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    <title><![CDATA[Banking & Finance > Entire Section]]></title>
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    <description>The latest news from India's most respected business daily.</description>
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      <title><![CDATA[Rupee set to strengthen on easing inflation, lower CAD]]></title>
      <description><![CDATA[The easing inflation, expectations of growth picking up, narrowing current account deficit (CAD) and now expectations of limited risks to a rating downgrade for India are set to strengthen the rupee against the dollar in the months ahead.]]></description>
      <link>http://www.business-standard.com/india/news/rupee-set-to-strengtheneasing-inflation-lower-cad/517273/</link>
      <pubDate>Sun, 19 May 2013 22:33:00 +0530</pubDate>
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      <title><![CDATA[Government bond yields seen falling]]></title>
      <description><![CDATA[The 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/government-bond-yields-seen-falling/517277/</link>
      <pubDate>Sun, 19 May 2013 22:30:00 +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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      <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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      <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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      <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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      <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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      <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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      <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[Norm violation: Bank penalty may go up]]></title>
      <description><![CDATA[The finance ministry on Thursday said it was considering raising the penalty for violations of Reserve Bank of India (RBI) guidelines by banks.]]></description>
      <link>http://www.business-standard.com/india/news/norm-violation-bank-penalty-may-go-up/516877/</link>
      <pubDate>Fri, 17 May 2013 00:48:00 +0530</pubDate>
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    <item>
      <title><![CDATA[OBC cuts fixed deposit rates by up to 1%]]></title>
      <description><![CDATA[State-owned Oriental Bank of Commerce (OBC) on Thursday slashed fixed deposit rates by up to one per cent on select maturities.]]></description>
      <link>http://www.business-standard.com/india/news/obc-cuts-fixed-deposit-rates-byto-1/516885/</link>
      <pubDate>Fri, 17 May 2013 00:44:00 +0530</pubDate>
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      <title><![CDATA[European banks hesitate to join rush for new share capital]]></title>
      <description><![CDATA[A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise euro six billion ($7.7 billion)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.]]></description>
      <link>http://www.business-standard.com/india/news/european-banks-hesitate-to-join-rush-for-new-share-capital/516882/</link>
      <pubDate>Fri, 17 May 2013 00:43:00 +0530</pubDate>
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      <title><![CDATA[Merkel pushes bank-regulation votes before September 22 polls]]></title>
      <description><![CDATA[Chancellor Angela Merkel is drawing fire from Germany&#39;s banks for pushing through regulation they say is rushed and meant to appeal to voters more than lenders.]]></description>
      <link>http://www.business-standard.com/india/news/merkel-pushes-bank-regulation-votes-before-september-22-polls/516880/</link>
      <pubDate>Fri, 17 May 2013 00:43:00 +0530</pubDate>
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      <title><![CDATA[Bonds remain bullish on firm demand]]></title>
      <description><![CDATA[Government securities (G-sec) surge on persistent buying support from banks and companies.]]></description>
      <link>http://www.business-standard.com/india/news/bonds-remain-bullishfirm-demand/516865/</link>
      <pubDate>Thu, 16 May 2013 23:40:00 +0530</pubDate>
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      <title><![CDATA[Corporate group-run banks: why now?]]></title>
      <description><![CDATA[On February 22, 2013, the Reserve Bank of India (RBI) issued guidelines on &quot;Licensing of New Banks in the Private Sector&quot;.]]></description>
      <link>http://www.business-standard.com/india/news/corporate-group-run-banksnow/516809/</link>
      <pubDate>Thu, 16 May 2013 21:50:00 +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[Karnataka Bank plans to raise Rs 500 cr]]></title>
      <description><![CDATA[Mangalore-based private sector bank, Karnataka Bank, has said that it is planning to raise upto Rs 500 crore through a Qualified Institutions Placement (QIP) issue.]]></description>
      <link>http://www.business-standard.com/india/news/karnataka-bank-plans-to-raise-rs-500-cr/516807/</link>
