Expecting a large amount of restructuring in the loan portfolio dealing with small and medium enterprises, banks have approached the Reserve Bank of India with a proposal to extend the period during which they can start the process.

Banks seek more time for debt restructuring

Business Standard

The National Housing Bank (NHB) has disbursed nearly Rs 2,120 crore to housing finance companies (HFCs) out of the Rs 4,000-crore refinance facility provided by the Reserve Bank of India, Chairman and Managing Director S Sridhar said today.

Rs 2,120 cr disbursed to HFCs: NHB

The Reserve Bank of India (RBI) has estimated the total exposure of Indian banks and foreign lenders operating in India to Satyam Computers Services and its related companies at around Rs 8,000 crore.

Banks' exposure to Satyam at Rs 8,000 cr

Camden Fine&rsquo;s nightmare is a Bank of America or Citibank branch on every corner.

&#39;Failed&#39; Wall Street means biggest rules rewrite since 1930s

State-run IDBI Bank today said that it expects to sell its Pune-based home loan subsidiary IDBI Home Finance (IHFL) by the end of this month. The bank had earlier deferred its sale, citing requirement of more information about prospective buyers.

IDBI Bank hopes to sell IHFL by Feb

Press Trust of India

At a time when corporate India has seen its net profits shrink by 24 per cent, banks have reported a 43.83 per cent net profit growth in the quarter ended December 2008. The growth was mainly driven by gains from treasury operations on the back of falling yields, write-back of provisions and improved net interest incomes (NIIs).

PSU banks steal the show in Q3

The rupee moved up by two paise to 48.79/80 against the US $ in early trade today on mild selling of dollars from banks.

Re inches up vs $ in early trade

State-run Punjab National Bank (PNB) today said it would cut rates again if the rate of inflation eases further.

Rate cut if inflation comes down further: PNB

State-run Power Finance Corporation (PFC) is likely to miss loan disbursement target of Rs 19,300 crore in the current fiscal as it has coughed only Rs 13,162 crore so far.

PFC likely to miss loan disbursement target for this fiscal

Financial services major Deutsche Bank has reported a net loss of euro 4.8 billion ($6.17 billion) in the fourth quarter of 2008, following unprecedented economic conditions bringing up some weakness in its business model.

Deutsche Bank Q4 loss at $6.17 bn

Japanese Banking major, Nomura Holdings has launched its equity sales, trading and investment banking operations in India through its wholly-owned local subsidiary Nomura Financial Advisory and Securities.

Nomura launches equity, investment banking ops in India

The list of possible victims of an estimated $50-billion Madoff scam was made public today, which includes a number of big names such as Citi, HSBC, UBS and interestingly also Bernard Madoff himself along with his son Andrew and daughter-in-law Deborah.

Madoff trustees reveal names of possible victims

BoE given powers to spend up to $73 bn on bonds, commercial paper.

UK slashes interest rates to record low of 1 per cent

Goldman Sachs Group and Morgan Stanley, the two biggest securities firms before they converted into banks last year, will repay the $10 billion they each received from the US government as soon as possible, analyst David Trone said.

Goldman, Morgan to repay TARP money soon: Trone

The central bank has, however, not extended the deadline for completing the restructuring process. So, banks will have to complete the exercise by June this year.

RBI accepts banks&#39; plea, extends  debt restructuring deadline

Government bonds fell, pushing yields to the highest in almost two months, on speculation that investors are selling the securities to free up cash before a debt auction tomorrow.

Bond yields near  two-month high

The Saraswat Co-operative Bank Ltd (SCBL)-the largest multi-state co-op bank in the country, has decided to curtail 65 employees at its Nashik branches. The bank has said it has taken these steps due to inefficiency of these employees and to improve financial condition of its Nashik branches.

Saraswat Bank curtails 65 employees in Nashik

According to a Fitch report on Indian Structured Finance, rating actions taken up to January 31 showed that 36 PTCs have been downgraded following Fitch&rsquo;s downgrade of four corporate entities &ndash; DLF, Unitech, Sobha Developers and Shoppers Stop.

Real estate, NBFC sectors may see rating pressure

The National Bank for Agriculture and Rural Development (Nabard) today said that the recovery process has slowed down due to the debt waiver scheme.

'Debt waiver has affected recovery'

Punjab National Bank (PNB), India&rsquo;s second largest public sector bank, has implemented the Finacle Universal Banking Solution at all its 4,604 branches and extension counters on Sun infrastructure and the Oracle database, according to a release from the bank on Thursday. The solution has been rolled out across 100 per cent of PNB&rsquo;s branches in record time, the bank said.

Infosys completes Finacle implementation for PNB

Public sector banks (PSBs) are increasingly looking at promoter funding as a business opportunity when others are shying away from it.

Govt banks up promoter funding

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