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Lloyds reaches $370 million settlement with US, UK on Libor
Mon, Jul 28 2014. 07 39 PM

Lloyds reaches $370 million settlement with US, UK on Libor

Firm attempted to manipulate the Libor at times successfully, says Commodity Futures Trading Commission
What PFRDA regulations mean for NPS
Mon, Jul 28 2014. 06 50 PM

What PFRDA regulations mean for NPS

The pension fund regulator is contemplating on giving pension fund managers permanent licences
No retrospective tax on debt funds, says Arun Jaitley
Mon, Jul 28 2014. 05 49 PM

No retrospective tax on debt funds, says Arun Jaitley

Debt funds between 1 April and 10 July will attract long-term capital gains of 10% if they are held for more than a year
Alan ‘Ace’ Greenberg, who remade Bear Stearns, dies at 86
Sun, Jul 27 2014. 06 24 PM

Alan ‘Ace’ Greenberg, who remade Bear Stearns, dies at 86

Greenberg took over Bear Stearns in 1978 with $46 mn in capital and transformed it into a $1.8 bn firm by 1993
HDFC, Birla Sun, Reliance Life top unfair insurance business chart
Sun, Jul 27 2014. 04 47 PM

HDFC, Birla Sun, Reliance Life top unfair insurance business chart

Insurance regulator Irda’s data show 10,819 complaints were filed by consumers against HDFC Standard Life from 1 April to 20 July
Central Bank to sell 4% stake to LIC for Rs581 crore
Sun, Jul 27 2014. 03 57 PM

Central Bank to sell 4% stake to LIC for Rs581 crore

The bank will receive funds through private placement of shares and the deal will bring down govt holding to 84% from the current 88%
Exim Bank wants RBI to raise its leverage ratio by 50%
Sun, Jul 27 2014. 12 56 PM

Exim Bank wants RBI to raise its leverage ratio by 50%

The Export-Import Bank is currently allowed to leverage up to 10 times its net-owned funds
Asset quality remains a concern for state-run banks in Q1
Sat, Jul 26 2014. 12 50 AM

Asset quality remains a concern for state-run banks in Q1

PNB says net profit in the June quarter rose 10.2% year-on-year while gross NPAs rose to 5.48% from 5.25% in the March quarter
RBI fines 12 banks Rs1.5 crore after scrutiny of Deccan Chronicle account
Fri, Jul 25 2014. 11 54 PM

RBI fines 12 banks Rs1.5 crore after scrutiny of Deccan Chronicle account

ICICI Bank was fined the highest at Rs.40 lakh, while IDBI Bank and Axis Bank were both fined Rs.15 lakh each
RBI says banks not allowed to trade in bonds for infra lending
Fri, Jul 25 2014. 01 38 PM

RBI says banks not allowed to trade in bonds for infra lending

Restriction on cross-holding applies to trading also, says RBI deputy governor R. Gandhi
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