      <pubDate>Thu, 16 May 2013 20:10:00 +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[Takru, bankers discuss stalled Maheshwar hydel project]]></title>
      <description><![CDATA[Bankers today failed to find a way out of their troubled exposure to the stalled Maheshwar Hydel Power Project in Madhya Pradesh but hinted they might offer a corporate debt restructuring (CDR) package.]]></description>
      <link>http://www.business-standard.com/india/news/takru-bankers-discuss-stalled-maheshwar-hydel-project/516717/</link>
      <pubDate>Thu, 16 May 2013 00:48:00 +0530</pubDate>
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      <title><![CDATA[PE companies revive exit hopes with changed IPO market]]></title>
      <description><![CDATA[Private equity (PE) investors in India who are waiting to exit their five-six years old investments, are back into the initial public offering (IPO) market to try their luck.]]></description>
      <link>http://www.business-standard.com/india/news/pe-companies-revive-exit-hopeschanged-ipo-market/516657/</link>
      <pubDate>Thu, 16 May 2013 00:39:00 +0530</pubDate>
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      <title><![CDATA[Re edges up a paisa to end at 54.79 vs $]]></title>
      <description><![CDATA[The rupee today closed just a paisa higher at 54.79 against the dollar, on better local equities.]]></description>
      <link>http://www.business-standard.com/india/news/re-edges-uppaisa-to-end-at-5479-vs-/516866/</link>
      <pubDate>Thu, 16 May 2013 00:38:00 +0530</pubDate>
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      <title><![CDATA[Re closes higher on rally in equities]]></title>
      <description><![CDATA[A strong dollar weighed on the rupee but the local currency managed to erase early losses and settle three paise higher at 54.78, amid signs of massive capital inflows.]]></description>
      <link>http://www.business-standard.com/india/news/re-closes-higherrally-in-equities/516658/</link>
      <pubDate>Thu, 16 May 2013 00:25:00 +0530</pubDate>
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      <title><![CDATA[Bank papers portray Cyprus as Russia's favourite haven]]></title>
      <description><![CDATA[When the Cyprus bank run began earlier this year, Russians set much of the pace.]]></description>
      <link>http://www.business-standard.com/india/news/bank-papers-portray-cyprus-as-russia\s-favourite-haven/516659/</link>
      <pubDate>Thu, 16 May 2013 00:18:00 +0530</pubDate>
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      <title><![CDATA[S&amp;P says Cypriot deposit grab may set Euro zone precedent]]></title>
      <description><![CDATA[The grab on bank deposits that accompanied Cyprus&#39;s bailout could be repeated elsewhere in the Euro zone, and the bloc&#39;s banking union may not be strong enough when it is introduced, Standard and Poor&#39;s said on Wednesday.]]></description>
      <link>http://www.business-standard.com/india/news/sp-says-cypriot-deposit-grab-may-set-euro-zone-precedent/516762/</link>
      <pubDate>Thu, 16 May 2013 00:14:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sp-says-cypriot-deposit-grab-may-set-euro-zone-precedent/516762/</guid>
    </item>
    <item>
      <title><![CDATA[Sting in the tale]]></title>
      <description><![CDATA[To its credit, the Reserve Bank of India (RBI) did not hesitate to point out that the three large private banks that were subject to the Cobrapost sting operation had committed serious violations.]]></description>
      <link>http://www.business-standard.com/india/news/sting-intale/516603/</link>
      <pubDate>Wed, 15 May 2013 21:40:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sting-intale/516603/</guid>
    </item>
    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bankers-fail-to-find-way-outmaheshwar-project-logjam/242427/on</guid>
    </item>
    <item>
      <title><![CDATA[Banks in Odisha achieve 79% of annual credit plan in FY13]]></title>
      <description><![CDATA[The banks operating in Odisha have disbursed Rs 21,910.93 crore loan to different sectors in 2012-13, which is 21 per cent less than the projected credit plan target of Rs 27,789.28 crore for the year.]]></description>
      <link>http://www.business-standard.com/india/news/banks-in-odisha-achieve-79annual-credit-plan-in-fy13/516595/</link>
      <pubDate>Wed, 15 May 2013 21:20:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/banks-in-odisha-achieve-79annual-credit-plan-in-fy13/516595/</guid>
    </item>
    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/deposit-growthchallenge-credit-growth-in-lineprojection/242378/on</guid>
    </item>
    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bs-poll-rbi-may-not-cut-repo-rate-further-next-month/241990/on</guid>
    </item>
    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rupee12-paise-at-5469-in-late-morning-trade/241295/on</guid>
    </item>
    <item>
      <title><![CDATA[Takru to meet senior bank officials today]]></title>
