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    <title><![CDATA[Banking & Finance -> News Now]]></title>
    <link>http://www.business-standard.com/</link>
    <description>The latest news from India's most respected business daily.</description>
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      <title><![CDATA[Rupee up 16 paise at 54.95/dollar in early trade]]></title>
      <description><![CDATA[The rupee today strengthened by 16 paise to trade at 54.95 against the dollar at the Interbank Foreign Exchange on selling of the US currency by exporters.]]></description>
      <link>http://www.business-standard.com/india/news/rupee16-paise-at-5495dollar-in-early-trade/247802/on</link>
      <pubDate>Tue, 21 May 2013 10:26:00 +0530</pubDate>
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      <title><![CDATA[Re drops to nearly five-month low vs $]]></title>
      <description><![CDATA[The rupee closed at a nearly five-month low of Rs 55.11 on sustained dollar demand from oil importers and concern over possible rating downgrade by S&amp;P.]]></description>
      <link>http://www.business-standard.com/india/news/re-drops-to-nearly-five-month-low-vs-/246575/on</link>
      <pubDate>Mon, 20 May 2013 23:56:00 +0530</pubDate>
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      <title><![CDATA[Entering banking will help us service clients better Vikram Limaye]]></title>
      <description><![CDATA[&nbsp;IDFC Ltd, which revamped itself by forming a whole new management team eight years ago, is changing course with the infrastructure sector now facing several headwinds.]]></description>
      <link>http://www.business-standard.com/india/news/entering-banking-will-help-us-service-clients-better-vikram-limaye/246867/on</link>
      <pubDate>Mon, 20 May 2013 23:53:00 +0530</pubDate>
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      <title><![CDATA[RBI open to using CPI for providing inflation protection in Inflation Indexed Bonds]]></title>
      <description><![CDATA[The Reserve Bank of India (RBI) is open to the idea of using the Consumer Price Index (CPI) inflation for providing inflation protection in Inflation Indexed Bonds (IIBs).]]></description>
      <link>http://www.business-standard.com/india/news/rbi-open-to-using-cpi-for-providing-inflation-protection-in-inflation-indexed-bonds/247307/on</link>
      <pubDate>Mon, 20 May 2013 19:12:00 +0530</pubDate>
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    <item>
      <title><![CDATA[PSBs expected to raise Rs 9.60 lakh cr in 10yrs Report]]></title>
      <description><![CDATA[Public sector banks (PSB) are estimated to raise Rs 9.60 lakh crore in 10 years period ending March 2021 assuming loan growth of 20%, said a report by consultancy firm KPMG.]]></description>
      <link>http://www.business-standard.com/india/news/psbs-expected-to-raise-rs-960-lakh-cr-in-10yrs-report/247247/on</link>
      <pubDate>Mon, 20 May 2013 18:35:00 +0530</pubDate>
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      <title><![CDATA[PSU banks overdue rate at 60% in Odisha]]></title>
      <description><![CDATA[The overdue position of public sector banks in Odisha has climbed to 59.78% by the end of March this year, against 45.90% (as on March 31, 2010) on tepid recovery of funds from government sponsored schemes.]]></description>
      <link>http://www.business-standard.com/india/news/psu-banks-overdue-rate-at-60-in-odisha/247215/on</link>
      <pubDate>Mon, 20 May 2013 18:11:00 +0530</pubDate>
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      <title><![CDATA[City Union Bank to expand branch and ATM network]]></title>
      <description><![CDATA[Private sector City Union Bank plans to open around 80 branches and add more automated teller machines (ATM) this year, a top official said Monday.]]></description>
      <link>http://www.business-standard.com/india/news/city-union-bank-to-expand-branchatm-network/247036/on</link>
      <pubDate>Mon, 20 May 2013 15:59:00 +0530</pubDate>
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      <title><![CDATA[Expect some correction in fixed income this week Mahendra Jajoo]]></title>
      <description><![CDATA[It turned out to be yet another high octane week for the fixed income products.]]></description>
      <link>http://www.business-standard.com/india/news/expect-some-correction-in-fixed-income-this-week-mahendra-jajoo/246530/on</link>
      <pubDate>Mon, 20 May 2013 08:51:00 +0530</pubDate>
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      <title><![CDATA[RBI likely to cut policy rates at its June 17 meeting]]></title>
      <description><![CDATA[Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-likely-to-cut-policy-rates-at-its-june-17-meeting/246039/on</link>
      <pubDate>Sun, 19 May 2013 14:48:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Cobrapost | RBI moots review of all bank licences]]></title>
      <description><![CDATA[The Reserve Bank of India has proposed review of all banking licences from the fit and proper&rsquo; angle following the allegations made by Cobrapost.]]></description>
      <link>http://www.business-standard.com/india/news/cobrapost-|-rbi-moots-reviewall-bank-licences/245873/on</link>
      <pubDate>Sun, 19 May 2013 11:41:00 +0530</pubDate>
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      <title><![CDATA[Crisis at Amanath Co-operative Bank escalates]]></title>
      <description><![CDATA[The crisis at Bangalore-headquartered Amanath Co-operative Bank is escalating by the day and RBI along with the management of the bank are holding extensive discussions on how the bank can be salvaged.]]></description>
      <link>http://www.business-standard.com/india/news/crisis-at-amanath-co-operative-bank-escalates/245624/on</link>
      <pubDate>Sat, 18 May 2013 20:07:00 +0530</pubDate>
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      <title><![CDATA[HFCs should be regulated by RBI SBI chairman]]></title>
      <description><![CDATA[Housing finance companies (HFC) should also be brought under purview of the Reserve Bank of India (RBI), said State Bank of India (SBI) chairman Pratip Chaudhuri.]]></description>
      <link>http://www.business-standard.com/india/news/hfcs-should-be-regulated-by-rbi-sbi-chairman/245567/on</link>
      <pubDate>Sat, 18 May 2013 18:55:00 +0530</pubDate>
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      <title><![CDATA[HFCs should be regulated by RBI SBI chairman]]></title>
      <description><![CDATA[Housing finance companies (HFC) should also be brought under the purview of the Reserve Bank of India (RBI), said State Bank of India (SBI) chairman Pratip Chaudhuri.]]></description>
      <link>http://www.business-standard.com/india/news/hfcs-should-be-regulated-by-rbi-sbi-chairman/245544/on</link>
      <pubDate>Sat, 18 May 2013 18:31:00 +0530</pubDate>
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      <title><![CDATA[Saradha Group promoter sent to judicial custody till May 31]]></title>
