Page 3180 - Finance News
Rupee weakens for second day seen ranged over week
The euro rose versus the dollar on optimism the ECB will unveil a plan
FinMin looking at relaxing insurers' investment norms
According to estimates, the investment corpus with the life insurance companies is around Rs 13 lakh cr
PSUs may be asked to hunt for cheap assets abroad
Finance minister to meet heads of cash-rich public sector undertakings next week and discuss investment plans
Banks set up play area for kids, conference rooms for HNIs
For instance, Federal Bank's new branch in Thiruvalla, Kochi, has a 'play area' for children
Axis Bank to expand retail loan share by 25% in 3 yrs
But is concerned about slowing long-term credit demand from corporate sector
Irda approves revised PNB-MetLife deal
Shareholders to pare stake in MetLife
'Lend directly to borrower in priority sector'
RBI Deputy Governor Chakrabarty says doing so through intermediaries is riskier, costlier
Subbarao's laughter therapy on CRR row
There was pin-drop silence as the audience, comprising top bankers, didn't know how to react
Lakshmi Vilas Bank to raise Rs 500 cr for growth momentum
For this, it would explore raising additional Tier-I or Tier-II capital, with the approval of shareholders and regulators
Rupee drops on dollar buying speculation
It touched 55.38 earlier, the strongest level since August 24
Moody's cuts European Union outlook to negative
Says change shows outlook on AAA ratings of members with big contributions to EU budget
Key leaders step up diplomacy as ECB comes into focus
The stewards of the single currency, who have sparred as borrowing costs diverged in the 17 nation-euro area
Rs 90k-cr govt infusion in banks needed after Basel-III: Subbarao
Subbarao said the government would be tempted to issue recapitalisation bonds against common equity infusion
Rupee slides further, down 25 paise at 55.91/dollar
Persistent demand for dollar from banks and importers weigh on rupee
Rupee weakens to 1-week low
Euro also trading down but losses capped ahead of a European Central Bank meeting on Thursday
SBI slashes term deposit rates by 50-100 bps
The revision in rate is for deposits of up to five years and will be effective from Sept 07, 2012
Rupee hits 3-week low on fall in shares, euro
The euro had been rallying on hopes of some concrete steps from the ECB
Rupee at 6-wk low of 55.91, down 25 paise
A strong dollar overseas ahead of the ECB's meeting tomorrow also weighed on the rupee
Banks' credit growth stagnant in first 5 months of FY13
As as policy inaction and bureaucracy held up major infrastructure projects and dampened investor sentiment
RuPay cards to be acceptable at all PoS terminals by Jan
According to National Payment Corporation of India, at present it is accepted in 48,000 merchant terminals