The life insurance joint venture floated by Bank of Baroda (BoB), Andhra Bank and Legal &amp; General of UK would be operationalised during the first quarter of the next financial year.

BoB life JV to be operationalised next fiscal

Press Trust of India

Bank of Maharashtra(BoM) has increased interest rates on its domestic term deposits by 0.25 per cent across select slabs with effect from today.

Bank of Maharashtra raises term deposit rates

Country's largest lender State Bank of India (SBI) today said it may increase home loan rates by up to 50 basis points in a fortnight.

SBI to increase home loan rates by 0.5% by July 15

IDBI Bank today raised its benchmark prime lending rate (BPLR) and interest rates on various maturity deposits by 0.5 per cent and 0.25-0.75 per cent respectively.

IDBI Bank hikes lending, deposit rates

State-owned Bank of India (BoI) today hiked its deposit rates by 0.25-0.6 per cent across various tenures with effect from July 2.

BoI hikes term deposit rates by 0.25-0.6%

Contrary to the government&#39;s earlier assertions, state-owned banks will take a hit of almost Rs 11,000 crore, or nearly 15 per cent of the revised countrywide loan waiver package of Rs 71,600 crore.

Banks to take Rs 11,000 crore hit in farm loan waiver scheme

Business Standard

The scheduled commercial banks, regional rural banks (RRBs) and cooperative credit institutions in Kerala have come out with the lists of eligible beneficiaries under the Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS-2008).

Kerala banks display debt waiver lists

The 10-year bonds fell, pushing yields to the highest in seven years, on concern that oil prices near a record high will quicken inflation.

Inflation blues bleed bonds

Bank of Baroda (BoB), which has slipped to the 5th position among the public sector banks in the country, is exploring options such as acquisitions to regain the 4th spot.

Bank of Baroda eyes 4th position

Citibank has doubled its post-tax profits from Indian operations to Rs 1,804 crore for the year ended March 2008, compared to Rs 900 crore in the previous financial year.

Citibank PAT doubles, provisions rise 65%

The Reserve Bank of India's monetary tightening measures is forcing banks to raise the interest rates for a second time.

HDFC Bank increases interest rates again

Reserve Bank of India Deputy Governor Rakesh Mohan said there has been no new development in the nation's financial system after the central bank increased its benchmark rate last week by the most since 2000.

No new changes after rate hike: RBI

Allahabad Bank today tied up with private life insurance company Tata AIG for providing mortgage term insurance facilities to housing loan customers of the bank.

Allahabad Bank ties up with Tata AIG

Investment banking giant Goldman Sachs has named housing loan major HDFC among world's seven best companies from the financial services space to sustain a competitive advantage in the long term, alongside global giants like Standard Chartered, HSBC and Morgan Stanley.

HDFC among world's 7 best firms: Goldman Sachs

State Bank today said it has launched a 'Cash Back' for its debit card holders across the country from July 1 to August 31.

State Bank launches 'Cash Back' offer

Indian Bank today revised its interest rates on FCNR (B) and NRE deposits with effect from July 1.

Indian Bank cuts FCNR, NRE deposit rates

Infrastructure Development Finance Company (IDFC) has proposed to form a holding company to bring four of its subsidiaries under it.

IDFC plans holding company for its subsidiaries

TVS Capital Funds and Shriram Group today jointly launched Rs 500 crore private equity fund, which will invest in mid-cap companies.

TVS Capital and Shriram launch Rs 500 cr PE fund

Private-sector lender, Bank of Rajasthan (BoR), today hiked its Benchmark prime lending rate by 0.5 per cent to 15 per cent with effect from July 1.

Bank of Rajasthan hikes lending, deposit rates

Syndicate Bank is waiving agriculture debt amounting to Rs 1,063 crore as part of the implementation of agricultural debt waiver and debt relief scheme 2008.

SyndBank to waive Rs 1,063 cr farm loan

The Reserve Bank of India (RBI) has said the 250-basis point spread between the repo and the reverse repo rates reflects a heightened level of uncertainty in financial markets.

Markets more uncertain now, says Reddy

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