      <description><![CDATA[Rejecting the bail plea of Saradha Group promoter Sudipta Sen and one of his close aides, a local court in West Bengal Saturday remanded them to judicial custody till May 31Sen and a senior official of the company, Arvind Chauhan, were sent to judicial custody by Additional Chief Judicial Magistrate (Bidhannagar) A.]]></description>
      <link>http://www.business-standard.com/india/news/saradha-group-promoter-sent-to-judicial-custody-till-may-31/245446/on</link>
      <pubDate>Sat, 18 May 2013 17:43:00 +0530</pubDate>
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    <item>
      <title><![CDATA[MFIs deny loans to depositors of Saradha, other deposit taking cos]]></title>
      <description><![CDATA[In the aftermath of the Saradha crisis, microfinance institutions have stopped lending to high-value depositors in multi-level marketing (MLM) companies, fearing default in payments.]]></description>
      <link>http://www.business-standard.com/india/news/mfis-deny-loans-to-depositorssaradha-other-deposit-taking-cos/245349/on</link>
      <pubDate>Sat, 18 May 2013 15:08:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Post crisis, Bangladesh MFIs inch closer to Tagore]]></title>
      <description><![CDATA[For millions, Rabindranath Tagore&#39;s literary greatness is still a mystery.]]></description>
      <link>http://www.business-standard.com/india/news/post-\crisis\-bangladesh-mfis-inch-closer-to-tagore/245292/on</link>
      <pubDate>Sat, 18 May 2013 14:10:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Govt bond yields seen falling; rupee may weaken]]></title>
      <description><![CDATA[Chart via ShutterstockThe fall in government bond yields are expected to continue this week due to expectations of a repo rate cut in the mid-quarter review of the monetary policy on June 17 and value buying.]]></description>
      <link>http://www.business-standard.com/india/news/govt-bond-yields-seen-falling-rupee-may-weaken/245275/on</link>
      <pubDate>Sat, 18 May 2013 13:50:00 +0530</pubDate>
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      <title><![CDATA[Forex reserves fall by $616.4 mn to $ 293.69 bn]]></title>
      <description><![CDATA[Foreign exchange reserves were down by $616.4 million to $293.69 billion for the week ending May 10, the Reserve Bank of India (RBI) data showed on Friday.]]></description>
      <link>http://www.business-standard.com/india/news/forex-reserves-fall-by-6164-mn-to29369-bn/244835/on</link>
      <pubDate>Fri, 17 May 2013 20:20:00 +0530</pubDate>
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      <title><![CDATA[Odisha banks miss agri credit target for third year in a row]]></title>
      <description><![CDATA[Commercial banks in Odisha have fallen short of the credit target to the agriculture sector for the third straight year in 2012-13.]]></description>
      <link>http://www.business-standard.com/india/news/odisha-banks-miss-agri-credit-target-for-third-year-inrow/244762/on</link>
      <pubDate>Fri, 17 May 2013 19:37:00 +0530</pubDate>
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    <item>
      <title><![CDATA[FinMin moves on regional rural banks in UP]]></title>
      <description><![CDATA[The Ministry of Finance has notified that two rural banks sponsored by Canara Bank and Bank of India are to be amalgamated into a single regional rural bank.]]></description>
      <link>http://www.business-standard.com/india/news/finmin-movesregional-rural-banks-in-up/244688/on</link>
      <pubDate>Fri, 17 May 2013 18:52:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Clinical trial liability insurance to see sustainable growth]]></title>
      <description><![CDATA[Clinical trial liability insurance segment may see a period of stable and sustained growth, owing to the market expected to become more professional for clinical trials.]]></description>
      <link>http://www.business-standard.com/india/news/clinical-trial-liability-insurance-to-see-sustainable-growth/244670/on</link>
      <pubDate>Fri, 17 May 2013 18:39:00 +0530</pubDate>
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      <title><![CDATA[Casa key for NBFCs to become banks Icra]]></title>
      <description><![CDATA[Rating agency Icra today said that building of low cost current account-saving account (Casa) deposits would be the key to profitability for non banking financial companies (NBFCs) converting into the bank.]]></description>
      <link>http://www.business-standard.com/india/news/casa-key-for-nbfcs-to-become-banks-icra/244613/on</link>
      <pubDate>Fri, 17 May 2013 18:23:00 +0530</pubDate>
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      <title><![CDATA[Foreign investors see Re trade at 55-level against USD]]></title>
      <description><![CDATA[Foreign investors expect the rupee to trade below 55-level against the US dollar in the next six months even as India&#39;s large current account deficit is seen as a major risk.]]></description>
      <link>http://www.business-standard.com/india/news/foreign-investors-see-re-trade-at-55-level-against-usd/244559/on</link>
      <pubDate>Fri, 17 May 2013 17:45:00 +0530</pubDate>
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      <title><![CDATA[Rupee down 21 paise at 54.98/dollar in early trade]]></title>
      <description><![CDATA[The rupee today lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-down-21-paise-at-5498dollar-in-early-trade/243940/on</link>
      <pubDate>Fri, 17 May 2013 09:55:00 +0530</pubDate>
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      <title><![CDATA[OBC cuts fixed deposit rates by up to 1%]]></title>
      <description><![CDATA[Image via ShutterstockState-owned Oriental Bank of Commerce (OBC) today slashed fixed deposit rates by up to 1% on select maturities.]]></description>
      <link>http://www.business-standard.com/india/news/obc-cuts-fixed-deposit-rates-byto-1/243680/on</link>
      <pubDate>Thu, 16 May 2013 20:58:00 +0530</pubDate>
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      <title><![CDATA[ICICI Bank repatriates Canadian $75 mn from Canada arm]]></title>
      <description><![CDATA[ICICI Bank &ndash; the largest private sector lender of the country &ndash; has repatriated Canadian $75 million from its subsidiary in Canada, the bank said today.]]></description>
      <link>http://www.business-standard.com/india/news/icici-bank-repatriates-canadian-75-mncanada-arm/243649/on</link>
      <pubDate>Thu, 16 May 2013 20:31:00 +0530</pubDate>
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      <title><![CDATA[Central Bank to shed high cost deposits worth Rs 16,000 cr in Q1]]></title>
      <description><![CDATA[Public sector lender Central Bank of India plans to re-price high cost bulk deposits worth Rs 16,000 crore in the first quarter to bring down cost of funds.]]></description>
      <link>http://www.business-standard.com/india/news/central-bank-to-shed-high-cost-deposits-worth-rs-16000-cr-in-q1/243478/on</link>
      <pubDate>Thu, 16 May 2013 18:41:00 +0530</pubDate>
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      <title><![CDATA[Yield on new 10-year government bond expected at 7.25%]]></title>
