City Union Bank today said that it has proposed a joint venture (JV) with Sri Lanka-based Hatton National Bank targeting entrepreneurs and Small and Medium Enterprises in the country.

City Union Bank plans JV with Lankan Bank

Press Trust of India

Bank of Baroda proposes to open seven more branches in Karnataka during the present year and also aims to have branches in all 29 districts of the state by 2010.

BoB on expansion mode in K'taka

Business Standard

A growing number of wealthy individuals in India has attracted yet another foreign bank to cash in on this fast growing segment.

Credit Suisse launches wealth management biz

Life Insurance Corporation of India (LIC), which is among the largest property owners in India, is planning to acquire land worth Rs 2,000 crore this year to develop commercial and residential complexes.

LIC to buy land worth Rs 2,000 cr

The Indian Banks Association (IBA) and bank unions have convened a meeting on June 9 in Kolkata to assess the observations of the two actuaries appointed to compute the additional cost to provide one more pension option to bank employees.

IBA, bank unions meet for pension scheme

Kerala-based private sector lender Catholic Syrian Bank (CSB) plans to scale up its operations in this financial year by increasing its branch strength and acquiring more customers in the high net worth and retail segments.

Catholic Syrian Bank plans 50 new branches

Dutch banking major ABN Amro, acquired last year by a Royal Bank of Scotland-led consortium, is now fully geared to rebrand into Royal Bank of Scotland (RBS) in India, its chief Meera H Sanyal said.

ABN Amro India ready for re-branding into RBS

After successfully integrating United Western Bank with itself, IDBI Bank is now eyeing more acquisitions to further scale up its pan-India presence while its organic growth plans include the setting up of 200 new branches.

IDBI prepared for more acquisitions

The Reserve Bank of India (RBI) is likely to come out with guidelines on Foreign Currency Exchangeable Bonds (FCEBs) within a month.

RBI guidelines on FCEBs soon

BoB plans seven branches in Karnataka

Bajaj Finserv, which was listed on the National Stock Exchange today, would take a final decision on setting up an asset management company (AMC) by October this year, a top company official said.

Bajaj Finserv to decide on AMC biz by Oct

Export-Import Bank of India (Exim Bank) today said that it has extended a Line of Credit (LoC) of $10.59 million to the government of Suriname, for financing export of goods and services from the country.

Exim Bank extends $10.59 mn LoC to Suriname

The public sector bank,&nbsp;Punjab National Bank (PNB), opened its 58th branch at Raygada.

PNB opens its 58th branch at Raygada

Indian banking, financial services and insurance firms (BFSI) and telecom continue to be the top IT spenders in terms of absolute spend.

Indian BFSI firms top IT spenders: IDC

State Bank of India (SBI), the country's largest bank, is likely to pocket an entry premium of over Rs 400 crore to tie up with Insurance Australian Group (IAG), the highest in the insurance business so far.

SBI to earn over Rs 400 cr prem from non-life JV

Reserve Bank of India Governor Y V Reddy today said India&#39;s fiscal deficit continues to be among the highest in the world and the underlying pressures are not entirely reflected in headline fiscal numbers.

Fiscal numbers don't reflect underlying pressures: Reddy

The Reserve Bank of India today expressed displeasure at difficulties that small customers face in opening bank accounts and carrying out transactions like currency exchange.

Opening bank accounts still a problem: Thorat

Finacle, the banking product arm of software major Infosys Technologies, has developed a solution to take forward financial inclusion which, in its scope and business possibilities, can turn out to be a major offering.

Now, an Infosys `Nano` for financial inclusion

Bank of Baroda has chalked out an overseas expansion strategy, which involves opening of 10 new branches.

Bank of Baroda plans 10 new overseas branches

&nbsp;Others banks rule out immediate increase citing lower NIMs. 
&nbsp;State Bank of India (SBI) today said it will raise interest rates on fresh medium- and long-term deposits by 25-50 basis points from June 1 to garner resources for supporting business growth.

SBI hikes term deposit rates

UCO Bank is set to slash interest rates on products such as home and education loans.

UCO to make home, education loans cheaper

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