      <description><![CDATA[Revival of the 400-Mw Maheshwar Hydel Power Project in Madhya Pradesh, stalled since 1998, is one of the issues at a finance ministry meeting with bankers tomorrow.]]></description>
      <link>http://www.business-standard.com/india/news/takru-to-meet-senior-bank-officials-today/516491/</link>
      <pubDate>Wed, 15 May 2013 00:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/takru-to-meet-senior-bank-officials-today/516491/</guid>
    </item>
    <item>
      <title><![CDATA[With sticky inflation, RBI has to go carefully: Ashima Goyal]]></title>
      <description><![CDATA[Ashima Goyal, one of the external members of the Technical Advisory Committee of the Reserve Bank of India and professor of economics at the Indira Gandhi Institute for Development Research, Mumbai, talks to Neelasri Barman on inflation expectations and the central bank&#39;s likely thinking.]]></description>
      <link>http://www.business-standard.com/india/news/with-sticky-inflation-rbi-has-to-go-carefully-ashima-goyal/516493/</link>
      <pubDate>Wed, 15 May 2013 00:49:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/with-sticky-inflation-rbi-has-to-go-carefully-ashima-goyal/516493/</guid>
    </item>
    <item>
      <title><![CDATA[ECB route for low-cost housing extended by two years: H R Khan]]></title>
      <description><![CDATA[The Reserve Bank of India (RBI) on Tuesday eased foreign borrowing norms to allow companies access to cheaper funds for key infrastructure sectors.]]></description>
      <link>http://www.business-standard.com/india/news/ecb-route-for-low-cost-housing-extended-by-two-years-h-r-khan/516517/</link>
      <pubDate>Wed, 15 May 2013 00:46:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/ecb-route-for-low-cost-housing-extended-by-two-years-h-r-khan/516517/</guid>
    </item>
    <item>
      <title><![CDATA[SBI: Won't give up on textile-sector bad loans]]></title>
      <description><![CDATA[State Bank of India (SBI) Chairman Pratip Chaudhuri on Tuesday said non-performing assets (NPAs) remained an area of concern for Indian banks.]]></description>
      <link>http://www.business-standard.com/india/news/sbi-won\t-give-uptextile-sector-bad-loans/516369/</link>
      <pubDate>Wed, 15 May 2013 00:44:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/sbi-won\t-give-uptextile-sector-bad-loans/516369/</guid>
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    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bond-yields-dip-sharply-fuel-hopesfurther-monetary-easing/240206/on</guid>
    </item>
    <item>
      <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>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/50-bps-rate-cut-possible-if-monsoon-is-good-inflation-falls-further-ashima-goyal/240633/on</guid>
    </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[Don't 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[BoI plans QIP offer after October to raise capital]]></title>
      <description><![CDATA[Bank of India has planned a Qualified Institutional Placement offer in the second half (October-March) of this financial year, to raise equity capital for its growth.]]></description>
      <link>http://www.business-standard.com/india/news/boi-plans-qip-offer-after-october-to-raise-capital/516312/</link>
      <pubDate>Tue, 14 May 2013 00:40:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/boi-plans-qip-offer-after-october-to-raise-capital/516312/</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[Bonds end mixed on buying, selling bouts]]></title>
      <description><![CDATA[Government securities (G-sec) ended mixed on alternate bouts of buying and selling.]]></description>
      <link>http://www.business-standard.com/india/news/bonds-end-mixedbuying-selling-bouts/516301/</link>
      <pubDate>Tue, 14 May 2013 00:10:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bonds-end-mixedbuying-selling-bouts/516301/</guid>
    </item>
    <item>
      <title><![CDATA[RBI creates new gold import hurdle]]></title>
      <description><![CDATA[The Reserve Bank of India (RBI) on Monday issued its promised circular restricting import of consignment gold this afternoon, even as jewellers were doing brisk business on Akshaya Tritiya demand.]]></description>
      <link>http://www.business-standard.com/india/news/rbi-creates-new-gold-import-hurdle/516261/</link>
      <pubDate>Mon, 13 May 2013 22:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/rbi-creates-new-gold-import-hurdle/516261/</guid>
    </item>
    <item>
      <title><![CDATA[Syndicate Bank eyes 25% growth this year]]></title>
      <description><![CDATA[Manipal-based Syndicate Bank has set an ambitious target of 25 per cent growth in the overall business for 2013-14 as compared with 18.1 per cent growth it had achieved in the last financial year.]]></description>
      <link>http://www.business-standard.com/india/news/syndicate-bank-eyes-25-growth-this-year/516232/</link>
      <pubDate>Mon, 13 May 2013 20:50:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/syndicate-bank-eyes-25-growth-this-year/516232/</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[Yields seen falling; rupee to weaken]]></title>