      <description><![CDATA[The yield on the 10-year benchmark government bond is expected to fall further from current levels when it gets replaced by a new 10-year benchmark government bond this Friday.]]></description>
      <link>http://www.business-standard.com/india/news/yieldnew-10-year-government-bond-expected-at-725/243472/on</link>
      <pubDate>Thu, 16 May 2013 18:29:00 +0530</pubDate>
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      <title><![CDATA[Action against ICICI, HDFC &amp; Axis Bank after they reply to show-cause notice]]></title>
      <description><![CDATA[Finance ministry today reasserted that action on top three private banks that were named in Cobrapost&#39;s first &#39;sting&#39; report&nbsp; would be taken once they reply to show cause notices sent by the Reserve Bank of India.]]></description>
      <link>http://www.business-standard.com/india/news/action-against-icici-hdfcaxis-bank-after-they-reply-to-show-cause-notice/242747/on</link>
      <pubDate>Thu, 16 May 2013 11:34:00 +0530</pubDate>
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      <title><![CDATA[Rupee up by 10 paise at 54.68/dollar in early trade]]></title>
      <description><![CDATA[The rupee today rose by 10 paise to 54.68 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.]]></description>
      <link>http://www.business-standard.com/india/news/rupeeby-10-paise-at-5468dollar-in-early-trade/242637/on</link>
      <pubDate>Thu, 16 May 2013 10:10:00 +0530</pubDate>
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      <title><![CDATA[Bankers fail to find way out of Maheshwar project logjam]]></title>
      <description><![CDATA[Bankers today failed to find the way out of their troubled exposure to stalled Maheshwar Hydel Power Project in Madhya Pradesh but they hinted that they might offer corporate debt restructuring (CDR) package for the project.]]></description>
      <link>http://www.business-standard.com/india/news/bankers-fail-to-find-way-outmaheshwar-project-logjam/242427/on</link>
      <pubDate>Wed, 15 May 2013 21:33:00 +0530</pubDate>
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      <title><![CDATA[Deposit growth a challenge, credit growth in line with projection]]></title>
      <description><![CDATA[Deposit growth continues to be lower for the Indian banks with loans in system growing in line with projection, Reserve Bank of India (RBI) data showed.]]></description>
      <link>http://www.business-standard.com/india/news/deposit-growthchallenge-credit-growth-in-lineprojection/242378/on</link>
      <pubDate>Wed, 15 May 2013 20:59:00 +0530</pubDate>
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      <title><![CDATA[BS Poll RBI may not cut repo rate further next month]]></title>
      <description><![CDATA[Despite the easing inflation numbers, the Reserve Bank of India (RBI) may not cut the repo rate further in the mid-quarter review of the monetary policy on June 17.]]></description>
      <link>http://www.business-standard.com/india/news/bs-poll-rbi-may-not-cut-repo-rate-further-next-month/241990/on</link>
      <pubDate>Wed, 15 May 2013 18:06:00 +0530</pubDate>
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      <title><![CDATA[Rupee up 12 paise at 54.69 in late morning trade]]></title>
      <description><![CDATA[The rupee today recovered by 12 paise to 54.69 against the dollar in late morning deals on selling of the US currency by exporters and banks, amid persistent capital inflows by foreign funds.]]></description>
      <link>http://www.business-standard.com/india/news/rupee12-paise-at-5469-in-late-morning-trade/241295/on</link>
      <pubDate>Wed, 15 May 2013 11:48:00 +0530</pubDate>
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      <title><![CDATA[Bond yields dip sharply; fuel hopes of further monetary easing]]></title>
      <description><![CDATA[A big drop in wholesale price inflation triggered sharp fall in yield on bonds across the tenure, fuelling hope for further 25 basis point cut in the repo rate in June.]]></description>
      <link>http://www.business-standard.com/india/news/bond-yields-dip-sharply-fuel-hopesfurther-monetary-easing/240206/on</link>
      <pubDate>Tue, 14 May 2013 18:48:00 +0530</pubDate>
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      <title><![CDATA[50 bps rate cut possible if monsoon is good, inflation falls further Ashima Goyal]]></title>
      <description><![CDATA[Ashima Goyal, RBI&#39;s technical advisory committee memberAshima Goyal, one of the external members of the Technical Advisory Committee (TAC) of Reserve Bank of India (RBI) and professor of economics at the Indira Gandhi Institute for Development Research says: if RBI expects growth to be low, that will lead easing of policy rates.]]></description>
      <link>http://www.business-standard.com/india/news/50-bps-rate-cut-possible-if-monsoon-is-good-inflation-falls-further-ashima-goyal/240633/on</link>
      <pubDate>Tue, 14 May 2013 17:12:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Mayaram sees room for easing of rate by RBI to push growth]]></title>
      <description><![CDATA[Arvind MayaramEncouraged by the declining trend in inflation, the Finance Ministry today made a case for further rate cut by the Reserve Bank to boost sagging growth.]]></description>
      <link>http://www.business-standard.com/india/news/mayaram-sees-room-for-easingrate-by-rbi-to-push-growth/240371/on</link>
      <pubDate>Tue, 14 May 2013 15:37:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/mayaram-sees-room-for-easingrate-by-rbi-to-push-growth/240371/on</guid>
    </item>
    <item>
      <title><![CDATA[Dont staple note packets, issue only clean notes RBI to banks]]></title>
      <description><![CDATA[The Reserve Bank has directed banks to do away with stapling of note packets and issue only clean currency notes to the public.]]></description>
      <link>http://www.business-standard.com/india/news/don\t-staple-note-packets-issue-only-clean-notes-rbi-to-banks/240353/on</link>
      <pubDate>Tue, 14 May 2013 15:26:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/don\t-staple-note-packets-issue-only-clean-notes-rbi-to-banks/240353/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee down 8 paise at 54.81/dollar in early trade]]></title>
      <description><![CDATA[The rupee today lost eight paise to 54.81 against the dollar in early trade on the Interbank Foreign Exchange market due to higher demand of the US currency from banks and importers.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-down-8-paise-at-5481dollar-in-early-trade/239993/on</link>
      <pubDate>Tue, 14 May 2013 09:54:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-down-8-paise-at-5481dollar-in-early-trade/239993/on</guid>
    </item>
    <item>
      <title><![CDATA[RBI probe upholds Cobrapost charges on 3 private banks]]></title>
      <description><![CDATA[A confidential report prepared by Reserve Bank of India (RBI) on the Cobrapost expos&eacute; in March on HDFC Bank, Axis Bank and ICICI Bank has shown violations of regulatory norms.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-probe-upholds-cobrapost-charges3-private-banks/239773/on</link>
