Bonds rise, Re falls

10-year bonds rose for a fifth day, the longest winning streak since they were issued in July, as reduced government debt sales bolstered demand for existing notes.

India must raise rates fairly soon to tame prices: OECD

India’s central bank must tighten its monetary policy “fairly soon” to rein in inflation, the Organization for Economic Cooperation & Development said.

Large-scale M&As to pick up in India: E&Y

There is a growing sense of anticipation about the global merger & acquisition environment with 33% of businesses likely to acquire other companies in the next 12 months, according to a study of almost 500 senior executives around the world by Ernst & Young’s Transaction Advisory Services.

Crisil arm targets global mkt; to advise Gujarat on infra spending

Under the supervision of Crisil Risk and the banner of Infrastructure developmental programme titled Vision 2020, Gujarat Infrastructure Development Board is spending the amount in the state.

Finmin, RBI will ask banks to better MSME credit

The finance ministry and the Reserve Bank of India will issue directions to the banks to step up credit for micro, small & medium enterprises.

HDFC Bank cuts rates for used cars

Even as the days of cheaper rates are numbered, banks are trying to woo their customers for used cars with lower interest rates.

Banking Notes

Private sector lender Kotak Mahindra Bank on Wednesday launched its first international representative office in Dubai. “Investors based in west Asia can now access....

Barclays weighs acquisition options for India ops

Barclays Global Retail Banking is planning inorganic growth in India and the company will evaluate acquisitions options based on the pricing and how well it would fit the business model of Barclays GRB.

StanChart to step up mkt advisory services in India

Standard Chartered, the UK bank that earns almost all its profit in emerging markets, will step up advising clients on share sales in India next year, South Asia chief executive officer Neeraj Swaroop said.

Union Bank to raise $500 m for expansion

State-owned Union Bank of India on Wednesday said it will raise Rs 2,250 crore through bonds by the end of this fiscal for expanding its global operations.

Subir Gokarn named RBI deputy governor

Ending month-long speculation, the Centre has appointed Subir Gokarn, chief economist, Standard and Poor's, as the fourth deputy governor of the Reserve Bank of India.

Life insurance cos may be allowed to invest in derivatives

Insurance Regulatory & Development Authority is considering allowing life insurers to invest part of policyholders' money in equity derivatives, a move that would allow these firms to hedge the risks emanating from cash markets.

RBI revokes zero-cost facility in forex deals

The Reserve Bank of India on Wednesday withdrew facility of zero-cost or cost reduction structures to ensure more transparency in forex derivatives trading. Since...

10-yr bonds, Re gain

Bonds gained for a fourth day, the best winning streak in two months, on speculation the government’s plan to sell shares in state-run companies will help narrow the fiscal deficit.

Banking Notes

There is a need for an umbrella organisation for urban cooperatives to support them in many ways including extending emergency liquidity support, the Reserve Bank has said.

Bond yields, Re fall

Bond yields touched near two-week lows on Tuesday on demand spurred by the absence of bond auction next week with ample liquidity in the banking system lending further support to prices.

China plans entry into the US market as norms ease

Chinese and US regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small & medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.

Union Bank starts auditing branches

After some of its branches were interrogated by the income-tax department for their involvement in the Madhu Koda money-laundering case, state-owned Union Bank has started auditing the accounts of the branches which had shown high transactions.

Kahn sees yuan role in special drawing rights

Dominique Strauss-Kahn, the managing director of the International Monetary Fund, said that the yuan may in future be added to the basket of currencies that set the value of IMF monetary units called special drawing rights.

Lehman sues Barclays over windfall profits

Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago, court documents show.

Pvt sector professionals can now head PFRDA

The Centre has now thrown open the post of the chairman of Pension Fund Regulatory & Development Authority to the private sector professionals. Now, a professional from the private sector is also eligible to succeed D Swarup, the existing PFRDA chairman, who will retires on November 30.

Latest News

Print Edition

Events

Bonds rise, Re falls

India must raise rates fairly soon to tame prices: OECD

Large-scale M&As to pick up in India: E&Y

Crisil arm targets global mkt; to advise Gujarat on infra spending

Finmin, RBI will ask banks to better MSME credit

HDFC Bank cuts rates for used cars

Banking Notes

Barclays weighs acquisition options for India ops

StanChart to step up mkt advisory services in India

Union Bank to raise $500 m for expansion

Subir Gokarn named RBI deputy governor

Life insurance cos may be allowed to invest in derivatives

RBI revokes zero-cost facility in forex deals

10-yr bonds, Re gain

Banking Notes

Bond yields, Re fall

China plans entry into the US market as norms ease

Union Bank starts auditing branches

Kahn sees yuan role in special drawing rights

Lehman sues Barclays over windfall profits

Pvt sector professionals can now head PFRDA