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

Business Standard

Indian Bank is yet to see any slowdown in credit growth despite its recent decision to hike the benchmark prime lending rate by 75 basis points to 13.25 per cent, according to chairman and managing director MS Sundara Rajan.

Indian Bank yet to see slowdown in credit flow

The pressure from the finance ministry has forced public and private banks to increase the flow of education loans.

Banks step up education loan

India's largest private sector lender ICICI Bank is looking at possibilities of acquisitions in Britain, Canada or Germany to expand its overseas business.

ICICI mulling acquisitions abroad: NYT

Press Trust of India

Funds houses in the country are lapping up the opportunity presented by the slump in the market and have emerged net buyers in equities for the third month in a row in June, a latest report says.

MF lap up Rs 3,000 cr shares amid mkt meltdown

India companies is likely to witness a surge in private equity deals by the last quarter of current fiscal as inflation is likely to cool down and bulls are expected to be back in the stock market, as per PE deal tracker firm Venture Intelligence.

India Inc to witness rise in PE deals by Q4

UTI Mutual Fund has enhanced the features of UTI-Unit Linked Insurance Plan (UTI-ULIP) and introduced monthly systematic investment plan (SIP) under the scheme.

UTI MF enhances features of UTI-ULIP

Financial services provider Barclays today announced a 10 per cent cash back offer for all its debit card customers.

Barclays announces 10% cash back on debit cards

Chennai-based public sector bank, Indian Bank on Wednesday gave a dividend cheque to the Finance Minister P Chidambaram for Rs 35 crore on preferential shares.

Indian Bank gives dividend cheque to FM

Sidbi Venture Capital is planning to launch a Rs 1,000 crore fund focussed on small and medium enterprises.

Sidbi plans Rs 1,000-cr venture fund

West Bengal State Cooperative Bank (WBSCB) has approached National Bank for Agriculture and Rural Development for an additional allocation of Rs 730 crore to meet the incremental crop loan demand in the state.

Bengal bank taps Nabard for funds

India&#39;s largest private sector lender, ICICI Bank, is looking at possible acquisitions in Britain, Canada or Germany to expand its overseas business.

ICICI mulls overseas acquisitions

&nbsp;To hold on to stakes in ITC, Larsen &amp; Toubro. 
&nbsp;The Special Undertaking of UTI (SUUTI) is set to sell around 17 per cent out of its 27.11 per cent stake in Axis Bank through block deals on the stock market, but will hold on to its stake in L&amp;T and ITC, owing to concerns expressed by the two companies.

SUUTI to offload 17% in Axis Bank

Banking on its chain of hospitals and pharmacy outlets in the state, Apollo DKV Insurance Company Ltd.

Guj to form 10% revenue of Apollo DKV

The Reserve Bank of India and the Securities &amp; Exchange Board of India (Sebi) are close to finalising new data reporting norms to capture investment from sovereign wealth funds (SWF) in India.

New reporting norms for sovereign funds likely

Starting on an optimistic note to being engulfed by economic uncertainty has been tumultuous journey for banks in the April-June 2008.

Banks` first quarter profits to take a hit

Chennai-based public sector bank Indian Bank today increased its domestic term deposit rates which will come into effect from July 4.

Indian Bank increased term deposit interest rates

Tuticorin-based Tamilnad mercantile bank (TMB) has increased its interest rates for its long term domestic term deposits by 50 basis point for selected maturities.

TMB increase term deposit interest rates

Country's largest lender the State Bank of India today said even though there is an upward pressure on the interest rates it expects to register double digit growth in profit in the first quarter of this fiscal.

Double digit growth in profits in Apr-Jun: SBI

Rating agency ICRA has assigned a moderate credit-quality rating of LBBB- to the Rs 110.7 crore long-term debt and Rs 60.25 crore fund-based limits of Eveready Industries India Ltd (EIIL).

ICRA assigns LBBB-, A3 ratings to EIIL

Standard Chartered Private Bank, today said it has been named the "Global Best Private Bank" by Euromoney.

StanChart named 'Global Best Private Bank'

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