      <pubDate>Tue, 14 May 2013 00:31:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-probe-upholds-cobrapost-charges3-private-banks/239773/on</guid>
    </item>
    <item>
      <title><![CDATA[BoI, BoB post lower Q4 net on higher provisions for bad loans, investments]]></title>
      <description><![CDATA[Two public sector lender&rsquo;s &ndash; Bank of Baroda (BoB)&nbsp; and Bank of India (BoI) &ndash; posted a drop in net profit for fourth quarter ended March 2013 due to rise in provisions for stressed loans and depreciation in value of investments.]]></description>
      <link>http://www.business-standard.com/india/news/boi-bob-post-lower-q4-nethigher-provisions-for-bad-loans-investments/239132/on</link>
      <pubDate>Mon, 13 May 2013 20:20:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/boi-bob-post-lower-q4-nethigher-provisions-for-bad-loans-investments/239132/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee recovers after touching 2-mth lows, ends 7 p up at 54.73]]></title>
      <description><![CDATA[Currency image via ShutterstockAfter falling to over two-month low levels in early trade, the rupee today closed seven paise higher at 54.73 against the US dollar on fresh selling of the American currency by exporters and moderate FII inflows.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-recovers-after-touching-2-mth-lows-ends-7-pat-5473/239511/on</link>
      <pubDate>Mon, 13 May 2013 18:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-recovers-after-touching-2-mth-lows-ends-7-pat-5473/239511/on</guid>
    </item>
    <item>
      <title><![CDATA[Gold imports jump to $ 7.5 bn in April]]></title>
      <description><![CDATA[Gold image via ShutterstockGold imports jumped by 138% to $7.5 billion in April, the highest so far this year, pushing up the trade deficit to $17.7 billion and may worsen the current account deficit this fiscal.]]></description>
      <link>http://www.business-standard.com/india/news/gold-imports-jump-to75-bn-in-april/239414/on</link>
      <pubDate>Mon, 13 May 2013 17:28:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/gold-imports-jump-to75-bn-in-april/239414/on</guid>
    </item>
    <item>
      <title><![CDATA[RBI puts restrictions on gold imports by banks]]></title>
      <description><![CDATA[With gold imports putting pressure on the current account deficit, the Reserve Bank today imposed restrictions on import of the yellow metal by banks.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-puts-restrictionsgold-imports-by-banks/239232/on</link>
      <pubDate>Mon, 13 May 2013 15:46:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-puts-restrictionsgold-imports-by-banks/239232/on</guid>
    </item>
    <item>
      <title><![CDATA[Huge gold shopping spree new headache for RBI]]></title>
      <description><![CDATA[A 138% jump in gold imports in April heightened worries about India&#39;s current account deficit, offsetting any comfort policymakers took from slowing inflation and limiting space for monetary easing to help revive a moribund economy.]]></description>
      <link>http://www.business-standard.com/india/news/huge-gold-shopping-spree-new-headache-for-rbi/239098/on</link>
      <pubDate>Mon, 13 May 2013 14:14:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/huge-gold-shopping-spree-new-headache-for-rbi/239098/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee near two-month lows; weak shares hurt]]></title>
      <description><![CDATA[The rupee traded weaker at 54.94/95 versus its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-near-two-month-lows-weak-shares-hurt/238817/on</link>
      <pubDate>Mon, 13 May 2013 13:38:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-near-two-month-lows-weak-shares-hurt/238817/on</guid>
    </item>
    <item>
      <title><![CDATA[Bank of Baroda net falls 32% to Rs 1,029 crore]]></title>
      <description><![CDATA[State-owned banking and financial services company Bank of Baroda reported a 32% fall in net profit today at Rs 1,028.85 crore during the final quarter ended March 31, 2013 as against Rs 1,518.18 crore reported during the same quarter last year.]]></description>
      <link>http://www.business-standard.com/india/news/bankbaroda-net-falls-32-to-rs-1029-crore/238935/on</link>
      <pubDate>Mon, 13 May 2013 12:04:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bankbaroda-net-falls-32-to-rs-1029-crore/238935/on</guid>
    </item>
    <item>
      <title><![CDATA[Fixed income markets too optimistic Mahendra Jajoo]]></title>
      <description><![CDATA[The new found confidence in the debt market was on full display last week.]]></description>
      <link>http://www.business-standard.com/india/news/fixed-income-markets-too-optimistic-mahendra-jajoo/238799/on</link>
      <pubDate>Mon, 13 May 2013 09:09:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/fixed-income-markets-too-optimistic-mahendra-jajoo/238799/on</guid>
    </item>
    <item>
      <title><![CDATA[Canara Bank to raise up to $1 bn this month from overseas mkt]]></title>
      <description><![CDATA[State-owned Canara Bank plans to raise up to $1 billion (about Rs 5,487 crore) through bonds this month from the overseas market to fund global business expansion.]]></description>
      <link>http://www.business-standard.com/india/news/canara-bank-to-raiseto-1-bn-this-monthoverseas-mkt/238216/on</link>
      <pubDate>Sun, 12 May 2013 11:41:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/canara-bank-to-raiseto-1-bn-this-monthoverseas-mkt/238216/on</guid>
    </item>
    <item>
      <title><![CDATA[Re may stabilise back to 54 mark in short-term experts]]></title>
      <description><![CDATA[The declining trend in rupee is expected to be short-lived and is likely to be seen stabilising towards the 54 mark against the US dollar soon, say experts.]]></description>
      <link>http://www.business-standard.com/india/news/re-may-stabilise-back-to-54-mark-in-short-term-experts/238198/on</link>
      <pubDate>Sun, 12 May 2013 11:13:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/re-may-stabilise-back-to-54-mark-in-short-term-experts/238198/on</guid>
    </item>
    <item>
      <title><![CDATA[SIB aims Rs 1 lakh crore business this year]]></title>
      <description><![CDATA[Kerala-based South Indian Bank has set an ambitious business target of Rs 1 lakh crore this year, on the back of its record performance on most fronts in the last financial year.]]></description>
      <link>http://www.business-standard.com/india/news/sib-aims-rs-1-lakh-crore-business-this-year/237770/on</link>
      <pubDate>Sat, 11 May 2013 16:33:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sib-aims-rs-1-lakh-crore-business-this-year/237770/on</guid>
    </item>
    <item>
      <title><![CDATA[Dena Bank Q4 net profit drops 51% to Rs 126 cr]]></title>
      <description><![CDATA[Dena Bank reported a 50.68% drop in net profit for the fourth quarter of the fiscal 2012-13 at Rs 125.67 crore due to higher provisions and contigencies.]]></description>
      <link>http://www.business-standard.com/india/news/dena-bank-q4-net-profit-drops-51-to-rs-126-cr/237748/on</link>
