banking finance News

Indian Rupee snaps initial gain vs US dollar, down 4 paise
Reuters: May 22, 2013 at 0942 hrsIndian rupee opened higher at 55.35 per dollar as against the previous closing level of 55.41.
RBI or SEBI should create awareness against ponzi schemes: SBI
PTI: Kolkata, May 18, 2013 at 1656 hrs ISTRBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, says Pratip Chaudhuri.
ING tests waters to exit ING Vysya, approaches banks to consider deal
ENS Economic Bureau: Mumbai, May 22, 2013 at 0255 hrs ISTING Vysya had exited its life insurance business in India by selling 26 per cent stake.
State Bank of India suggests RBI as single regulator for all home loans
Press Trust of India: May 18, 2013 at 1616 hrsA single regulator having same rules for all players would help remove regulatory arbitrage: SBI
'Rule violations can’t be termed malpractices'
Ira Dugal: New Delhi, May 24, 2013 at 1959 hrs ISTKC Chakrabarty, Dy Guv, RBI, explains cbank has initiated corrective action post-Cobrapost sting.
ATM heist: India's IT sector in unwelcome spotlight
Mumbai, Bangalore, May 19, 2013 at 0115 hrs ISTGlobal banks were already under pressure to step up oversight of back-office functions.

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Barclays sees RBI easing more aggressively, 75 bps cuts by Dec
PTI: mumbi, May 21, 2013 at 1523 hrs ISTRBI has repeatedly been articulating its concern on inflation.
Indian rupee logs biggest fall in a week vs US dollar
Press Trust of India: May 17, 2013 at 1839 hrsIndian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.
HSBC says Indian rupee better suited to stand US dollar strength
Reuters: May 21, 2013 at 1558 hrsIndian rupee is a main beneficiary of lower commodity prices as it suffers from oil and gold trade deficits.
Overseas business margins under pressure: SBI
PTI: Kolkata, May 18, 2013 at 1453 hrs ISTState Bank of India today said it would review returns from its foreign and domestic business.
Indian rupee falls below 55 level against US dollar, down by 12 paise
PTI: Mumbai, May 20, 2013 at 1005 hrs ISTThe rupee lost 12 paise to trade below 55 level against the dollar on sustained demand of the US currency.
ABN AMRO to cut 400 jobs as profit plunges 17 per cent
Press Trust of India: Amsterdam/New Delhi, May 17, 2013 at 1635 hrs ISTThe bank announced reorganisation in the commercial and merchant banking divisions.
Indian rupee up 16 paise vs US dollar in early trade
PTI: Mumbai, May 21, 2013 at 1003 hrs ISTThe rupee today strengthened by 16 paise to trade at 54.95 against the dollar.
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Reuters: Mumbai, May 16, 2013 at 2104 hrs ISTVikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.