RBI locks horns with FSA over single regulator issue 
New Delhi: The question should India go in for a single integrated regulator for the whole financial sector like the UK or not came into sharp focus at the Ficci seminar on Wednesday. 
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Recapitalise NPA-hit banks to be globally competitive: Kamath 
Mumbai: The non-performing assets of the Indian banking sector at around Rs 110,000 crore (or 12 per cent of total bank credit) is a serious problem, but can be resolved through a joint effort of both the industry and the banks, said ICICI Banks chairman and managing direcotr KV Kamath. 
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Good managers key to foreign bank branches, says FSA 
New Delhi: The Financial Services Authority of the UK feels it is important to choose the correct and the best managers in order to ensure that foreign branches of banks operate properly. 
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Adsul, Dhoot harp on the NPA tune 
Mumbai: At a time when the going is getting increasingly tough for a cross-section of corporates as far as the defaults on their loans are concerned, the last thing they want are constant reminders of their dues to the banks. 
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New HSBC facility to reduce risks in cross-currency deals
Mumbai: The Hongkong and Shanghai Banking Corporation Ltd (HSBC) yesterday announced a new service in India that will help mitigate risk in cross-currency trading operations. 
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Hudco snips rates 50-100 basis points
New Delhi: The Government-owned housing finance company, Hudco's individual housing loan division, Hudco Niwas, has followed several other players in the segment in reducing the interest on loans, for both fixed and floating. 
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Piggybacking on consumer goods
Mumbai: Insurance companies are teaming up with smaller players in the FMCG sector where the former gets to make inroads into untapped markets and the latter builds brand equity. 
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10 pc cap on bank voting rights may go
Mumbai: The Deputy Governor of RBI, G.P. Muniappan, said since foreign direct investment in the banking sector was now allowed up to 49 per cent, it did not make sense to keep the voting rights at a maximum of 10 per cent. 
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RBI asks Global Trust Bank to cut dividend to 5 pc
Mumbai: In what can be termed as a `significant and unpleasant' development in the eight years of its existence, Global Trust Bank (GTB), the Hyderabad-based private sector bank, has decided to slash the dividend by 50 per cent for the year ended March 2002.
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`Scope for banks to cut lending rates further'
New Delhi: The Union Minister of State for Finance, Anand Rao Adsul, has said there is scope for banks to cut their lending rates further.
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ING group stake in Vysya Bank up at 43.99 pc
Mumbai: The equity stake of ING group in the Bangalore-based Vysya Bank Ltd has increased to 43.99 per cent following the conclusion of the deal for acquiring 23.99 per cent. The total consideration for the transaction is Rs 340 crore. 
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Cheer up borrowers! banks, FIs may no longer bully you 
A range of obligations to be placed on banks and financial institutions would make it difficult for them to wriggle out of their commitments, barrage unsuspecting borrowers with fine-print without having educated them about it or shrug off the responsibility for environmentally-sensitive financing. 
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HC declines dstay on NPA ordinance, but admits petition 
New Delhi: The Delhi High Court on Wednesday declined to stay the Securitisation and Recons-truction of Financial Assets and Enforcement of Security Interest (Second) Ordinance, 2002 promulgated by the Centre to deal with whopping Rs 1,00,000 crore non performing assets of banks and financial institutions but admitted a petition challenging its validity.
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