      <pubDate>Sat, 11 May 2013 16:22:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/dena-bank-q4-net-profit-drops-51-to-rs-126-cr/237748/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee slumps to over 1-mnth low at 54.80; down 55 paise Vs USD]]></title>
      <description><![CDATA[Coin image via ShutterstockThe rupee today tanked by a massive 55 paise to close at over one-month low of 54.80 on dollar strengthening in global markets tracking favourable US job data and oil-related forex payments by Indian refiners.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-slumps-to-over-1-mnth-low-at-5480-down-55-paise-vs-usd/236989/on</link>
      <pubDate>Fri, 10 May 2013 18:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-slumps-to-over-1-mnth-low-at-5480-down-55-paise-vs-usd/236989/on</guid>
    </item>
    <item>
      <title><![CDATA[LIC s entry into common TPA still undecided]]></title>
      <description><![CDATA[The common Third Party Administrators (TPA) that would be operational from January 1, 2014 will see the four public general insurers, New India Assurance, Oriental Insurance, National Insurance and United India Insurance and reinsurer General Insurance Corporation of India (GIC) as stakeholders.]]></description>
      <link>http://www.business-standard.com/india/news/lic-\s-entry-into-common-tpa-still-undecided/236882/on</link>
      <pubDate>Fri, 10 May 2013 18:46:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/lic-\s-entry-into-common-tpa-still-undecided/236882/on</guid>
    </item>
    <item>
      <title><![CDATA[IDBI Bank cuts retail deposit rates in select buckets]]></title>
      <description><![CDATA[IDBI Bank has reduced the retail term deposit rates (i.]]></description>
      <link>http://www.business-standard.com/india/news/idbi-bank-cuts-retail-deposit-rates-in-select-buckets/236397/on</link>
      <pubDate>Fri, 10 May 2013 12:27:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/idbi-bank-cuts-retail-deposit-rates-in-select-buckets/236397/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee trims initial losses vs dollar, still down 22 paise]]></title>
      <description><![CDATA[The rupee trimmed its initial weakness today but was still down by 22 paise to 54.47 per dollar on heavy demand of the US currency from banks and importers as it was strong overseas despite good capital inflows into equities.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-trims-initial-losses-vs-dollar-still-down-22-paise/236345/on</link>
      <pubDate>Fri, 10 May 2013 11:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-trims-initial-losses-vs-dollar-still-down-22-paise/236345/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee down 32 paise against dollar in early trade]]></title>
      <description><![CDATA[The rupee today lost 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-down-32-paise-against-dollar-in-early-trade/236262/on</link>
      <pubDate>Fri, 10 May 2013 10:00:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-down-32-paise-against-dollar-in-early-trade/236262/on</guid>
    </item>
    <item>
      <title><![CDATA[Growth in home loans drives up demand for credit for SBI]]></title>
      <description><![CDATA[The State Bank of India, the largest public sector bank in India is eyeing the home loan segment as the fastest growing vertical for the credit demand and has kept an ambitious target of 30% growth in home loans this year.]]></description>
      <link>http://www.business-standard.com/india/news/growth-in-home-loans-drivesdemand-for-credit-for-sbi/236054/on</link>
      <pubDate>Thu, 09 May 2013 21:25:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/growth-in-home-loans-drivesdemand-for-credit-for-sbi/236054/on</guid>
    </item>
    <item>
      <title><![CDATA[Bank NPAs likely to be at 4.4% levels this fiscal Fitch]]></title>
      <description><![CDATA[Haslam Photography /Shutterstock.]]></description>
      <link>http://www.business-standard.com/india/news/bank-npas-likely-to-be-at-44-levels-this-fiscal-fitch/236035/on</link>
      <pubDate>Thu, 09 May 2013 21:09:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bank-npas-likely-to-be-at-44-levels-this-fiscal-fitch/236035/on</guid>
    </item>
    <item>
      <title><![CDATA[Number of fraudulent cash withdrawal cases down SBI chief]]></title>
      <description><![CDATA[The number of cases of fraudulent cash withdrawals through ATM card cloning has come down significantly for SBI after the bank took concrete steps, its Chairman Pratip Chaudhuri said today.]]></description>
      <link>http://www.business-standard.com/india/news/numberfraudulent-cash-withdrawal-cases-down-sbi-chief/235995/on</link>
      <pubDate>Thu, 09 May 2013 20:42:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/numberfraudulent-cash-withdrawal-cases-down-sbi-chief/235995/on</guid>
    </item>
    <item>
      <title><![CDATA[PNB chief says probing money laundering charges by Cobrapost]]></title>
      <description><![CDATA[Punjab National Bank Chairman and Managing Director KR Kamath today said the bank will probe the money laundering accusations levelled by online news portal Cobrapost and accordingly take corrective action.]]></description>
      <link>http://www.business-standard.com/india/news/pnb-chief-says-probing-money-laundering-charges-by-cobrapost/235950/on</link>
      <pubDate>Thu, 09 May 2013 19:58:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/pnb-chief-says-probing-money-laundering-charges-by-cobrapost/235950/on</guid>
    </item>
    <item>
      <title><![CDATA[Govt banks profit shrinks on higher NPA provision, rise in cost]]></title>
      <description><![CDATA[Higher provisioning and increase in cost of funds have eaten into the profitability of public sector banks as Punjab National Bank and Indian Bank reported drop in net profit for the quarter ended March while Union Bank of India reported flat growth in the bottomline.]]></description>
      <link>http://www.business-standard.com/india/news/govt-banks\-profit-shrinkshigher-npa-provision-rise-in-cost/235885/on</link>
      <pubDate>Thu, 09 May 2013 19:23:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/govt-banks\-profit-shrinkshigher-npa-provision-rise-in-cost/235885/on</guid>
    </item>
    <item>
      <title><![CDATA[No criminality in Cobrapost findings SBI]]></title>
      <description><![CDATA[Bank officials&#39; advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are &quot;undesirable loose talks&quot; but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said today.]]></description>
      <link>http://www.business-standard.com/india/news/no-criminality-in-cobrapost-findings-sbi/235860/on</link>
      <pubDate>Thu, 09 May 2013 19:15:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/no-criminality-in-cobrapost-findings-sbi/235860/on</guid>
    </item>
    <item>
      <title><![CDATA[SBI projects 16% loan growth for 2013-14 fiscal]]></title>
      <description><![CDATA[Country&#39;s largest lender State Bank of India (SBI) today said it expects to register a lower loan growth rate of 16% for the current fiscal as the demand for advances from the industrial sector is &quot;weak&quot;.]]></description>
