Fitch Ratings has revised the outlook for the Chennai-based Indian Bank to negative from stable, on increasing pressure on its asset quality due to cyclical and structural factors.

Fitch revises outlook for Indian Bank to negative

Business Standard

The prospects of monetary easing in the mid-quarter policy review on June 18 brightened on Friday. Apart from falling commodity prices and an economic slowdown (on Friday&rsquo;s Brent crude price fall and yesterday&rsquo;s GDP growth figures were the most immediate reasons), the market took comfort from Reserve Bank of India (RBI) Deputy Governor Subir Gokarn&rsquo;s comments in Kochi on Friday.

Gokarn-speak raises rate cut hopes

Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Friday said the rupee&rsquo;s depreciation was an outcome of real sector issues and financial sector measures could only help temporarily. He said the currency was weak due to fundamental factors and the global situation.

Re fall due to real sector issues: RBI

The depreciating rupee is taking a toll on the enthusiasm of the personal computer (PC) makers who are actively participating in many of the government contracts in various state and national level projects.

PC makers shy away from govt contracts as rupee slides

The Insurance Regulatory and Development Authority (Irda) is set to ban the controversial highest net asset value (NAV)-guaranteed products, its chairman J Hari Narayan said on Saturday.

Irda to ban highest NAV-guaranteed products

The nation's banks will continue to witness a compression in their critical net interest margins even during the current fiscal, due to slowing credit growth and inability to raise deposits at low costs, brokerage firm Kotak Institutional Equities has said.

Margin pressure set to haunt banks this fiscal too: Kotak

Press Trust of India

The rupee, which touched a fresh low last week, is expected to stay under pressure in the near term, as concerns from the debt-ridden Euro zone continue to drive away foreign investors to safe haven currencies like the dollar and yen.

Experts see Re weakening on Euro zone woes

ICICI Bank&rsquo;s losses on its security receipts portfolio have nearly doubled to Rs 408 crore in the financial year 2011-12, from Rs 231 crore a year ago.

ICICI Bank's losses on security receipts widen to Rs 408 cr in FY12

State Bank of Travancore (SBT) has launched an Inter-Bank Mobile Payment Service (IMPS) for transferring money among bank accounts using mobile phones and the mobile banking facility. This facility enables a customer having a mobile banking facility to transfer funds to the account of any other beneficiary, either with the same bank or with another bank, using a mobile phone, on a 24x7 basis.

SBT launches IMP service

It seems that fund managers who have launched PE funds recently want to stick to Indian culture while picking names for their ventures.

There's something in a name, say private equity players

The rupee today lost four paise to 55.58 against the dollar in early trade as the American currency gained strength against euro and other Asian currencies.

Rupee down 4 paise to 55.58/dollar

Reversing its early losses, the rupee advanced by 19 paise to 55.35 against the dollar due to selling of dollars by banks and corporates today.

Rupee advances by 19 paise to 55.35/dollar

Punjab National Bank (PNB), which had proposed to buy 30 per cent in MetLife Insurance for Rs 1, has reworked the sale agreement amidst the insurance regulator&rsquo;s discomfort with the deal structure.

PNB reworks deal with MetLife to fit regulatory bill

Life seems to have turned a full circle for some professionals in the microfinance industry of Andhra Pradesh, but with tragic consequences.

Debt trap turns tragic for Andhra MFI chiefs

The deprecating rupee might be a cause of anxiety for importers, but the same is a cause of rejoice for realtors, although in a different way. The rupee against the dollar had depreciated by around 27 per cent in the last one year.

Falling Re brings overseas money to realty sector

NPAs of Urban Coop Banks more than double in Gujarat

Mumbai-based urban cooperative bank, Zoroastrian Co-operative Bank Limited (ZCBL) has acquired Surat-based City Co-operative Bank Limited making the former a multi-state scheduled urban cooperative bank.

Mumbai's Zoroastrian Cooperative Bank acquires Surat-based City Coop Bank

It has been a month since the Reserve Bank of India (RBI) increased the ceiling on interest rates that Indian banks could offer to Foreign Currency Non-Resident (B) deposit holders. Bankers said the channel is yet to see satisfactory flows.

Volatile rupee keeps NRI forex funds away

Former chairman and managing director of Syndicate Bank N K Tingalaya said micro credit played an important role in effective implementation of poverty eradication programmes and regional rural banks were the agents of introducing the micro credit system. As such the importance of regional rural banks should not be undermined, he asserted.

'RRBs should not be ignored'

Shrinath Bolloju will succeed Gunit Chadha as the chief executive officer for Deutsche Bank&rsquo;s India business, industry sources told Business Standard on Monday.

Bolloju appointed interim CEO of Deutsche Bank India

The Reserve Bank of India (RBI) on Monday reiterated the room for it to consider interest rate cuts had increased, thanks to the fall in crude oil prices and deceleration in India&rsquo;s gross domestic product growth.

Gokarn reiterates RBI has more room for monetary easing

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