Greece remains &quot;accident prone&quot; and may require further debt restructuring or additional financing from euro countries if it struggles to implement measures attached to a new Euro 130-billion ($171 billion) bailout, staff at the International Monetary Fund said.

IMF for more European aid to Greece

Business Standard

Deutsche Bank has appointed Gunit Chadha the co-chief executive of its Asia-Pacific business. He shares the post with Alan Cloete.

Deutsche Bank names Gunit Chadha co-CEO for Asia-Pacific

With the higher government borrowing plan announced in the Budget, bond yields are likely to harden in the near future, say traders and analysts.

Bond yields set to harden on higher govt borrowing plan

Press Trust of India

The second largest private sector lender HDFC Bank has said the present situation is not conducive for rate cuts but further reduction in Cash Reserve Ratio (CRR) could lead to lower interest rates.

Present situation not right for rate cut: HDFC Bank

The German banking leader Deutsche Bank has increased the capital base in its franchise here by Rs 455 crore to fund growth plans.

Deutsche Bank pumps Rs 455 cr into India arm

Bond yields are expected to open firm on account of tight liquidity conditions and low probability of fund infusion through open market operations (OMOs) this week. Also, a higher government borrowing plan announced for 2012-13 may keep yields elevated.

Bond yields may stay firm amid tight liquidity 

State Bank of Travancore (SBT) has recorded a growth of 27.21 per cent in NRI business, up to February 2012 (growth of Rs 3,146 crore). Of this, Rs 442 crore is on account of the increase in interest rate due to deregulation of interest rates for NRE term deposits. The bank increased NRE TD rate from 3.82 per cent in December 2011 to 9.5 per cent from January 2012. SBT is the top recipient of inward remittances in Kerala.

SBT NRI business grows 27%

In its bid to deepen the equity and debt markets by attracting overseas funds, the Reserve Bank today allowed foreign venture capital investors to invest in securities through private arrangements or purchase from a third party.

RBI allows foreign VCs to invest in equities via third parties

The rupee today lost five paise to close at 50.23/24 against the US dollar amid weakness in local equities and fresh dollar demand for the US currency from importers.

Rupee down by 5 paise against dollar

Rating agency Moody&rsquo;s on Monday downgraded the rating for Union Bank of India (UBI) by a notch, owing to weak asset quality and inadequate loss-absorption capacity.

Moody's downgrades Union Bank of India

National Bank for Agriculture and Rural Development (Nabard), currently in the midst of a restructuring and reorganisation exercise, plans to consolidate its position in microfinance, warehousing development and rural infrastructure, in the wake of increased budgetary allocation.

Nabard plans to use extra allocation to consolidate

Chairman Prakash Bakshi told Business Standard the thrust on increasing lending to the agriculture sector and scaling up rural development plans meant a substantial increase in the bank's capital needs. It has sought the additional capital for balance-sheet expansion through refinancing operations and funding cooperative bodies.

Nabard seeks Rs 5,000 cr from Centre

United Bank of India is designated Banker for Indo &ndash;Myanmar trade . It has been facilitating settlement of trade transactions in EURO and Singapore Dollar (SGD)through the account of Banks in Myanmar being maintained with its Mumbai Overseas Branch. The barter trade at Moreh &ndash;Tamu is executed with assistance of Moreh Branch of the Bank.

UBI to be the Banker for Indo ?Myanmar trade

The optimum utilisation of the enhanced Rs 60,000-crore limit for issuing tax-free infrastructure bonds by companies seems unlikely.

Tax-free infra bonds may lose sheen in 2012-13

After targeting global banks deemed too big to fail, regulators are weighing tougher capital rules for lenders whose collapse would affect national economies. The Basel Committee on Banking Supervision is considering extra reserve requirements and tougher oversight for smaller lenders that aren&rsquo;t caught by measures to protect the world economy from meltdown. The possible firewalls would be discussed at a two-day meeting of the group that starts tomorrow.

Basel group said to consider national firewalls for banks

The government has opened the doors for qualified foreign investors (QFIs) to the developing corporate bond market in India. However, the country would need more than just higher yields to attract fund inflows from this segment.

QFI road to Indian corporate bonds may be bumpy

Credit-default swaps dealers will hold an auction to settle as much as $3.2 billion of Greek bond insurance triggered by the nation&rsquo;s debt restructuring.

Greece auction to settle $3.2-bn credit-default swaps

Banks have finally agreed to restructure micro-lender Bhartiya Samruddhi Finance (BSFL)&rsquo;s debts of about Rs 700 crore on the condition that the Vijay Mahajan-led BASIX Group would offer corporate guarantees against these.

Banks agree to recast BASIX's Rs 700-cr MFI loans

Having been battered by life-changing regulatory moves for over a couple of years now, mutual fund distributors finally have something to smile about. The finance minister has given a significant relief by exempting their services from the ambit of service tax of 12 per cent.

MF agents laugh more on the way to the bank

The country's second largest private lender HDFC Bank today appointed Donald D'Souza as the head of its equity capital markets in the investment banking division.

HDFC Bank names Donald D'souza equity capital mkts head

Public sector banks' gross bad debt jumped over 51% to a whopping Rs 103,891 crore in 2011, Minister of State for Finance Namo Narain Meena said today.

PSU banks NPAs up 51% to Rs 1 lakh cr

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