Kotak Mahindra Capital, the prestigious investment banking arm of Kotak Mahindra Bank is building a more dominant position in transactions which are either by Indian corporates or are India centric in the leadership of T V Raghunath fondly referred as T V by friends and colleagues.

Kotak to grow dominance in M&A transactions

Business Standard

India&rsquo;s current account deficit (CAD) for the first quarter ended June declined to $16.4 billion from $17.4 billion in April-June 2011, on moderation in trade deficit and rise in remittances from foreign Indians.

CAD in Q1 at 3.9% of GDP

The hysteria surrounding bad debts of banks is unwanted as the country's banking system is robust profitable enough to absorb losses emanating from bad loan accounts, a top HDFC Bank official said here.

Hysteria on NPAs unwarranted: Aditya Puri

State Bank of India (SBI) is expecting that the loan offtake by the  industry, especially the small and medium enterprises (SMEs), would  increase with the recent reform measures by the government. The  commercial bank major is also hopeful that its recent action of reducing  base rate by 25 basis points to 9.75 per cent would give a push to the  loan growth,said A Krishna Kumar, managing director and group executive  (National Banking), SBI.

SBI expects recent reforms to push loan offtake

The controversy over the relevance of Cash Reserve Ratio (CRR) has resurrected with HDFC Bank, India's second biggest private sector lender pitching for a review on quantum of deposits that banks need to park with the Reserve Bank of India (RBI).

HDFC Bank bats for review on CRR quantum

So much for complacency. Just a few days ago, the conventional wisdom was that Europe finally had things under control. The European Central Bank, by promising to buy the bonds of troubled governments if necessary, had soothed markets. All that debtor nations had to do, the story went, was agree to more and deeper austerity &mdash; the condition for central bank loans &mdash; and all would be well.

Europe's austerity madness

Sometimes modern finance has a great need for something, and so bankers invent products that appear to fill that need. When it turns out that the invention was actually something else entirely, people are shocked.

The myth of fixing the Libor

Spain&rsquo;s banks have a capital deficit of euro 59.3 billion ($76.3 billion), less than previously estimated, according to a test designed to lift doubts about the financial industry&rsquo;s ability to absorb losses.

Audit shows Spain banks need $76.3 bn

Spain plans to borrow euro 207.2 billion ($267 billion) next year, the Budget Ministry said on Saturday.

Spain plans to borrow $267 billion in 2013

After touching a five-month high on Friday, the rupee is likely to touch a high of 52.25 to the US dollar this week as foreign fund inflows are likely to continue, experts said.

Rupee likely to touch 52.25/dollar this week

Press Trust of India

&ldquo;We neither have an upward bias, nor a downward bias.

Growth-inflation dilemma 

The Reserve Bank of India (RBI) has agreed to review the revised priority sector lending targets with an &ldquo;open mind&rdquo; over the next fortnight, Governor D Subbarao said on Tuesday.

RBI to review new rules for priority sector lending

Morgan Stanley has bought shares worth around Rs 40.39 crore in Murugappa Group's NBFC Cholamandalam Investment and Finance Company (CIFCL). The shares were sold by Copthall Mauritius Investment Limited.

Morgan Stanley picks up stake in Chola Investment

The National Buildings Organisation (NBO) under Union ministry of housing and urban poverty alleviation, engaged in the development of Housing Start Up Index (HSUI) in collaboration with the Reserve Bank of India (RBI) has selected Cuttack among 60 cities in India for developing the second phase of the index.

Cuttack among 60 cities for housing index

The rupee recovered by 10 paise to 55.55 against the dollar in early trade today on the Interbank Foreign Exchange after the RBI eased norms by allowing corporates and exporters to keep their entire forex earnings in the respective foreign currency for a limited period.

Rupee gains 10 paise, at 55.55/dollar

NEWSALERT: SBI cuts auto loan rates by 0.5 percentage points

State Bank of Travancore (SBT) has earned a net profit of Rs 181.44 crore in the April&ndash;June period of the current financial year as against Rs 139.25 crore in the same period last year, registering a growth of 30 per cent.

SBT net up 30%

Standard Chartered Bank on Wednesday said its pre-tax profit from India operations in the first six months this year declined 18 per cent to $311 million, from $378 million a year ago. Higher provisions in the wake of deteriorating asset quality and lower income from wholesale and consumer banking businesses hit the bank&rsquo;s earnings.

StanChart India pre-tax profit falls 18% in H1

The Reserve Bank of India (RBI) has formed a committee to review short-term co-operative credit structures. The panel will suggest a mechanism for consolidation in the sector and also examine the feasibility of setting up two-tier structures, against the three-tier structure now.

Panel to review co-op credit structures

On the day P Chidambaram took charge as the Union finance minister, the country&rsquo;s largest lender, State Bank of India (SBI), on Wednesday brought interest rate relief to its new home and automobile loan customers.

SBI slashes home, auto loan rates by 25-85 bps

Private equity players might be forced to dilute shareholder agreements (SHAs) with listed firms and their promoters, following a backlash from minority investors.

PEs might have to give up rights in listed firms

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