      <link>http://www.business-standard.com/india/news/sbi-projects-16-loan-growth-for-2013-14-fiscal/235810/on</link>
      <pubDate>Thu, 09 May 2013 18:45:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sbi-projects-16-loan-growth-for-2013-14-fiscal/235810/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee slips to 1-wk low; down 9paise at 54.25 on dollar demand]]></title>
      <description><![CDATA[Currency image via ShutterstockThe rupee today fell by nine paise to hit a one-week low level of 54.25 against the dollar due to sustained demand for the US currency for oil and gold related payments.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-slips-to-1-wk-low-down-9paise-at-5425dollar-demand/235748/on</link>
      <pubDate>Thu, 09 May 2013 18:25:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-slips-to-1-wk-low-down-9paise-at-5425dollar-demand/235748/on</guid>
    </item>
    <item>
      <title><![CDATA[Cobrapost fallout Indian Bank suspends employee]]></title>
      <description><![CDATA[State-owned Indian Bank today said it has suspended an official who is accused of wrong doings by an online portal in an expose.]]></description>
      <link>http://www.business-standard.com/india/news/cobrapost-fallout-indian-bank-suspends-employee/235730/on</link>
      <pubDate>Thu, 09 May 2013 18:13:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cobrapost-fallout-indian-bank-suspends-employee/235730/on</guid>
    </item>
    <item>
      <title><![CDATA[PNB March-quarter net profit down 21%]]></title>
      <description><![CDATA[PNB&#39;s net profit declined 20.6% at Rs 1,131 crore during the fourth quarter of the current financial year over Rs 1,424 crore as it made higher provisioning for non-performing assets.]]></description>
      <link>http://www.business-standard.com/india/news/pnb-march-quarter-net-profit-down-21/235231/on</link>
      <pubDate>Thu, 09 May 2013 18:03:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/pnb-march-quarter-net-profit-down-21/235231/on</guid>
    </item>
    <item>
      <title><![CDATA[UP unshackles low credit deposit ratio bias]]></title>
      <description><![CDATA[Uttar Pradesh has shot past the 50% Credit Deposit Ratio (CDR) mark owing to robust advances by commercial banks.]]></description>
      <link>http://www.business-standard.com/india/news/up-unshackles-low-credit-deposit-ratio-bias/235657/on</link>
      <pubDate>Thu, 09 May 2013 17:20:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/up-unshackles-low-credit-deposit-ratio-bias/235657/on</guid>
    </item>
    <item>
      <title><![CDATA[Islamic banking not consistent with existing laws RBI]]></title>
      <description><![CDATA[D Subbarao, RBI governorThe Reserve Bank today said Islamic banking is not consistent with current banking laws in India.]]></description>
      <link>http://www.business-standard.com/india/news/islamic-banking-not-consistentexisting-laws-rbi/235614/on</link>
      <pubDate>Thu, 09 May 2013 17:01:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/islamic-banking-not-consistentexisting-laws-rbi/235614/on</guid>
    </item>
    <item>
      <title><![CDATA[Asset quality pressures continue to haunt banks in FY14]]></title>
      <description><![CDATA[Asset quality pressures are expected to continue for banks even in the current fiscal.]]></description>
      <link>http://www.business-standard.com/india/news/asset-quality-pressures-continue-to-haunt-banks-in-fy14/235539/on</link>
      <pubDate>Thu, 09 May 2013 16:02:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/asset-quality-pressures-continue-to-haunt-banks-in-fy14/235539/on</guid>
    </item>
    <item>
      <title><![CDATA[Will conduct OMOs to manage liquidity when required Subbarao]]></title>
      <description><![CDATA[Reserve Bank of India (RBI) today said it will inject liquidity through Open Market Operations (OMOs) to deal with any shortage of cash in the system.]]></description>
      <link>http://www.business-standard.com/india/news/will-conduct-omos-to-manage-liquidity-when-required-subbarao/235531/on</link>
      <pubDate>Thu, 09 May 2013 15:52:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/will-conduct-omos-to-manage-liquidity-when-required-subbarao/235531/on</guid>
    </item>
    <item>
      <title><![CDATA[Action against banks involved in wrongdoing soon RBI]]></title>
      <description><![CDATA[Reserve Bank of India (RBI) today said it has completed investigations against banks following the Cobrapost expose and will take action if they are found guilty of violating prudential banking norms.]]></description>
      <link>http://www.business-standard.com/india/news/action-against-banks-involved-in-wrongdoing-soon-rbi/235501/on</link>
      <pubDate>Thu, 09 May 2013 15:29:00 +0530</pubDate>
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    <item>
      <title><![CDATA[US row a minor regulatory issue, says SBI]]></title>
      <description><![CDATA[The State Bank of India today said it is confident of meeting the regulatory requirements at one of its US arms soon and also that it is working towards appointing more professionals, including banking secrecy executives, as desired by the regulators there.]]></description>
      <link>http://www.business-standard.com/india/news/us-rowminor-regulatory-issue-says-sbi/235459/on</link>
      <pubDate>Thu, 09 May 2013 15:03:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/us-rowminor-regulatory-issue-says-sbi/235459/on</guid>
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    <item>
      <title><![CDATA[ICICI Bank starts offering Money2India.com mobile application]]></title>
      <description><![CDATA[ICICI Bank has started offering Money2India mobile application across smart phones to help Non-Resident Indians (NRIs) track their money transfers to India &ndash; anytime, anywhere, said a press release issued by the bank on Thursday.]]></description>
      <link>http://www.business-standard.com/india/news/icici-bank-starts-offering-money2indiacom-mobile-application/235384/on</link>
      <pubDate>Thu, 09 May 2013 14:13:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/icici-bank-starts-offering-money2indiacom-mobile-application/235384/on</guid>
    </item>
    <item>
      <title><![CDATA[Indian Bank Q4 net down by 15%]]></title>
      <description><![CDATA[Public sector lender Indian Bank has posted a decrease of 15.4% in net profit at Rs 292.12 crore for the quarter ended March 31, 2013, as compared to Rs 345.41 crore for the same period of previous fiscal.]]></description>
      <link>http://www.business-standard.com/india/news/indian-bank-q4-net-down-by-15/235234/on</link>
      <pubDate>Thu, 09 May 2013 12:27:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/indian-bank-q4-net-down-by-15/235234/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee drops by 10 paise, at 54.26/dollar in late morning deals]]></title>
