Hindujas seek RBI nod to raise stake in IndusInd Bank
Kolkata: IndusInd Bank Ltd, one of the new generation private-sector banks in India, has sought the RBI's permission to increase its promoters stake to 40 per cent.

According to Bhaskar Ghose, MD and CEO, IndusInd Bank, the Foreign Investment Promotion Board has already granted its approval for the promoters stake to be raised from present 31.3 per cent to 40 per cent.

The bank has written-off around Rs1,500 crore during last five years and propses to write-off between Rs 100 and Rs150 crore this year to avail tax advantage and aggressively pursue realisation through securitisation and other measures. We will year as well.

IndusInd Bank has a network of 160 outlets, including 69 branches, 11 extension counters and 80 offsite ATMs besides representative offices in London and Dubai and proposes to open offices in the US and some South East Asian countries.
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SBI reviewing interest rates: Purwar
New Delhi: In the face of hike in the repo rate, State Bank of India (SBI) is exploring the possibility of raising deposit and lending rates.

This was stated by A K Purwar, Chairman, SBI told reporters during a banking conference.

The revision of interest rates have emerged after the RBI increased repo rate by 0.25 per cent, which was announced at last month's credit policy, as part of its efforts to combat inflation.
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Yes Bank's Rs200-crore CD programme gets A1+
New Delhi: Yes Bank Ltd's proposed Rs200 crore (Tranche II) 'certificate of deposit' programme has been assigned the highest safety 'A1+' rating by credit rating agency, ICRA.

The rating factored the profile of the bank's shareholders, its adequate capitalisation, and ICRA's expectation that the shareholders would be able to support the capital requirements of the bank in the medium term, the rating agency said in a release.
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