The Reserve Bank of India (RBI) proposes to come out with prudential norms for reverse mortgage loans to safeguard banks in a falling real estate market. The prudential norms are likely to be

RBI to issue norms for reverse mortgage

Business Standard

Rabobank, the Netherlands-based financial institution, is planning to set up a $100 million private equity fund in India which will focus on the agriculture value chain. 


Rabobank plans $100 mn agri-business PE fund

Foraying into the commercial banking space in Gujarat, HSBC is eyeing for a larger chunk of business from the state in the coming months. The bank admits, with presence in just two cities in the state

HSBC to foray into commercial banking in Guj

The Reserve Bank of India (RBI) is slowly phasing out deposit-taking, non-banking finance companies (D-NBFCs) garnering public deposits.

RBI moves to stop NBFCs` deposit mop-up

The Insurance Regulatory and Development Authority (Irda) should create a pool for senior citizen policies, according to general insurance companies. 


Insurers seek health pool for elderly

Corporate lending departments asked to scan borrowers' books.With little clarity on the list of companies that have mark-to-market losses on derivatives transactions, banks are now asking their corporate banking departments to scan the books of borrowers and also seek details of their foreign exchange exposure.

Banks put SMEs under lens for forex exposure

Foraying into the commercial banking space in Gujarat, HSBC is eyeing a larger chunk of business from the state in the coming months.

HSBC bullish on commercial banking

State Bank of India will book Mark-to-Market (MTM) loss of $10 million for erosion in the value of overseas financial investment. This comes on the backdrop of turbulent financial markets where many

SBI to book $10 mn mark to market loss

The countrys largest lender, State Bank of India (SBI), expects a credit growth of 22 per cent this fiscal, a top bank official said.


SBI expects 22% loan growth in FY09

Press Trust of India

State-run Indian Bank today announced a standalone net profit of Rs 241.67 crore for the fourth quarter ended March 31, 2008, a 2.7 per cent growth over the corresponding period a year ago.


Indian Bank's net up 2.7% cr in Q4

India's corporate bond market remains under-developed despite strong economic growth and significant financial system reforms, the Asian Development Bank said here in a report.


Indian corporate bonds underdeveloped: ADB

Public sector lender Oriental Bank of Commerce (OBC) has posted a net loss of Rs 99.44 crore in the fourth quarter of 2007-08 due to write-off of losses related to erstwhile Global Trust Bank (GTB),

OBC Q4 net loss at Rs 99 cr

In a major push towards consolidation in the banking space, the Reserve Bank of India has presented a paper to the government highlighting a proposal for merger of banks.

Now, RBI wants bank consolidation

After Axis Bank, it is now the turn of State Bank of India to disclose losses its customers could face on derivative trading. 


SBI clients may lose Rs 700 cr

The Reserve Bank of India (RBI) is expected to do a balancing act by further liberalising limits on the foreign exchange outflow to tackle the capital inflow and its impact on inflation.

RBI may ease norms to boost forex outflow

Notwithstanding an imminent deceleration in the Indian economy, State Bank of India expects a 22-24 per cent credit growth in 2008-09 on the back of demand from segments like housing credit.


SBI pegs FY09 growth at 24%

The State Bank of Travancore (SBT), headquartered in Thiruvananthapuram, has posted a net profit of Rs 149.20 crore for the fourth quarter of 2007-08. This Q4 number shows a 6.22 per cent rise,

SBT posts net profit of 149 cr

&nbsp;The central bank wants to ease credit flow to agriculture sector. 
&nbsp;In order to balance growth with inflation, the Reserve Bank of India (RBI) is likely to tighten the margin or collateralised requirement for credit or working capital loans to industrial houses while relaxing credit flow to the farm sector.

RBI may tighten margin for collateralised credit

The Reserve Bank of India (RBI) is likely to keep key policy rates unchanged in the next week&#39;s annual policy as a part of a strategy to balance growth and inflation.

Rates may stay unchanged

State Bank of Travancore (SBT) has said that the Dubai representative office is expected to be operational this quarter itself, most probably before June.

SBT Dubai office likely to open by June

The impact of global sub-prime crisis on Indian banks with overseas operations has prompted the Reserve Bank of India (RBI) to propose cross-border supervision of overseas branches of Indian entities.

RBI seeks cross-border supervision

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