      <description><![CDATA[The rupee fell by 10 paise to 54.26 per dollar in late morning trade today following demand for the US currency from importers despite its weakness overseas.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-drops-by-10-paise-at-5426dollar-in-late-morning-deals/235110/on</link>
      <pubDate>Thu, 09 May 2013 11:30:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Levy cheque return fee only if customers at fault RBI to banks]]></title>
      <description><![CDATA[In order to ensure fair practices in banking services, the Reserve Bank has asked banks to levy cheque return charges only if the customers are at fault.]]></description>
      <link>http://www.business-standard.com/india/news/levy-cheque-return-fee-only-if-customers-at-fault-rbi-to-banks/234924/on</link>
      <pubDate>Wed, 08 May 2013 21:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/levy-cheque-return-fee-only-if-customers-at-fault-rbi-to-banks/234924/on</guid>
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    <item>
      <title><![CDATA[Bank broking arm to be independent accounting unit Irda panel]]></title>
      <description><![CDATA[Banks wishing to become insurance brokers may have to segregate a broking arm, which would be an independent accountable unit.]]></description>
      <link>http://www.business-standard.com/india/news/bank-broking-arm-to-be-independent-accounting-unit-irda-panel/234847/on</link>
      <pubDate>Wed, 08 May 2013 20:38:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bank-broking-arm-to-be-independent-accounting-unit-irda-panel/234847/on</guid>
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    <item>
      <title><![CDATA[Index-linked products may go off the shelf]]></title>
      <description><![CDATA[Index-linked insurance products (Ilips) are expected to remain absent from the product portfolio of life insurers from October onwards.]]></description>
      <link>http://www.business-standard.com/india/news/index-linked-products-may-go-offshelf/234702/on</link>
      <pubDate>Wed, 08 May 2013 19:05:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/index-linked-products-may-go-offshelf/234702/on</guid>
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      <title><![CDATA[Rupee edges lower at 54.16 on late dollar demand]]></title>
      <description><![CDATA[The rupee today closed down by a marginal two paise at 54.16 against the dollar due to fag-end demand for the US currency on reports of defence-related payments.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-edges-lower-at-5416late-dollar-demand/234587/on</link>
      <pubDate>Wed, 08 May 2013 18:18:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Corporation Bank Q4 net rises 1.22% to Rs 355 cr]]></title>
      <description><![CDATA[Ajai Kumar, Corporation BankCorporation Bank recorded a 1.22% growth in net profit for the fourth quarter ended Mar 31 compared with the same period a year ago at Rs 355.53 crore.]]></description>
      <link>http://www.business-standard.com/india/news/corporation-bank-q4-net-rises-122-to-rs-355-cr/234141/on</link>
      <pubDate>Wed, 08 May 2013 13:56:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Rupee still up by 5 paise at 54.09/dollar]]></title>
      <description><![CDATA[Rupee image via ShutterstockThe rupee trimmed its initial gains, but was quoted still higher by five paise to 54.09 against the American currency on the back of sustained selling of dollars by exporters amid continued capital inflows into equities.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-stillby-5-paise-at-5409dollar/233896/on</link>
      <pubDate>Wed, 08 May 2013 11:33:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-stillby-5-paise-at-5409dollar/233896/on</guid>
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    <item>
      <title><![CDATA[Need of centralized infrastructure for bill payments RBI committee]]></title>
      <description><![CDATA[Reserve Bank of India committee today recommended setting up of the Indian Bill Payment System (IBPS) in the country.]]></description>
      <link>http://www.business-standard.com/india/news/needcentralized-infrastructure-for-bill-payments-rbi-committee/233612/on</link>
      <pubDate>Tue, 07 May 2013 21:07:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/needcentralized-infrastructure-for-bill-payments-rbi-committee/233612/on</guid>
    </item>
    <item>
      <title><![CDATA[15 bank employees suspended after Cobrapost]]></title>
      <description><![CDATA[A day after online media firm Cobrapost made money-laundering allegations against the employees of banks and insurance companies, public sector institutions named in the sting operation suspended 15 employees and took action against 16 others.]]></description>
      <link>http://www.business-standard.com/india/news/15-bank-employees-suspended-after-cobrapost/233579/on</link>
      <pubDate>Tue, 07 May 2013 20:33:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/15-bank-employees-suspended-after-cobrapost/233579/on</guid>
    </item>
    <item>
      <title><![CDATA[Life may get easier for bank customers]]></title>
      <description><![CDATA[Your borrowing cost may not come down in a hurry.]]></description>
      <link>http://www.business-standard.com/india/news/life-may-get-easier-for-bank-customers/233377/on</link>
      <pubDate>Tue, 07 May 2013 18:08:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/life-may-get-easier-for-bank-customers/233377/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee up 4 paise at 54.14 on fresh dollar selling]]></title>
      <description><![CDATA[Rising for the first time in four sessions, the rupee today appreciated moderately by four paise to end at 54.14 against the dollar on fresh selling of the US currency by exporters and sustained capital inflows.]]></description>
      <link>http://www.business-standard.com/india/news/rupee4-paise-at-5414fresh-dollar-selling/233371/on</link>
      <pubDate>Tue, 07 May 2013 18:05:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[RBI clarifications on new bank licences shortly]]></title>
      <description><![CDATA[The Reserve Bank will shortly come out with its clarifications on issuing licences for more private sector banks, the Finance Ministry said today.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-clarificationsnew-bank-licences-shortly/233189/on</link>
      <pubDate>Tue, 07 May 2013 15:48:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-clarificationsnew-bank-licences-shortly/233189/on</guid>
    </item>
    <item>
      <title><![CDATA[SBIs high credit-low deposit growth trend may hit margins India Ratings]]></title>
      <description><![CDATA[The repeat of high credit growth coupled with low pace of deposit expansion in the current financial year may work negatively for country&rsquo;s largest lender State Bank of India.]]></description>
      <link>http://www.business-standard.com/india/news/sbi\s-high-credit-low-deposit-growth-trend-may-hit-margins-india-ratings/233039/on</link>
      <pubDate>Tue, 07 May 2013 13:57:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sbi\s-high-credit-low-deposit-growth-trend-may-hit-margins-india-ratings/233039/on</guid>
    </item>
    <item>
