 394 cr

Driven by India and China, the emerging Asian economies no longer witness a slump, UK financial services major Barclays said today.

India, China lead Asian recovery: Barclays

Backed by an improvement in interest margins, State-run Bank of Baroda has posted a 172.3 per cent rise in its fourth quarter net profit at Rs 752.69 crore as against Rs 276.44 crore in the year-ago period.

BoB net zooms 172% in Q4 to Rs 752.7 cr

The country's largest private lender, ICICI Bank, whose ownership status may alter because of the new FDI guidelines, today said it is awaiting a clear stance on the policy from the government.

ICICI Bank seeks clarity on new FDI policy

The country's second-largest public sector lender, Punjab National Bank, today said it may reduce its lending and deposit rates by up to 100 basis points.

PNB may cut lending, deposit rates by 50-100 bps

Private sector banks like ICICI Bank, HDFC Bank and Vysya Bank may be kept outside the purview of the new FDI guidelines, with the Government addressing the RBI's concerns on the change of their status from 'resident' to 'foreign' if the norms are implemented.

Private banks may be exempted from new FDI guidelines

Public sector lender Vijaya Bank today said its net profit surged five fold to Rs 102.25 crore in the fourth quarter ended March 31, 2009 over the same period last year.

Vijaya Bank Q4 net jump five fold at Rs 102 cr

State Bank of India (SBI), the country's largest lender, today said that it has lowered interest rates on education loans by up to 250 basis points, for a limited period.

SBI cuts interest on education loans by up to 2.5%

Providing relief to exporters hit by shrinking global demand, the Reserve Bank of India (RBI) today extended the concessional interest rate scheme by six months till October this year.

RBI extends concessional credit to exporters

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