http://feeds.business-standard.comThe latest news from India's most respected business daily.enBusiness Standard LimitedSun, 22 Nov 2009 01:20:03 GMTNewspapersBS RSS Generator10http://feeds.business-standard.com/images/logo_small.gifhttp://feeds.business-standard.com14428Business Standardhttp://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~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-News/~3/xEkS4VUi90M/storypage_c.phpThe Reserve Bank of Indias proposed guidelines on bank executives' compensation will be extended beyond just CEOs to all senior executives in private and foreign banks, especially those involved in treasury functions.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=376425Fri, 13 Nov 2009 18:48:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=376425http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/SyqNSGGmeeg/storypage_c.phpBank credit fell sharply in the first half of the financial year, but the overall funds flow to the corporate sector was virtually the same as the corresponding period last year.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375790Sun, 08 Nov 2009 19:16:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375790http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/jBThc6H1BX4/storypage_c.phpFor the first time since April 1997, growth in bank credit has dropped to single-digit levels, an indication that demand is yet to pick up. For the year up to October 23, bank credit flow grew by 9.65 per cent. This is the slowest pace of increase since April 25, 1997 when the growth rate was 9.61 per cent.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=375397Wed, 04 Nov 2009 18:43:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=375397http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/sKFc_k17Vlo/storypage_c.phpState Bank of India (SBI), the countrys largest lender, today said that its consolidated net profit rose 28.29 per cent to Rs 3,133.16 crore for the quarter-ended September 30 from Rs 2,458.04 crore in the same quarter of the previous year.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=374950Sat, 31 Oct 2009 19:24:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=374950http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/MqgQwvPITfo/storypage_c.phpBanks base credit card, loan decisions on residential address rather than only borrowers income profile.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=374644Wed, 28 Oct 2009 18:53:15 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=374644http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/01HdVBI0Jd4/storypage_c.phpProfessional forecasters have added to Reserve Bank of India (RBI) Governor Duvvurri Subbaraos dilemma on timing the exit from an accommodative monetary policy stance.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=374405Mon, 26 Oct 2009 18:58:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=374405http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/ET996N5eljk/storypage_c.phpThe 18-month drought is about to end, with several Indian companies and financial institutions planning to tap the foreign bond markets, now that spreads have declined 200 to 300 basis points.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=373405Thu, 15 Oct 2009 18:40:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=373405http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/7KjkCutJG5E/storypage_c.phpThe rupee has gained 3.1 per cent in the past four sessions on expectations that India's high-yielding currency and improving global risk appetite will attract more foreign flows. The currency closed at 46.34 today.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=372713Thu, 08 Oct 2009 19:22:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=372713http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/5PPY_YNHHFA/storypage_c.phpWith interest rates close to bottoming out, Amit Pandey, a young executive with a multinational firm, is looking for a fixed-rate home loan. But he is unable to do so in a market flooded with combo offers.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=372214Sun, 04 Oct 2009 18:34:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=372214http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/f78_G1EBEaE/storypage_c.phpNegotiations between Standard Chartered Bank and the Edinburgh-based Royal Bank of Scotland (RBS) over a proposed sale of the latters assets in India, China and Malaysia to the former have collapsed.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=372048Fri, 02 Oct 2009 18:41:21 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=372048http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/ASbqPEf_Sq0/storypage_c.phpAfter a years lull, foreign currency convertible bonds (FCCBs) are regaining currency. In the past four days, four companies have announced plans to raise $702 million (around Rs 3,370 crore) through FCCBs.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=371331Fri, 25 Sep 2009 19:08:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=371331http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/BFrf3wkVGTk/storypage_c.phpPublic sector player Punjab & Sind Bank (PSB) is drawing up plans to privately place equity shares with institutional investors ahead of an initial public offer next year.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=370859Mon, 21 Sep 2009 18:42:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=370859http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/Ih7HQJeZYiE/storypage_c.phpIn a note sent to the Ministry of Finance, the RBI has stated that the exemption should be granted following the urgency and unique nature of bank mergers, especially forced mergers.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=370748Sun, 20 Sep 2009 18:39:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=370748http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/IordYd4zE6s/storypage_c.phpKey changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=370124Mon, 14 Sep 2009 18:37:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=370124http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/1-g0dmQpEBo/storypage_c.phpThe Foreign Investment Promotion Board (FIPB) has advised 300-odd companies to pay the Reserve Bank of India (RBI) a penalty (known as "compounding") for breaching sectoral limits on foreign direct investment (FDI).http://business-standard.com/common/storypage_c.php?leftnm=10&autono=369413Mon, 07 Sep 2009 19:02:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=369413http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/z949__WYyiY/storypage_c.phpUncertainty on interest rates and competition among banks are forcing lenders to lend for the short term and introduce interest rate reset clauses that kick in as early as three months.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=369293Sun, 06 Sep 2009 18:52:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=369293http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/KOEyr5xlRz0/storypage_c.phpState Bank of India, the countrys largest bank, today said that it is withdrawing its blockbuster 1,000-day deposit scheme that was largely instrumental in helping it mop up over Rs 1,000 crore a day at the height of the global financial crunch late last year.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=369216Sat, 05 Sep 2009 18:32:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=369216http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/m4BjxKnRSjk/storypage_c.phpTo stop financial products from being mis-sold, a government-appointed committee has proposed the phased elimination of upfront commission paid to agents by April 2011. The recommendation covers all retail financial products and affects 3 million agents that are serving 188 million investors.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=368926Wed, 02 Sep 2009 19:12:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=368926http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-News/~3/EQXMarep8sE/storypage_c.phpReplaces three directors who were not in favour of the deal.http://business-standard.com/common/storypage_c.php?leftnm=10&autono=368443Fri, 28 Aug 2009 18:47:00 GMThttp://business-standard.com/common/storypage_c.php?leftnm=10&autono=368443