Premium collections grow 14% in April-May 
The non-life insurance industry is showing the first signs of stabilising since the sector was detariffed in January last year.

General insurance shows signs of stability

Business Standard

The liquidity-constrained money markets will have to wait till at least early August for the first instalment of Rs 25,000 crore from the government under the farm loan waiver scheme.

Loan waiver to take effect only in early August

Union Bank of India has deferred the sale of non-performing assets (NPAs) as additional time has been sought by the prospective bidders to participate in the process.

Union Bank defers sale of bad debt

Four senior executives of ABN Amro India have quit to join Hindujas-promoted IndusInd Bank.

4 senior ABN execs quit to join IndusInd

Chief Minister B S Yeddyurappa has promised to revive the Karnataka Central Co-operative Bank.

CM promises to revive co-operative bank

State-run UCO Bank today said it would raise about Rs 825 crore from the market during the year to fund its business growth.

UCO Bank to raise Rs 825 cr via FPO, bonds

Press Trust of India

HSBC today launched a product for small businesses in the country- "HSBC Direct for business".

HSBC India launches 'HSBC Direct for business'

&nbsp;High interest rates do not necessarily result in defaults by borrowers. Default is linked to the attitude of the person, HSBC Bank CEO and Country Head for India Naina Lal Kidwai said here today.

High interest rates no reason for defaults: Kidwai

Ahead of the Reserve Bank's quarterly review of its monetary policy scheduled later this month, top bankers today met a Reserve Bank apex body to discuss the present macro-economic situations.

Bankers meet RBI prior to quarterly policy review

The total loan disbursed by commercial banks through the self help groups (SHGs) in Tamil Nadu increased 18 per cent to Rs 1,302.41 crore in 2007-08 from Rs 1,098.44 crore under the micro finance sector, according to the National Bank For Agriculture And Rural Development (Nabard).

Banks disburse Rs 1302 cr through SHGs in Tamil Nadu

Risk-averse investors hit hard; experts say value erosion is difficult to believe.

Returns from short-term bond funds enter negative territory

Faced with the tough business environment following high inflation, top bankers on Tuesday conveyed their concerns to Reserve Bank of India on prospective margin pressures and rise in bad loans.

Bankers fear rise in bad debt, pressure on margins

The finance ministry and Planning Commission are scheduled to meet this week to decide on a loan waiver scheme for weavers, according to minister for textiles Shankarsinh Vaghela.

Decision on loan waiver for weavers this week: Vaghela

Reserve Bank of India today asked banks to explore using the self help group (SHG) model for lending to over 31 million small and micro units to ensure easy access to funds and low default rates.

RBI pushes SHG model for lending to small units

Bangalore-based public sector Canara Bank has obtained licence from China Banking Regulatory Commission for converting its representative office into a full-fledged branch in Shanghai.

Canara Bank gets nod for China branch

Ahead of the RBI's monetary policy in end July, Indian Banks Association has made a strong case to the apex bank not to go for yet another round of belt-tightening measures like rate hikes to check the runaway inflation.

IBA fears further rate hikes may hit banks'

HSBC Global Banking and Markets, today announced the appointment of Hitendra Dave as its Head of Global Markets, India, with immediate effect.

Hitendra Dave is the new Global Mkt Head, HSBC

Asset management company ICICI Prudential AMC today launched an equity fund aimed at maximising long-term capital appreciation while investing in banking and financial services firm.

ICICI Prudential AMC launches equity fund

Private sector insurer MetLife India Insurance today announced the launch of MIVRA, a technology platform which would help customers to obtain information about their insurance plan and other details round the clock.

MetLife  launches MIVRA

Private-sector lender Development Credit Bank has increased its benchmark prime lending rate by 0.75 per cent hike in line with other banks following tight monetary policy of the Reserve bank of India.

Development Credit Bank hikes BPLR by 0.75%

Aviva, the UK-based insurer may drop plans of absorbing the outsourcing operations from its existing vendors, including WNS Global Services, EXL Services and 24x7 Services, sources who declined to be identified said.

Aviva may not absorb vendors` operations

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