Tiruvananthapuram-headquartered State Bank of Travancore (SBT) is eyeing a business of Rs 100,000 crore by March 2010, an increase of 38 per cent from the current total business. Retail deposits and advances would lead the bank&rsquo;s growth, according to bank&rsquo;s senior official.

State Bank of Travancore eyes 42% growth in advances

Business Standard

Max New York to train 10,000 IGNOU students

Threats of rating downgrade put pressure on currency.

Rupee hits new low as foreign funds pull out

To float own ventures; Vice Chairman Alok Vajpeyi will put in his papers soon.

Dawnay Day top management quits

National reinsurer General Insurance Corporation (GIC) has expanded its global footprint, aided by the financial crisis which has hit existing international reinsurance companies hard.

GIC steps up global ops, records more business

Thiruvananthapuram-headquartered State Bank of Travancore (SBT) has set a target of Rs 100,000 crore business by March 2010 on the back of retail deposits and advances.

SBT eyes Rs 1 lakh cr business

After losing for six days in a row, the Indian rupee today appreciated by 19 paise against the greenback in early trade on dollar selling at existing higher levels and as other major currencies strengthened against the $.

Rupee up 19 paise against $ in early trade

Press Trust of India

The finance ministry has appointed S Sridhar as the chairman and managing director. of Central Bank of India (CBI).

S Sridhar appointed CMD of Central Bank of India

Private sector lender Yes Bank today said that it has raised Rs 154 crore of perpetual Tier-I capital through private placement of bonds.

Yes Bank raises Rs 154 cr via bond issue

The Indian rupee will bounce from its record low levle of close to Rs 52 against the greenback and will gain about 10 per cent in 12 months once overseas borrowings resume, Goldman Sachs has said.

Goldman Sachs sees rupee rising 10% in 12 mths

Oriental Bank of Commerce (OBC) is rescheduling advances worth Rs 1,082 crore to curtail its non-performing asset, which at present is 0.76 per cent, the bank's CMD Alok K Misra said today.

OBC reschedules Rs 1,082-cr advances to reduce NPA

The rupee breached the 52-mark against the dollar for the first time on continued pressure from overseas investors who are offloading domestic securities.

Rupee declines to record low of 52.18

Weathering the financial storm, British banking major Standard Chartered has posted a 19 per cent rise in annual pre-tax profits at $3.29 billion, bolstered by strong growth in emerging markets including India.

StanChart profits up 19% in '08; strong growth in India

The Oriental Bank of Commerce (OBC) has rescheduled advances to the tune of Rs 1,082 crore to avoid non-performing assets (NPA), which at present is 0.76 per cent, the bank&rsquo;s CMD Alok K Misra said today.

Oriental Bank reschedules loans worth Rs 1,082 cr

Federal Reserve Chairman Ben S Bernanke said policy makers may need to expand aid to the banking system beyond the $700 billion already approved and take other aggressive measures even at the cost of soaring fiscal deficits.

US may need to expand bank rescue: Bernanke

Bonds fell for the first time in four days on speculation investors will demand higher yields as government debt sales increase.

Bonds drop for first time in four days

Trade volumes in the secondary market rose as mutual funds preferred to remain cautious and deploy limited funds in the shorter tenure papers, dealers said.

MFs buy short-term paper

The government is likely to borrow about Rs 2.2 lakh crore in the first half of the next financial year, a senior finance ministry official said today.

Govt likely to borrow Rs 2.2 lakh cr in April-Sept

Taking benefit of falling interest rates, automobile companies, which have been hit hard by a severe slump in demand in the last six to seven months, are forging alliances with public sector banks (PSBs) to arrange for cheaper finance to push sales.

Car companies tie up with govt banks to boost sales

Standard Chartered Bank India today said that its operating profit increased 37 per cent to $943 million (Rs 4,914 crore) in 2008 despite a rise in provisions for impaired assets.

StanChart India sees 37% surge in profit despite rising NPAs...

Standard Chartered Bank has joined the race for acquiring Royal Bank of Scotland&rsquo;s retail and commercial banking business, which has been put on sale as part of the global restructuring plans announced by the Edinburg-based bank.

StanChart india in race to buy RBS retail banking business

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