Reserve Bank of India Governor Y V Reddy said the sharp fall in the rupee is indicative of global uncertainties.

Fall shows global uncertainties: Y V Reddy

Business Standard

Housing finance players, including ICICI Bank, HDFC and State Bank of India, do not forsee an easing of lending rates on home loans immediately on account of rising inflation and borrowing costs.

Banks, HFCs not planning home loans rate cuts for now

India&#39;s private pension fund corpus would grow to over Rs 12,00,000 crore ($300 billion) by 2020 if the new pension scheme (NPS) is made available to over eight crore informal sector workers, a recently released report said.

Pvt pension corpus set for big leap

West Bengal State Cooperative Bank (WBSCB) is set to disburse Rs 80 crore to the different transport bodies of the state in the current financial year.

Rs 80 crore WBSCB loan for 900 buses

Non-life insurance companies will soon get the freedom to change the coverage, wordings, terms and conditions of insurance policies.

General insurers may get nod to change covers

The rupee climbed the most in more than a year, rebounding from a 13-month low, on speculation exporters bought the currency to benefit from its biggest three-day loss in more than a decade.

Rupee rebounds from 13-month low

Fourth-quarter net profit rises 41% to Rs 240 crore on interest and fee-based income.

Kotak Bank sets aside Rs 86 cr for derivatives

India can afford to sacrifice a bit of growth to tame the surging inflation, Bimal Jalan, former governor of the Reserve Bank of India, said on Friday.

Jalan supports lower growth to check price rise

Inflation is like the boor who goes to the hottest restaurant in town without a reservation, barges past the maitre d&#39; and then grabs a seat, refusing to leave.

Tight money won`t slay food, energy inflation

NBFCs of brokerages refrain from announcing one-time hit due to margin funding.

Brokers carry forward losses

Bank depositors, who have locked in money for tenure of less than one year, could be the major losers and earn negative interest rate on their fixed deposits if high inflation persists over a longer time.

High inflation to eat into depositors` returns

Press Trust of India

&nbsp;Lengthens tenures in response to customer feedback.
&nbsp;ICICI Bank, India&#39;s second biggest bank, has offered to lower the equated monthly installments (EMIs) for a large number of its borrowers by enhancing the tenure of their home loans.

ICICI Bank lowers EMIs for home loan customers

Manappuram General Finance and Leasing Limited (MAGFIL), a Thrissur-based non-banking finance company, has proposed a Rs 100 crore equity infusion during the current fiscal.

Manappuram General plans Rs 100 cr equity infusion

Around 500,000 workers affiliated to the All India Bank Employees&#39; Association (AIBEA) and All India Bank Officers Association (AIBOA) are planning to go on a one-day, nation-wide strike in mid-July.

Bank staff plan stir in mid-July

The spot rupee touched a one-year low of 42.11 today due to a heavy demand for dollars from oil and non-oil importing companies and a lack of supply of the currency.

Rupee falls below 42 against the dollar

&nbsp;Icra report shows rising costs squeezing corporate profits.
&nbsp;Downgrades of rated instruments by credit rating agency Icra have outnumbered upgrades for the first time in many years.

Firms` rating downgrades outstrip upgrades

Former Andhra Pradesh chief secretary J Harinarayan has emerged as the frontrunner to succeed C S Rao as chairman of the Insurance Regulatory and Development Authority (Irda).

Harinarayan may succeed C S Rao at Irda

Dewan Housing Finance Corporation today reported a 11.78 per cent rise in net profit to Rs 29.44 crore compared with Rs 13.51 crore during the corresponding period last year.

Dewan Housing Q4 net up 12%

The National Bank for Agriculture and Rural Development (Nabard) is planning to seek the Reserve Bank of India&#39;s assistance to track the financial health and governance standards of rural cooperative credit bodies.

Nabard to rope in RBI for rural co-op task force

State government representatives will initiate a formal dialogue with top officials of the Reserve Bank of India (RBI) in favour of introduction of non-statutory liquidity ratio (non-SLR) bonds on Friday.

States may seek non-SLR bonds at RBI meeting

In an effort to create awareness on the importance of life insurance and financial planning among the people of Kerala, Aviva Life Insurance has joined hands with IndusInd Bank to launch a social responsibility initiative.

Aviva joins hands with IndusInd Bank

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