Bihar to put pressure on banks for giving farm loan: Modi

Bihar Deputy CM Sushil Kumar Modi, who holds the additional charge of Finance, said the state government would exert pressure on the banks for according priority for sanctioning and disbursing loans to farmers and entrepreneurs.

China becoming the Pacific`s `banker`: Thinktank

China is boosting its influence in the Pacific through a secretive foreign aid programme offering "soft loans" that many nations will struggle to repay, a foreign policy thinktank said today.

Factory workers in Haryana to get wages through banks

The Haryana government on Monday ordered factories and industries in the state to pay
wages to labourers through banks to avoid irregularities.

WikiLeaks founder `enjoys` making banks squirm

Julian Assange said US government was incapable of taking his website down.

2G scam: CBI registers PE to probe role of banks

The CBI has registered a preliminary enquiry to probe the role of certain public sector banks for providing loans to certain companies who were allocated the 2G Spectrum in 2007-08 including Uninor and STel.

Iran wants banks in Muslim countries to avert sanctions: US

The West fears Iran is secretly trying to build a nuclear bomb.

`Banks, intel services can disrupt Qaeda funds`

Banks and intelligence services can pool information to deter and destroy al Qaeda`s sources of fund raising.

Banks not to immediately hike interest rates

Borrowers can breathe easy as bankers Tuesday said an immediate hike in lending rates is unlikely.

CMD, 2 directors of listed firm arrested for cheating banks

CBI has arrested the Chairman and
two directors of a listed company in Ahmedabad for allegedly
defrauding Andhra Bank of around 21 crore by submitting fake
and forged documents.

Gold recovered from LTTE deposited in banks: Basil

Amid charges by opposition that large amount of gold seized from LTTE rebels have not been accounted for, Sri Lankan government has said all the money and gold recovered from the Tamil Tigers have been deposited in various banks.

CERT-In to look into cyber attacks affecting I-T dept, banks

The government`s top cyber security
arm has initiated a probe into complaints of I-T department,
banks and other financial bodies who have reported a spurt in
cyber attacks and fake mails, which was affecting their

Switzerland to stop undeclared funds into its banks

Switzerland on Thursday said it will prevent the flow of undeclared funds into the Swiss banks.

China faces risks from bank lending surge: OECD

Surging bank lending could threaten the stability of financial institutions in fast-growing China, the OECD said on Tuesday in a report that urged more market reforms to help reduce such risks.

Banks reluctant to forgo homeloan prepayment fee

Banks expressed concern over the competition commission`s intervention on homeloan prepayment penalty.

China leans on banks to curb lending

Chinese banking authorities have instructed some major banks to curb their lending over the rest of this month, official media and banking sources said on Wednesday.

IIFCL ties up for USD 2.4-bn WB, ADB loans

World Bank and Asian Development Bank have agreed to shortly extend USD 2.4 billion (around Rs 12,000 crore) to the state-owned India Infrastructure Finance Company to fund various projects.

Obama chides banks` audacity for fighting fee

President Barack Obama Saturday slammed Wall Street`s "audacity" for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks.

JPMorgan loan losses overshadow higher Q4 profit

JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.

Banks for lower savings rates; relaxed provisioning norms

Bankers told the RBI that they may not achieve the 18 per cent loan growth target for FY10rates and relaxation in infrastructure lending norms.

Concerns eases on restructured loans of Indian banks: Fitch

Global rating agency Fitch on Tuesday said economic recovery has eased concerns on restructured loans of Indian banks.