ICICI Bank Joint Managing Director Chanda Kochhar said today that the country&rsquo;s second largest lender has adequate rupee liquidity to tide over the current tightness in the market.

'We have enough liquidity to tide over the situation'

Business Standard

<P>The International Monetary Fund (IMF) will use a &#34rapid-fire&#34 emergency-loan programme to lend hundreds of billions of dollars to emerging markets as the credit squeeze threatens to hobble nations that until this year were weaning themselves off the fund&#39;s aid.

IMF to use emergency loan programme to tackle crisis

The rupee fell to a lifetime low of 49.26 against the US dollar in morning trade on Friday before recovering to close at 48.47 on intervention by the Reserve Bank of India and sale of the greenback by

Rupee touches lifetime low of 49.26, recovers

<P>General Electric Co profit declined for a third straight quarter, eroded by lower earnings at its finance arm during the deepest US financial crisis since the Great Depression.

Finance unit sharpens GE Q3 profit fall

India&rsquo;s foreign exchange reserves declined $7.8 billion, the highest in last two years to touch $ 283.941 billion at the week ended October 3, 2008. The fall was attributed mainly to the Reserve

Forex reserves dip $7.8 bn

While reiterating that the fundamentals of the Indian economy are sound, Reserve Bank of India Deputy Governor Rakesh Mohan today said domestic interest rates may harden due to the increased demand

Corporate demand could push interest rates up: Mohan

Faced with a tight monetary situation, the Reserve Bank of India (RBI) has sought data from the mutual funds on their debt investments.

RBI seeks investment data from MFs

Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled

Fannie, Freddie to buy $40 bn a month of troubled assets

Reserve Bank of India Governor D Subbarao said that Indian banks have some exposure to distressed financial instruments, but it was very small compared to the overall size of the

Indian banks have little exposure to distressed assets: RBI

Press Trust of India

Treasury Secretary Henry Paulson has said that the US government planned to invest directly in US banks to prevent them from failing, expanding the focus of the government's $700-billion rescue

US plans to inject capital into banks: Paulson

The Reserve Bank has approved the appointment of Amitabh Chaturvedi as Managing Director &amp; CEO of the Dhanalakshmi Bank.

RBI okays Amitabh Chaturvedi as MD of Dhanalakshmi Bank

General Electric Co is tightening lending standards worldwide to help reduce risks amid the global credit crunch, Chief Financial Officer Keith Sherin said.

GE finance arm tightens lending standards worldwide in crunch

Assuring depositors that their money was safe in banks, Reserve Bank of India Governor D Subbarao today said the Central bank was geared to inject more liquidity into the country&rsquo;s financial

RBI governor reassures depositors

It is mission damage control and ICICI Bank is pulling out all the stops.

ICICI Bank seeks to soothe nerves at Monday meeting

General Motors Corp is in preliminary talks with Cerberus Capital Management LP's Chrysler LLC about a possible merger or other partnership, a person familiar with the talks said.

GM talks merger with Chrysler as bankruptcy looms

Reserve Bank of India (RBI) governor D Subbarao has said that India may escape the worst consequences of the global financial crisis but warned of indirect impacts on capital flows, exports and higher

Direct impact of crisis limited: Subbarao

National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 155 crore for the construction of 16,500 poly houses across Himachal Pradesh, to enable crop cultivation even in

Nabard releases Rs 155 cr for HP poly houses

ICICI Bank on Sunday said it was conservative when it comes to growing its businesses and that its deposits and savings are showing an increasing trend.

We are not adventurous in giving loans: ICICI's Kochhar

A British resident or business is declared insolvent every five minutes or so, according to an advocacy group.

A bankruptcy every five minutes in Britain

MTM loss notional, small in relation to balance sheets, says RBI.

Indian banks have $1 bn exposure to five troubled institutions

The Reserve Bank of India (RBI) has said its inspection of ICICI Bank and its UK subsidiary has not revealed anything to cause alarm.

ICICI books fine, RBI inspection shows

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