The city-based small-sized lender Development Credit Bank (DCB) today said it expects 25% growth in advances this fiscal, buoyed by a healthy 29% uptick in credit demand in the first quarter.

Development Credit Bank eyes 25% growth in advances

Press Trust of India

In a first-of-its kind public offering, Shriram Transport Finance has reserved 80 per cent of its Rs 300-crore non-convertible debenture (NCD) issue for individual investors. The NCDs have coupon rates of 11.15 per cent for three years and 11.4 per cent for five years.

Shriram Transport Fin holds 80% of NCD issue for retail investors

Business Standard

Trivitron Healthcare, the Chennai-based healthcare equipment firm with yearly revenue of about Rs 500 crore, is understood to have started negotiations with the US-based, $16-billion Medtronic Inc for a strategic equity infusion.

Trivitron, Medtronic begin talks for strategic investment

The private equity (PE) industry is planning to approach the market regulator and the government to address anamolies in the new taxation regime. According to the industry, the recent changes in the rules have put domestic PE funds at a disadvantage.

PEs seek pass-through & capital gains tax parity

HSBC&rsquo;s India staff has come under the scanner for deficiencies in performing the role of &ldquo;offshore reviewers&rdquo; of the global banking giant&rsquo;s compliance with the safety mechanism against money-laundering and terrorist financing.

HSBC India staff under lens in terror-funding probe

Private equity in Asia has recovered from the effects of the 2008-09 global financial crisis.

Private equity Asia-pacific: regaining lost ground

Axis Bank said on Wednesday it has launched a mobile phone-based card acceptance service in association with Prizm Payments and Mswipe Technologies. The service, Swipeon, will convert any mobile phone into a card acceptance device by attaching the Mswipe card reader to the phone.

Axis Bank launches cellphone-based service

Srei BNP Paribas, the 50:50 equipment financing joint venture company between Kolkata-based Srei Group and French financial major BNP Paribas, is looking at an equity infusion of around Rs 250 crore, to be contributed equally by both the partners.

Srei BNP Paribas to infuse Rs 250 cr through equity

The finance ministry has reminded public sector banks (PSBs) of restrictions on quotes (indicating interest rates) in auctions for bulk deposits from state-owned enterprises. This follows the ministry communicating curbs on short-term loans to PSBs.

PSBs reminded of curbs on bulk-deposit auctions

Corporation Bank will seek more time from the finance ministry to reduce its bulk deposit base, Ajai Kumar, chairman and managing director, said on Wednesday.

Corporation Bank to seek more time to pare bulk deposits

The rupee today strengthened by 15 paise to trade at 55.33 against the dollar in early trade on the Interbank Foreign Exchange, as the American currency weakened against other currencies overseas.

Rupee gains 15 paise, at 55.33/dollar

&nbsp;The rupee is trading at a session high of 55.14/16 versus its 55.48/49 close on Wednesday, tracking a jump in the euro and gains in domestic shares.

Rupee at day's high tracking euro, shares rise

Reuters 

The Finance Ministry has asked public sector banks not to accept bulk deposits beyond 15% of total deposits to improve asset-liability management.

Govt asks banks to restrict bulk deposits to 15%

The rupee gained on Thursday as a sharp recovery in the euro prompted foreign banks to sell dollars, while a rise in domestic shares spurred custodian banks to also sell the greenback.

Rupee gains reforms key as traders remain cautious

Mortgage firm HDFC Ltd today said its paid-up capital has increased to Rs 298.71 crore with allotment of additional shares.

HDFC's paid-up capital rises to Rs 299 cr

The Reserve Bank will soon launch an e-learning package as well as establish nodal offices for banks to address issues related to external commercial borrowings.

RBI to soon launch e-learning package to address ECB queries

The so-called domestic systematically important banks (D-SIB) might have to maintain a higher amount of capital to increase their capacity to absorb losses. It would also reduce probability of failure, said a panel set up by Bank for International Settlements (BIS).

Higher capital norms on cards

L&amp;T Finance Holdings Ltd has reported 25.3 per cent growth in net profit, at Rs 121 crore, in the June quarter on the back of robust loan growth in rural market, despite a slower infrastructure credit disbursement.

L&T Finance Holdings net profit up 25%

Reeling under debts, telecom companies have approached the Reserve Bank of India (RBI), seeking relaxation in external borrowing norms.

Telcos want RBI to relax external borrowing norms

Kotak Mahindra Bank on Thursday said its consolidated net profit for the quarter ended June 30 expanded 6.5 per cent to Rs 443 crore from Rs 416 crore a year earlier.

Kotak Bank net profit up 6.5%

Public sector banks will not have to focus on their top line growth, as there will be no targets for them to meet credit and deposit growth for the current financial year. Instead, the finance ministry has asked the government-owned banks to focus on increasing efficiency and bringing down non-performing assets. Banks will now have targets on lowering the number of loss-making branches and cutting bad loans of regional rural banks.

No loan growth target for PSBs

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