http://feeds.business-standard.comThe latest news from India's most respected business daily.enBusiness Standard LimitedSat, 07 Nov 2009 11:40:02 GMTNewspapersBS RSS Generator10http://feeds.business-standard.com/images/logo_small.gifhttp://feeds.business-standard.com14428Business Standardhttp://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/fHce8_HdWto/storypage_c.phpThe countrys foreign exchange reserves fell $1.13 billion in the week up to September 11 to $284.4 billion on the back of portfolio investments and revaluation of currencies.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375620Fri, 06 Nov 2009 19:28:40 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375620http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/-YzspScNOFc/storypage_c.phpIDBI Bank said on Friday it would come out with a follow-on public offer (FPO) in January to meet its capital needs. It also plans to raise $500 million through overseas bonds to fund Indian corporates expansion programmes abroad.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375619Fri, 06 Nov 2009 19:27:27 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375619http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/Fy9Ed8z-tVw/storypage_c.phpMunich Re today said it would further reduce its exposure to India as entry of new general insurance companies in the market was putting pressure on its premium income.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375618Fri, 06 Nov 2009 19:25:59 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375618http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/jzF_sGshnDs/storypage_c.phpThe bank extends 8% home loan scheme till March.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375616Fri, 06 Nov 2009 19:20:18 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375616http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/yYzpagHwufY/storypage_c.phpWe need a Financial Products Safety Commission to vet derivatives and their suitability for clients, to reduce the asymmetry in knowledge between buyers and sellers.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375595Fri, 06 Nov 2009 19:10:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375595http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/uuMrMNDir4M/storypage_c.phpIn an attempt to increase the flexibility and transparency of annuity products, the Insurance Regulatory and Development Authority, or Irda, is likely to allow variable annuity products, with exposure to equity.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375544Thu, 05 Nov 2009 19:37:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375544http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/Lw6Cckd_p98/storypage_c.phpAll citizens of the country can now buy a pension plan at retirement age with the pension regulator increasing the maximum age for entering the new pension scheme (NPS) from 55 years to 60 years.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375497Thu, 05 Nov 2009 19:28:45 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375497http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/HAGpFVO9Uws/storypage_c.phpThe move goes against RBIs hint of withdrawal of easy money policy.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375437Thu, 05 Nov 2009 19:28:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375437http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/z87jc93Ztxc/storypage_c.phpBanks see funds flowing into current, savings accounts.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375496Thu, 05 Nov 2009 19:26:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375496http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/cHm9_I3ju_E/storypage_c.phpMangalore-based Corporation Bank has projected Rs 4,000-6,000 crore capital requirement to the government assuming a business growth of 25 per cent over the next three years with capital adequacy ratio of more than 12 per cent.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375436Thu, 05 Nov 2009 19:17:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375436http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/YkJUn9oAqm0/storypage_c.phpCentral bank unlikely to allow inclusion of write-offs in loan-loss coverage calculation.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375468Thu, 05 Nov 2009 18:55:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375468http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/jSQ6_nQ6mk0/storypage_c.phpRestates its pledge to keep rates exceptionally low.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375526Thu, 05 Nov 2009 18:37:04 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375526http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/UJUHBSDnBuE/storypage_c.phpStandard Chartered (StanChart), the third-largest bank in the United Kingdom by market value, wants to do business almost exclusively in Asia and emerging markets. Any executive of the lender who dares to depart from that strategy risks the wrath of Mike Rees, the chief executive officer for corporate banking.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375440Thu, 05 Nov 2009 18:34:22 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375440http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/JKRJD2ScVWo/storypage_c.phpJPMorgan Chase & Co and UBS AG expect mergers advisory to account for a bigger slice of revenue in India next year as companies that bolstered their finances through stock sales in 2009 seek acquisitions. At least 30 per cent of revenue will likely come from M&A advisory in 2010, after equity underwriting accounted for more than 90 per cent so far this year, according to the heads of JPMorgan and UBS in India.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375439Thu, 05 Nov 2009 18:33:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375439http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/eL08xrhGR0k/storypage_c.phpThe India Innovation Fund (IIF) set up in January 2008 promoted by the National Association of Software and Services Companies (Nasscom) and ICICI Knowledge Park, has achieved its first closing corpus of Rs 40 crore. This will be scaled up to Rs 100 crore.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375438Thu, 05 Nov 2009 18:30:29 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375438http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/2h6MdQwWfFE/storypage_c.phpIndian banks failed to repeat their first-quarter show in the second quarter with sector giant State Bank of India and the largest private one, ICICI Bank, reporting subdued performance.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375498Thu, 05 Nov 2009 18:30:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375498http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/c5eSy1QUnTY/storypage_c.phpThe purchase of 200 tonnes of gold by the Reserve Bank of India (RBI) from the International Monetary Fund (IMF) for $6.7 billion has evoked a rather sentimental response in this country. The memory of the 67 tonnes of gold that was pledged to the Bank of England in 1991 as India struggled to find its way out of a severe balance-of-payments crisis still rankles. Almost 19 years later, the countrys ability to buy three times that amount with barely a ripple being caused in its $285-billion foreign exchange reserves is a huge vindication of all the things that various governments have over the years done to reinforce and consolidate on the reform process that was initiated in the aftermath of the 1991 crisis. Well, perhaps a little bit of sentimentality is appropriate, but this is also an opportunity to look back over the past two decades and reflect on whether the reform process delivered on its promises.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375376Wed, 04 Nov 2009 19:16:37 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375376http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/CW2HBYIYLww/storypage_c.phpFunds may lose an investment option as RBI bans short-term NCDs.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375354Wed, 04 Nov 2009 19:08:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375354http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/9KH2HTerSUk/storypage_c.phpMahindra Finance, the non-banking finance arm of the Mahindra group, saw its net profit double in the second quarter. Recently, it also crossed the one million customer mark. In a conversation with Sudeep Jain, the companys managing director, Ramesh iyer, talks about their core commercial vehicles finance operation and the new lines of business the group plans to enter.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375329Wed, 04 Nov 2009 19:07:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375329http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/7g3_oYWgLbg/storypage_c.phpPublic sector lender Central Bank of India has offered to buy out other shareholders in its home finance subsidiary, Centbank Home Finance. It is offering Rs 104.8 per share.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375341Wed, 04 Nov 2009 19:04:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375341