IndusInd Bank now holds 3.75% in UWB
Mumbai: IndusInd Bank has ended up owning 3.75 per cent equity stake in United Western Bank. IndusInd Bank recently came to hold this stake, after it invoked the pledge on UWB shares, which were deposited as collateral by a major shareholder group in UWB. 
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Indian banks wage battle against UK regulators unwritten norms
Mumbai: Indian banks are battling with a set of grim and unwritten norms imposed by United Kingdom's Financial Services Authority. The FSA's opaque norms and discrimination against banks from emerging economies have sparked a debate that can snowball into a tricky diplomatic issue this year. 
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Will retail help beat the economic downturn? 
Mumbai: In the wake of a slowdown in corporate credit off-take and treasury operations unlikely to generate the kind of profits it did last year, all banks are still talking about growth in bottomlines. How do they expect to do this? The answer is consumer banking. 
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Surfing the trading platform wave to win 
Mumbai: There is a new wave of transformation that is taking place in the countrys forex market. Traditional forex brokers who were finding the going tough are getting tech-savvy and gearing up to enter an area which will give them added income apart from their broking business. 
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PDs: making sense of the writing on the wall 
Mumbai: A closer reading of the Reserve Bank of Indias Annual Report for 2001-02 shows that primary dealers are slowly, but surely realising the fact that undue reliance on call borrowings to run their books is not a good thing after all. 
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Forex reserves: Use and misuse
In the late 1980s, when India's foreign exchange reserves were averaging close to $5.5 billion, a figure reckoned to be relatively comfortable in those days, the Reserve Bank of India decided to park part of the reserves as deposits with Indian banks abroad. 
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Repayment norms for loans, deposits relaxed
New Delhi: The Finance Ministry has relaxed norms on the mode of repayment of deposits or loans for a host of entities including individuals. Entities having cash credit accounts or bill accounts can now make repayments of their credit facilities in cash instead of a cheque or draft. 
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Fiscal worries dampen bond market
Mumbai: Bond markets remained subdued during the week with yields remaining flat as traders being concerned over the disinvestment delays. Traders said here that the delays in the sell-off of two of the big petroleum majors and Nalco had triggered fiscal worries. 
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Bank staff strike on Oct 1
Kolkata: Banking operations in Delhi, Mumbai, Kolkata and Chennai will be hit on October 1 as bank employees have decided to go on a strike protesting the "unjustified'' closure of the Bank of Tokyo's Kolkata branch in August without serving notice. 
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Old Mutual: Model for insurance cos
New Delhi: At a time when social obligations are seen as a drain on resources, insurance companies in India can learn lessons from South Africa's largest insurer, Old Mutual Life Assurance South Africa which has, for years managed to make profits by insuring underprivileged people. 
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LIC's policies under the lens
New Delhi: The government is anxious to ensure that nothing goes wrong with the Life Insurance Corporation the only financial institution untouched by the crises that have engulfed others. 
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NBFCs: stringent norms for deposit mobilisation on cards 
Mumbai: The Reserve Bank of India on Sunday assured the visiting parliamentary standing commitee on finance that its advertisements cautioning the functioning of nonbanking financial companies ould henceforth also carry the message that deposits with NBFCs are not covered by Deposits, Insurance and Credit Guarantee Corporation. 
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