The country's largest lender State Bank of India (SBI) today said it would explore the possibility of raising capital through a public offer or from institutional investors next fiscal even as it is getting Rs 7,900 crore support from the government by end of this month.

SBI to consider fund raising through FPO, QIP next fiscal

Press Trust of India

The cooperative banks (UCBs) have demanded restoration of income tax deduction for all cooperative banks under section 80 (P) of the Income Tax Act.

Coop banks look at FM for tax deductions in Budget

Business Standard

Online frauds have been roughly doubling every year, according to independent data, in spite of measures being taken by organisations and individuals to secure their online transactions.

Online banking security up a notch

Government bond yields might fall this week in response to the liquidity easing measure announced by the Reserve Bank of India (RBI). On Friday, RBI reduced the cash reserve ratio (CRR) by 75 bps to 4.75 per cent, effective from the new reporting fortnight. The move released Rs 48,000 crore of banks&rsquo; funds locked in CRR.

Bond yields, short-term rates to cool after CRR cut

As concerns over slowdown in growth deepen and inflation numbers provide some relief, market analysts believe the time is ripe for the Reserve Bank of India (RBI) to reverse its stance from anti-inflationary to pro-growth, by starting to reduce interest rates from March 15, when the central bank announces its mid-quarter policy review.

Rate cut buzz to boost growth gains momentum

Snapping a two-session gaining streak, the rupee today lost 13 paise to close at 49.97/98 against the US currency on fresh dollar demand from banks and importers as the greenback firmed against world currencies.

Rupee falls 13 paise as dollar strengthens abroad

China has ample room to tweak policy to support credit growth in the face of volatile foreign capital flows that will inevitably see market forces play a greater role in determining the value of the yuan currency, the central bank said on Monday.

China sees room for policy manoeuvring

Reuters 

The liquidity deficit in the banking system continues to remain above the central bank&rsquo;s comfort level, despite a 75-basis point cut in the cash reserve ratio (CRR), which came into effect on Monday.

Liquidity deficit more than double RBI's comfort level

At a time when the uncertain macroeconomic environment has cast a shadow on India Inc&rsquo;s fund-raising programme and the fee incomes of investment banks in the country, Deutsche Bank has emerged as one of the top arrangers.

Deutsche Bank trio leads the way in investment banking

Banks operating in the state continue to struggle in achieving lending target in different key sectors as they have managed to achieve barely 55 per cent of the Annual Credit Plan (ACP) for 2011-12 by December-end.

Banks falter on credit flow to agri sector

Punjab National Bank (PNB), the second largest public sector bank in the country, has said it is expecting reduction in statutory liquidity ratio (SLR) in near future as such a measure is necessary to ease pressure on liquidity.

PNB hopeful of SLR cut

The &lsquo;King of Good Times&rsquo; is giving its partner banks a hard time.

Locked in miles, nowhere to fly

eMudhra, a private certifying authority for issuing digital signature certificate in India, and Watchdata System Co Ltd of Singapore have come together with solutions to reduce online fraud cases and provide secured solutions.

In a bid to improve customer service in the insurance sector, the insurance regulator is planning to allow new agents to service orphan polices. Orphan policies are those policies where the original agent is not available for servicing, thereby resulting in non-payment of premiums.

Insurers can designate new agents to service orphan polices: Irda

Kolkata-based Magma Fincorp Limited is aiming to double the tractor portfolio next year to cover 50,000 units from around 26,000 units in the current year.

Magma Fincorp to double tractor portfolio

The flow of money from Indians abroad into bank deposits remained robust in January 2012, despite an appreciation in the rupee value against the US dollar in the month.

NRE deposit flows touch $1.5 bn in January

L&amp;T Finance Holdings Ltd (LTFH), the financial services arm of engineering conglomerate L&amp;T, on Monday announced its foray into the mortgage finance business by acquiring housing finance company Indo Pacific Housing Finance Ltd.

L&T Finance forays into housing finance biz

Wells Fargo and Citigroup may join banks in unleashing more than $9 billion in dividend increases and share buybacks if these get passing grades this week on the Federal Reserve&rsquo;s annual stress test.

Wells Fargo, Citigroup to lead payout bonanza

The good news is Greece won't default on March 20, and 10-year borrowing costs for Spain and Italy have dropped below five per cent. The bad news is similar-maturity Portuguese bonds still yield more than 13 per cent.

Portugal yield at 13% shows Greek deal not unique

The government&rsquo;s market borrowings for the current financial year may have come to an end, with the last scheduled auction carried out on Friday.

Gilts: Low credit demand, OMOs play saviours in FY12

Standard &amp; Poor's today said that slower economic growth, high inflation and high interest rates are likely to impact the asset quality and earnings of Indian banks in financial year 2012-13. This could pose a ratings risk to Indian banks going forward.

Banks' asset quality, earnings to remain under pressure: S&P

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