&nbsp;Repo rate hiked 25 basis points to 8 per cent. 
&nbsp;Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent.

Interest rates set to go up soon

Business Standard

The non-performing assets of State Bank of India (SBI) are expected to decline by over Rs 2000 crore by the end of June this year, according to chairman, OP Bhatt.

SBI expects NPAs to dip Rs 2,000 cr by June-end

The general insurance sector is expected to grow at around 18 per cent this year, a senior insurance industry official said.

General insurance industry to grow 18%

Press Trust of India

On the directions of the Supreme Court, the Sahara India Financial Corporation (SIFC) will again present its case to the Reserve Bank of India (RBI) to be allowed to raise public deposits.

RBI, Sahara meet on deposit ban today

Chennai-based public sector lender Indian Bank plans to set up 100 new branches in the current financial year, of which 15 will be dedicated to micro lending.

Indian Bank to open 100 branches

Indian Overseas Bank (IOB) will be waiving off Rs 950 crore debt of small and marginal farmers across the country, of which Karnataka accounts for a little over 25 per cent at Rs 256.14 crore.

IOB to waive Rs 256 crore

&nbsp;Enters into an agreement with the Indian Industries Association. 
&nbsp;The new age Yes Bank is targeting Small and Medium Enterprises (SMEs) in Uttar Pradesh for meeting their working capital needs and growth plans.

Yes Bank targets SMEs in UP

State-owned Indian Bank today said it has identified Small and Medium Enterprises, retail and agriculture portfolios as key growth drivers for the year with an equal focus attached to its micro-finance business as well.

Indian Bank to focus more on micro-lending

Karnataka Bank plans to raise upto Rs 500 crore through the Qualified Institutional Buyers (QIB).

Karnataka Bank to raise share capital to Rs 200 cr

Central Bank of India today said it has fully geared-up for implementing the agricultural debt waiver and relief scheme announced in the Budget 2008.

Central Bank ready to implement farm debt waiver

Banks led by State Bank of India (SBI), the country's largest lender, said they may have to raise lending rates after the Reserve Bank of India raised the repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent as part of a fresh effort to tackle inflation.

SBI to decide on interest rates today

The new chairman of the Insurance Regulatory and Development Authority (Irda), Jandhyala Harinarayan, said he wanted the regulatory body to be "rigorous, even-handed and proactive, particularly in the interests of customers.

Irda chief speaks up for consumers

The wait for rolling out mobile banking seems to be over, with the Reserve Bank of India's (RBI) issuing draft operative norms for such payment system.

RBI sets m-banking norms

The board of directors of non-banking finance company IFCI today decided to initiate the process to allow Life Insurance Corporation to pare its stake from 11.35 per cent to 8.39 per cent.

LIC to pare stake in IFCI

India needs to open its financial market further to foreign institutions and banks to improve the reach of banking services, especially in rural areas, and spur economic growth, Standard Chartered Capital Market Vice-Chairman Thomas Harris said today.

Bankers bat for further opening up to step up growth rate

Bajaj Allianz Life Insurance (BALI), a joint venture between Bajaj Auto and Allianz SE, on Thursday said it will infuse up to Rs 500 crore capital this year and hopes to sell 4.5 million policies.

Bajaj Allianz to infuse Rs 500-cr capital

The repo rate hike by the Reserve Bank of India on Wednesday has pushed up the interest rates sharply in the interbank market.

Repo increase pushes up inter-bank rates

&nbsp;Bankex ends positive on short-covering. 
&nbsp;Reacting to a hike in the repo rate or the rate at which the Reserve Bank of India lends money to banks, banking stocks fell by nearly 4 per cent in the first hour of trade as investors went short on the banking counters.

Banking stocks feel repo heat

Jammu and Kashmir Bank has become the first bank to raise the prime lending rate (PLR) from 13 per cent to 14 per cent following an announcement by the Reserve Bank of India on Wednesday to increase the repo rate or a rate at which central bank lends to banks by 25 basis points.

Jammu and Kashmir Bank raises prime lending rate

Saraswat Bank said it will acquire three cooperative banks in this financial year taking the total number of its acquisitions to eight.

Saraswat Bank to acquire three cooperative banks

The State Bank of India (SBI) is setting up a private equity fund to cater to the small and medium enterprise (SME) sector.

SBI to set up Rs 500 cr PE fund

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