| Business Standard | Banking & Finance | All |
| New lenders emerge for low-income housing National Housing Bank starts special drive for sub-Rs 10lakh housing segment. |
| Indian Bank may sell Rs 900-cr bad loans to ARC State-owned Indian Bank plans to sell assets worth Rs 900 crore to an asset reconstruction company (ARC). The bank said it would soon call for an expression of interest (EoI). |
| MFI Growth slows down South, but rises in East Growth of micro finance institutions (MFIs) have witnessed a declining trend in the southern region of the country with emergence of eastern states as the fastest growing region in the last fiscal. |
| LIC sees 15% premium growth in Vizag division The Visakhapatnam division of Life Insurance Corporation of India (LIC) is expecting a 15 per cent growth in first premium collection this financial year. |
| Satyajit Das: European delusions of stability Pre-summer debt concerns of Greece, Spain and Portugal have receded. Market volatility and angst have eased. As markets return after the summer break and normal activity resumes, caution is the watchword. |
| Money magician Madhusudan Kela knows a thing or two about making money. Hes gone from cycling 30 km to attend college in a small town of Chhattisgarh to settling back in his Mercedes-Benz 320 on the drive to his multi-crore apartments in south Mumbai. And thats all in the space of the last two decades or so. |
| State Bank of Patiala rolls out seven new branches in Punjab State Bank of Patiala, a public sector bank with headquarters in Patiala, opened seven brick & mortar branches in its Bathinda and Jalandhar zones to reach out rural pockets of Punjab. The new branches are located in the districts of Ludhiana, Jalandhar, Hoshiarpur and Amritsar. |
| ED declines to interview for job of RBI dy governor The appointment of a deputy governor to the countrys central bank has always been surrounded by controversy. And this time is no exception. One of the Reserve Bank of India (RBI) executive directors, C Krishnan, who was called to an interview for the post, has declined to appear before the search committee. |
| LIC to assess brokers, restructure orders Move may lead to a fall in the number of empanelled brokerages. |
| LIC growing by 125% in UP, Uttarakhand Public sector insurance giant Life Insurance Corporation (LIC) is growing by almost 125 per cent in Uttar Pradesh and Uttarakhand in the current finacial year. |
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