The government on Friday indicated the process of divesting its stake in Hindustan Aeronautics Limited (HAL) was underway.

Centre: Plans afoot for HAL disinvestment

Business Standard

The Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to invest in primary issuances of companies&rsquo; non-convertible debentures (NCDs), provided these papers are scheduled to be listed on the stock exchanges within 15 days of being issued.

Now, FIIs can invest in NCDs

The Reserve Bank of India (RBI) on Friday said it was watching the liquidity situation closely, and would act when required.

RBI says OMOs not ruled out 

European banking shares were upgraded by Goldman Sachs Group Inc analysts, who said they anticipate a boost in liquidity and profit from the European Central Bank&rsquo;s (ECB) three-year loans.

European banks upgraded by Goldman analysts

Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty economic losses for private creditors.

Moody's downgrades Greece after debt swap

Reuters 

IDBI Bank will continue to expand its loan book at a moderate pace of about 15 per cent annually in the next two financial years, despite fresh equity capital injection by the government and Life Insurance Corporation of India (LIC).

IDBI Bank to maintain 15% credit growth

In a first of its kind alliance, three lenders have joined hands to form a non-banking finance company (NBFC) to support infrastructure development in the country.

ICICI, Citi, BoB to form NBFC to fund core sector

The yield on government bonds is expected to be steady, as traders would be cautious amid tight liquidity. There are hopes the Reserve Bank of India (RBI) might take measures to ease pressure on liquidity, as the deadline for the final installment of advance tax draws closer.

Bond yields seen steady, OMOs eyed

Small policyholders of the country&rsquo;s largest life insurer are carrying the can for the government&rsquo;s ambitious disinvestment programme. Almost all of Life Insurance Corporation (LIC) of India&rsquo;s investment calls in the government&rsquo;s disinvestment programme that restarted in 2009 have gone wrong, resulting in huge notional losses for policyholders in the underlying schemes.

LIC policyholders carry disinvestment can

There is still room for the Reserve Bank of India (RBI) to cut the cash reserve ratio (CRR) for banks, RBI Deputy Governor Subir Gokarn said in an interview to a TV channel.

There is still room for CRR cut: RBI

The Indian equity market is headed for good times in 2012, underpinned by the expectations of monetary easing by the Reserve Bank of India (RBI) coupled with steps likely to be taken by the government for fiscal consolidation, Deutsche Bank said in a report.

Deutsche Bank bullish on Indian markets in 2012

Press Trust of India

State-owned Oriental Bank of Commerce (OBC) today raised rates on high value fixed deposits by up to 3.5% on select maturities amidst tight liquidity conditions.

OBC raises fixed deposit rates by up to 3.5%

Industrial development is key to the size of Cash Deposit Ratio (CDR) in a state and Bihar required to accelerate its industrial activities to improve its CDR, IDBI Bank Executive Director RK Bansal said today.

Industrial devt key to high CDR: Bansal

Citigroup Inc expects to increase the number credit card customers it has in India by more than 20% a year over the next two to three years as it looks to boost its unsecured business portfolio in the country, a senior Citi executive said.

Citi to boost India card, personal loan businesses

Private sector lender Axis Bank today said it has raised $500 million (about Rs 2,250 crore) through bonds to fund its overseas expansion.

Axis Bank raises $500 million from bonds

The country's largest private sector lender ICICI Bank today said its expects the Reserve Bank to further reduce CRR and release more liquidity into the system, at its monetary policy review later this month.

RBI may further reduce CRR: Chanda Kochhar

Issuances of certificates of deposits (CDs) fell on Monday, compared with last week, owing to lower demand from banks. According to traders, banks raised about to Rs 3,000 crore on Monday, against Rs 8,500 crore on Friday. The rates on the CDs also eased marginally.

CD issuances fall on yearly deposit target breather

State-controlled Life Insurance Corporation (LIC) of India pumped in at least Rs 4,037 crore to buy 157 million shares in state-owned explorer Oil and Natural Gas Corp (ONGC) in the run-up to the government stake auction last week, according to a filing by ONGC to the stock exchanges on Monday.

LIC stocked up on ONGC before govt stake auction

Reserve Bank of India (RBI) deputy governor Subir Gokarn on Monday said liquidity infusion through open market operations (OMOs) could not resolve the deficit problem, adding there was still room for reduction in the cash reserve ratio.

Room for a CRR cut, reduction in SLR not practical, says Gokarn

ICICI Bank and three other financial institutions on Monday agreed to float India's first infrastructure debt fund (IDF) with a capacity to raise up to $2 billion to finance infrastructure projects that require a whopping one trillion dollars in the next five years.

ICICI Bank, 3 others launch debt fund

As the system faces liquidity shortage and inflation came down to below seven per cent in January, pressure has mounted on RBI to cut the cash reserve ratio further.

Demand to cut CRR increases, as liquidity remains in shortage

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