Be prepared to pay more to insure your vehicle.

Irda hikes third-party motor premium rates by 5-20% 

Business Standard

Talks to sell a stake in Britain's state-owned Royal Bank of Scotland (RBS) are being held at the level of the Abu Dhabi ruling family, sources told Reuters on Tuesday.

Abu Dhabi royals in talks to buy RBS stake

Reuters 

Deutsche Bank AG, adding assets as other lenders trim their balance sheets, leapfrogged France's BNP Paribas SA to reclaim the title of Europe's largest bank.

Deutsche Bank number one in Europe as leverage hits valuation

Bangladesh on Tuesday asked India to facilitate opening of corporate offices by Bangladeshi companies in the country. Bangladesh commerce secretary Ghulam Hussain, who is leading a business delegation, said the Reserve Bank of India has rejected applications of Bangladeshi companies to open offices in India. &quot;There is some problem regarding opening up offices by Bangladeshi companies in India. The RBI is not allowing Bangladeshi companies to have offices here,&quot; Hussain said at a function organised by industry body CII. About 40 Indian companies including Liberty Shoes have their outlets or offices in Bangladesh, he said.

Bangladesh seeks help to open corporate offices

Press Trust of India

Public sector Indian Overseas Bank today said it plans to increase the number of branches to 2,630 across the country by this financial year.

IOB plans to increase branches to 2,630

State-owned Punjab National Bank (PNB) has raised Rs 1,589.90 crore by issuing shares to Life Insurance Corporation (LIC) on preferential basis.

PNB raises Rs 1,590 cr via preference issue to LIC

The Chief Executive Officer of the Bank of America,  Brian Moynihan, made $8.1 million in total compensation last year, up from $1.9 million in 2010, according to a filing with the US Securities and Exchange Commission on Wednesday.

Bank of America CEO earned $8.1 million in 2011

The Lloyd's of London insurance market swung to its second-biggest loss last year after absorbing record claims from natural catastrophes including Japan's Tohoku earthquake and floods in Thailand.

Lloyd's of London swings to second-worst loss on calamities

Yields on the 10-year benchmark government bond shot to four-month high of 8.63 per cent on Wednesday on announcement of the borrowing plan for the first half of next financial year.

Bond yields surge on concerns of higher govt borrowing in H1

Interest rates on retail term deposits may stay at current levels, or even inch up, in April as bankers are unlikely to revise them taking into account the tight liquidity conditions and the central bank&rsquo;s monetary stance.

Banks likely to hold deposit rates till liquidity improves

The Reserve Bank of India (RBI) on Wednesday announced a slew of revisions aimed at liberalising the norms for direct investment abroad by Indian residents. These include liberalisation in regulations on qualification shares, professional services rendered and Esop (employee stock option plan) schemes.

Foreign direct investment norms for Indians relaxed

Public sector banks will have to step up investments in technologies, such as data warehousing and business intelligence over three to five years to stay competitive, as needs of the consumers change and regulatory compliance increases, according to a study by Zinnov.

Customer needs & rules to drive banks' IT spend: Survey

The British Bankers' Association said a panel of lenders will review the London interbank offered rate, including some firms being probed for allegedly rigging the benchmark.

Libor review panel includes banks probed for manipulation

European leaders signalled rising confidence that their region&rsquo;s crisis was near an end, while Federal Reserve Chairman Ben S Bernanke warned that a US recovery wasn&rsquo;t assured.

Europe sees crisis near end, Bernanke wary on recovery

The Reserve Bank of India has cancelled the licence of The Bhusawal People's Co-operative Bank Ltd &mdash; the Jalgaon-based cooperative bank in Maharashtra, following depositors' concerns.

RBI cancels co-operative bank's licence

European governments are preparing for a one-year increase in the ceiling on rescue aid to 940 billion euros ($1.3 trillion) to keep the debt crisis at bay, according to a draft statement written for finance ministers.

EU govts nearing one-year rescue boost to $1.3 tn

Bharti Airtel subscribers would soon be able to withdraw cash by using their mobile phone, without going to bank branches or any ATM. The company, which recently launched Airtel Money (AM) to allow users to transfer money, as well as pay bills, is in discussion with various banks to launch the cash withdrawal service.

Soon, Airtel users can withdraw cash using cellphones

The Reserve Bank today asked banks to improve their ability to manage stressed assets, but said there was nothing alarming about an unexpected rise in the non-performing assets (NPA) levels this fiscal.

RBI asks banks to improve NPA management

The Reserve Bank of India (RBI) today announced it will purchase government securities worth Rs 10,000 crore tomorrow through open market operations (OMO) to infuse liquidity in the cash strapped system.

RBI to buy Rs 10,000 cr worth govt securities

The Reserve Bank of India (RBI) today directed Muthoot Fincorp arm -- Muthoot Estate Investments -- not to accept any deposits from public in any manner.

Muthoot Estate can't accept public deposits: RBI

German lender Deutsche Bank expects the Reserve Bank of India (RBI) to cut rates by 50 basis points (bps) till June as it will otherwise lead to further imbalance on fiscal and current account fronts.

Deutsche Bank sees 50 bps cut in RBI policy in Q1

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