http://feeds.business-standard.comThe latest news from India's most respected business daily.enBusiness Standard LimitedSun, 22 Nov 2009 01:20:02 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/rBdcvMUidO4/storypage_c.phpWith an experience in managing complex work programmes, Indian economist Siddharth Tiwari has been named as secretary of the International Monetary Fund (IMF) by its Managing Director Dominique Strauss-Kahn.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377203Sat, 21 Nov 2009 19:28:26 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377203http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/A97RcxY9C6E/storypage_c.phpGeneral Insurance Corporation (GIC), Indias national re-insurer, is expected to take a Rs 100-crore hit in claims for the fire that broke out at the Indian Oil Corporation (IOC) complex near Jaipur last month.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377222Sat, 21 Nov 2009 19:27:10 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377222http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/TG-n23QPh00/storypage_c.phpFour other banks ready to tap the market.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377221Sat, 21 Nov 2009 19:24:46 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377221http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/3eYemEfSwew/storypage_c.phpThe recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377207Sat, 21 Nov 2009 19:22:40 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377207http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/0jJJ7P-E8Xc/storypage_c.phpFederal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377205Sat, 21 Nov 2009 19:17:44 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377205http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/ec1BOTJL4HQ/storypage_c.phpCredit growth is still subdued while deposits are growing at a much faster pace.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377135Fri, 20 Nov 2009 19:29:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377135http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/513DuN9W8q4/storypage_c.phpPublic sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377134Fri, 20 Nov 2009 19:27:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377134http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/CslyH-5v5es/storypage_c.phpJPMorgan Chase & Co and Wells Fargo & Co are arranging an $8 billion loan for Warren Buffetts Berkshire Hathaway Inc to help finance the takeover of railroad Burlington Northern Santa Fe Corp.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377147Fri, 20 Nov 2009 19:23:36 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377147http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/VEfKBQaq33Q/storypage_c.phpWith the developed world seeing a fragile recovery from the recession, projected to be a modest 1-2 per cent in the second half of 2009-10, a further financial crisis was not completely ruled out, said C Rangarajan, chairman of the Economic Advisory Council (EAC) to the Prime Minister.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377011Thu, 19 Nov 2009 19:27:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377011http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/Wr-0ioHFF30/storypage_c.phpDevelopment Credit Bank (DCB) today said it raised Rs 81 crore by private placement of shares with qualified buyers. After the qualified institutional placement (QIP), the promoter groups Aga Khan Fund of Economic Development (AKFED) holding in DCB came down to 23.11 per cent from 26.22 per cent earlier, Development Credit Bank said in a filing with the Bombay Stock Exchange.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377021Thu, 19 Nov 2009 19:26:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377021http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/ZSYyqeMGxWE/storypage_c.phpIFCI, the Delhi-based non-banking finance company, plans to sale stake in 16 companies across the sectors, including, iron and steel, granite, hotels, food and electronics.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377022Thu, 19 Nov 2009 19:25:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377022http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/4nz4eLMMfLY/storypage_c.phpThe finance minister Prafulla Chandra Ghadai today presented the first supplementary demand for grants of Rs 2799.59 crore for 2009-10 in the state assembly. It includes Rs 1230.87 crore outlay in the non-plan sector and Rs 1321.66 crore outlay in the plan sector.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=376979Thu, 19 Nov 2009 19:23:55 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=376979http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/H9IYzMWgXFc/storypage_c.phpBrazils latest move to curb capital inflows weighed on the rupee as traders feared similar action from the Indian government.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377020Thu, 19 Nov 2009 19:23:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377020http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/pK2wtIZHw04/storypage_c.phpBrotin Banerjee is happy. He has been able to sell a fourth of the 1,500 apartments of his affordable housing project in Boisar, about 100 km from Mumbai, to people who he describes as belonging to the informal sector. These are buyers, the managing director of Tata Housing explains, who dont have a bank account and, therefore, wouldnt qualify for a bank loan.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377027Thu, 19 Nov 2009 19:23:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377027http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/y3w9aPtWD14/storypage_c.phpOverseas funding is becoming more attractive for Indian companies with the cost of borrowing dollars falling to record lows.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377019Thu, 19 Nov 2009 19:22:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377019http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/MG-WpK3Pv8Q/storypage_c.phpThe top management of the Reserve Bank of India (RBI) will brainstorm for three days, starting this evening, to find ways to deal with the growing manpower challenges that the central bank faces.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377018Thu, 19 Nov 2009 19:20:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377018http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/ov2SgAAOAAc/storypage_c.phpMicrofinance institutions (MFIs) in the country need Rs 2,500 crore equity to meet statutory requirements and expand footprint.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377017Thu, 19 Nov 2009 19:19:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377017http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/XqUYr7TdxNE/storypage_c.phpStandard and Poors (S&P) and Moodys continue to dominate the credit rating industry in terms of global reach and acceptance. Effectively, S&P and Moodys are a duopoly at an international level even though there are many regional and country-specific credit rating agencies (CRAs). Further, Moodys is the only publicly-held company among the larger CRAs and its high profit margins seem to indicate monopoly pricing power.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377026Thu, 19 Nov 2009 19:19:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377026http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/UK__LEibBWo/storypage_c.phpEvery Saturday at 2:00 pm, once the branch has closed for the day, staffers at ICICI Banks 1,500odd branches will assemble for an army-style drill. Over the next two hours or so, they will be drilled by their branch manager on customer service covering everything from how to greet a customer to the necessary follow-up needed when a customer leaves.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377016Thu, 19 Nov 2009 19:18:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377016http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/XPwzuqvonsI/storypage_c.phpIndias largest private sector lender, ICICI Bank, is planning to raise funds for its overseas branches through five-year dollar-denominated senior unsecured notes issued through its Bahrain branch.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=377015Thu, 19 Nov 2009 19:16:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=377015