      <title><![CDATA[Axis Bank gets NPS trustee bank mandate]]></title>
      <description><![CDATA[Private sector lender Axis Bank will replace state-run Bank of India (BoI) as the trustee bank for the National Pension System (NPS) from July onwards.]]></description>
      <link>http://www.business-standard.com/india/news/axis-bank-gets-nps-trustee-bank-mandate/233033/on</link>
      <pubDate>Tue, 07 May 2013 13:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/axis-bank-gets-nps-trustee-bank-mandate/233033/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee still down by 8 paise at 54.26/dollar]]></title>
      <description><![CDATA[The Indian rupee trimmed its losses against the American currency in the late morning trade but was still quoted lower by 8 paise to 54.26 per dollar on good dollar demand from banks and importers on the back of higher dollar in overseas.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-still-down-by-8-paise-at-5426dollar/232843/on</link>
      <pubDate>Tue, 07 May 2013 11:42:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee-still-down-by-8-paise-at-5426dollar/232843/on</guid>
    </item>
    <item>
      <title><![CDATA[RBI committee favours differential tax regime for exporters]]></title>
      <description><![CDATA[Seeking to boost exports and bridge the ballooning current account deficit, a RBI committee today suggested slew of measures like introduction of differential tax regime and increasing the scope of interest subsidy scheme for exporters.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-committee-favours-differential-tax-regime-for-exporters/232620/on</link>
      <pubDate>Mon, 06 May 2013 21:08:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-committee-favours-differential-tax-regime-for-exporters/232620/on</guid>
    </item>
    <item>
      <title><![CDATA[Cobrapost Act, against employees, govt directs banks]]></title>
      <description><![CDATA[The government today asked banks to immediately suspend employees suspected of facilitating money laundering and asked for an action taken report after completing the inquiry expeditiously.]]></description>
      <link>http://www.business-standard.com/india/news/cobrapost-act-against-employees-govt-directs-banks/232541/on</link>
      <pubDate>Mon, 06 May 2013 20:04:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cobrapost-act-against-employees-govt-directs-banks/232541/on</guid>
    </item>
    <item>
      <title><![CDATA[SBI General collects total premium of Rs 771 cr in FY13]]></title>
      <description><![CDATA[SBI General Insurance Company (SBI General), the general insurance arm of State Bank of India (SBI), collected total premium Income of Rs.771 Crores during the financial year 2012-13, registering a growth of 208 per cent, year-on-year.]]></description>
      <link>http://www.business-standard.com/india/news/sbi-general-collects-total-premiumrs-771-cr-in-fy13/232520/on</link>
      <pubDate>Mon, 06 May 2013 19:57:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sbi-general-collects-total-premiumrs-771-cr-in-fy13/232520/on</guid>
    </item>
    <item>
      <title><![CDATA[Rupee near 1-week low against dollar; falls 24 paise to 54.18]]></title>
      <description><![CDATA[Rupee image via ShutterstockThe rupee today closed down by 24 paise at nearly one-week low of 54.18 against the dollar on the American currency demand from importers and banks on the back firm USD overseas.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-near-1-week-low-against-dollar-falls-24-paise-to-5418/232445/on</link>
      <pubDate>Mon, 06 May 2013 18:55:00 +0530</pubDate>
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    <item>
      <title><![CDATA[No immediate cut in lending rates SBI]]></title>
      <description><![CDATA[State Bank of India (SBI) today ruled out any immediate cut in lending rates even as the Reserve Bank had reduced policy rate by 0.25 per cent earlier this week.]]></description>
      <link>http://www.business-standard.com/india/news/no-immediate-cut-in-lending-rates-sbi/232417/on</link>
      <pubDate>Mon, 06 May 2013 18:27:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/no-immediate-cut-in-lending-rates-sbi/232417/on</guid>
    </item>
    <item>
      <title><![CDATA[Alternative payment channels are growing faster]]></title>
      <description><![CDATA[Pamela Patsley, CEO, MoneygramPamela Patsley, chairman and Chief executive officer of Moneygram, the second largest payments firm in the world, is bullish about India, which is already the world&rsquo;s top recipient of remittances according to World Bank&rsquo;s estimates.]]></description>
      <link>http://www.business-standard.com/india/news/\alternative-payment-channelsgrowing-faster\/232215/on</link>
      <pubDate>Mon, 06 May 2013 16:20:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/\alternative-payment-channelsgrowing-faster\/232215/on</guid>
    </item>
    <item>
      <title><![CDATA[Operation Red Spider 2 Modus operandi, allegations and targets]]></title>
      <description><![CDATA[Online media firm Cobrapost.]]></description>
      <link>http://www.business-standard.com/india/news/operation-red-spider-2-modus-operandi-allegationstargets/232108/on</link>
      <pubDate>Mon, 06 May 2013 15:02:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/operation-red-spider-2-modus-operandi-allegationstargets/232108/on</guid>
    </item>
    <item>
      <title><![CDATA[South Indian Bank Q4 net up 26% at Rs 154 cr]]></title>
      <description><![CDATA[South Indian Bank has posted 26.13% increase in net profit during the quarter ended March at Rs 153.83 crore as against Rs 121.95 crore in the same quarter last financial year.]]></description>
      <link>http://www.business-standard.com/india/news/south-indian-bank-q4-net26-at-rs-154-cr/232067/on</link>
      <pubDate>Mon, 06 May 2013 14:29:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/south-indian-bank-q4-net26-at-rs-154-cr/232067/on</guid>
    </item>
    <item>
      <title><![CDATA[RBI allows banks to front-load rural entry]]></title>
      <description><![CDATA[Banks which exceed the target of opening brances in rural areas in a year, will be allowed to carry forward the additional number to the next fiscal, RBI has said.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-allows-banks-to-front-load-rural-entry/231982/on</link>
      <pubDate>Mon, 06 May 2013 13:00:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-allows-banks-to-front-load-rural-entry/231982/on</guid>
    </item>
    <item>
      <title><![CDATA[Cobra stings again, 23 new institutions named]]></title>
      <description><![CDATA[In its continuing undercover operation, spanning several months, Cobrapost finds dozens and dozens of major public sector banks, and many more private banks, across the country are blatantly involved in money laundering, as are major insurers.]]></description>
      <link>http://www.business-standard.com/india/news/cobra-stings-again-23-new-institutions-named/231830/on</link>
      <pubDate>Mon, 06 May 2013 10:13:00 +0530</pubDate>
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