The huge portfolio fund flows and direct investments into projects and companies have substantially increased the share of non-debt obligations to almost half of the country's external financial liabilities.

Non-debt liabilities move up on fund flows

Business Standard

Country's largest co-operative financial establishment Saraswat Cooperative Bank has moved a business proposal to the Reserve Bank of India (RBI) expressing its willingness to take over the entire management of Maharashtra's two prominent debt-ridden banks namely Shree Suvarna Sahakari Bank (SSSB) and Rupee Cooperative Bank (RCB).

Saraswat Bank willing to manage 2 co-operatives

Despite worrying about a comfortable old age life, almost 80 per cent of the working Indians do not opt for any kind of retirement saving plans other than what is mandated by law, say the MetLife surveys.

80% working Indians don't opt for retirement plans

Press Trust of India

Average employee strength of Indian private sector banks has increased by 40 per cent compared to the minimal 2.75 per cent by public sector banks, in the last fiscal, according to an Assocham study.

Pvt banks workforce up by 40%, public banks by 2%

Public sector lender Punjab National Bank today said it will take a view on revising the interest rates by the end of this month in the wake of hike in the short-term lending rate by quarter percent by the Reserve Bank.

PNB to review interest rate by month-end

Thane Janata Co-op Bank Ltd (TJSB) has opened its 42nd branch in Nashik and planning to open 3 new branches in Thane, Panvel and Bhivandi within the next four months.

Thane Janata Bank eyes 25 per cent biz growth in FY 2008-09

In a move to revive the primary market for corporate bonds, the Securities and Exchange Board of India (Sebi) today issued simplified guidelines for issuance and listing of debt securities.

Sebi issues fresh norms for debt securities

The Securities and Exchange Board of India (Sebi) on Thursday notified regulations for securitised debt instruments.

Securitised debt issuer has to be a trust: Sebi

ICICI Bank today said it will closely monitor interest rate trends and the Reserve Bank of India's steps for managing inflation before deciding on interest rates.

ICICI retains interest rates, for now

Ever wondered how many Indian professionals have planned savings to meet their post-retirement needs? A new survey says that only 20 per cent plan to save for post-retirement phase.

Only 20% plan retirement savings

State Bank of India, Vijayawada, proposes to set up 125 ATMs and 15 new branches during 2008-09.

SBI-Vijayawada to open 15 new branches

The Reserve Bank of India (RBI) on Thursday decided to once again postpone introduction of credit derivatives.

No credit derivatives for now: RBI

Canada's third largest bank, Scotia in tie-up with Western Union, today launched the quick pay service that allows Indo-Canadians to send funds to their home country on real-time basis.

Canadian bank Scotia ties up with Western Union

P>Reserve Bank of India may soon raise the interest rate for short-term lending to banks once again as a measure to control the unabated rise in inflation that shot to 13-year high at 11.05 per cent, economists said.

Inflation impact: RBI may hike repo rate

P>The common man is losing on savings and deposits today with inflation moving to a double digit of 11.05 per cent, warned bankers and economists.

Inflation impact: Deposits earning decline

HDFC Bank has hiked its benchmark prime lending rate (BPLR) by 0.25 per cent to 15.25 per cent.

HDFC ups benchmark prime lending rate by 0.25%

India&#39;s designated reinsurer General Insurance Corporation (GIC) is on a drive to expand its global footprint.

GIC plans to scale up overseas operations

A bank cannot impose transaction charges on a customer who never made any transaction, the Delhi Consumer Commission has held terming such a practice as "illegal and unjustified".

Banks can't levy charges for transaction not done

&nbsp;Punjab National Bank (PNB) will hike lending rate by 50 bps. 
&nbsp;A final decision in this regard will be taken by the end of this month at the bank's asset management liability committee (ALCO) meeting.

PNB to hike lending rate by 50 bps

Mirae Asset Global Investment Management (India) today said it has tied-up with Corporation Bank for distribution of its mutual fund products.

Mirae Asset inks pact with Corporation Bank

Barclays Capital is upbeat on the structured financial products space in the country which looks set to double to $ 2-billion this year from $ 1-billion last year, a top company official said.

Barclays to up cap allocation, headcount in India

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