      <description><![CDATA[Government bond yields are expected to fall further from current levels this week on hopes inflation for April, based on the wholesale price index (WPI), will ease further due to which the Reserve Bank of India (RBI) will 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/yields-seen-falling-rupee-to-weaken/516152/</link>
      <pubDate>Mon, 13 May 2013 00:16:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/yields-seen-falling-rupee-to-weaken/516152/</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[Real estate regulator Bill will see light of the day soon; it is in the interest of all stakeholders: R V Verma]]></title>
      <description><![CDATA[The Central Registry of Securitisation Asset Reconstruction &amp; Security Interest of India (CERSAI) portal would be open to the public by mid-June, says R V Verma, chairman and managing director of National Housing Bank (NHB), a shareholding bank in CERSAI.]]></description>
      <link>http://www.business-standard.com/india/news/real-estate-regulator-bill-will-see-lightthe-day-soon-it-is-ininterestall-stakeholders-r-v-verma/516024/</link>
      <pubDate>Sat, 11 May 2013 20:57:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/real-estate-regulator-bill-will-see-lightthe-day-soon-it-is-ininterestall-stakeholders-r-v-verma/516024/</guid>
    </item>
    <item>
      <title><![CDATA[SoftBank asks banks not to finance Dish's Sprint bid]]></title>
      <description><![CDATA[SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1-billion deal to take control of Sprint Nextel Corp.]]></description>
      <link>http://www.business-standard.com/india/news/softbank-asks-banks-not-to-finance-dish\s-sprint-bid/516010/</link>
      <pubDate>Sat, 11 May 2013 20:33:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/softbank-asks-banks-not-to-finance-dish\s-sprint-bid/516010/</guid>
    </item>
    <item>
      <title><![CDATA[Chit funds, the south side story]]></title>
      <description><![CDATA[Latha Varadarajan, a 44-year-old homemaker from Chennai, has been closely following the reports of the collapse of Saradha group&#39;s financial scheme in West Bengal in which thousands of investors have lost their money.]]></description>
      <link>http://www.business-standard.com/india/news/chit-fundssouth-side-story/515991/</link>
      <pubDate>Sat, 11 May 2013 20:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/chit-fundssouth-side-story/515991/</guid>
    </item>
    <item>
      <title><![CDATA[Indian card processor in $45-mn heist is ElectraCard: Sources]]></title>
      <description><![CDATA[One of the credit card processing companies whose security was breached in a $45-million global cyber heist was India&#39;s ElectraCard Services, according to two people familiar with the situation.]]></description>
      <link>http://www.business-standard.com/india/news/indian-card-processor-in-45-mn-heist-is-electracard-sources/516007/</link>
      <pubDate>Sat, 11 May 2013 20:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/indian-card-processor-in-45-mn-heist-is-electracard-sources/516007/</guid>
    </item>
    <item>
      <title><![CDATA[Global cyber heist]]></title>
      <description><![CDATA[In one of the biggest ever bank heists, a global cyber-crime ring stole $45 million from two West Asian banks by hacking into credit-card processing firms and withdrawing money from ATMs in 27 countries.]]></description>
      <link>http://www.business-standard.com/india/news/global-cyber-heist/516021/</link>
      <pubDate>Sat, 11 May 2013 20:20:00 +0530</pubDate>
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    </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>
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    </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>
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    </item>
    <item>
      <title><![CDATA[Shadow banking still poses risks: Bernanke]]></title>
      <description><![CDATA[US Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.]]></description>
      <link>http://www.business-standard.com/india/news/shadow-banking-still-poses-risks-bernanke/515973/</link>
      <pubDate>Sat, 11 May 2013 00:27:00 +0530</pubDate>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </item>
    <item>
      <title><![CDATA[Our products sold through SBI are simple &amp; scope of mis-selling is limited: Bhaskar J Sarma &amp; Steve Hollow]]></title>
      <description><![CDATA[ Private sector general insurer SBI General Insurance was able to control losses in its third year of operations, and has 208 per cent premium growth for FY13.]]></description>
      <link>http://www.business-standard.com/india/news/our-products-sold-through-sbisimplescopemis-selling-is-limited-bhaskar-j-sarmasteve-hollow/515781/</link>
      <pubDate>Fri, 10 May 2013 00:48:00 +0530</pubDate>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
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    </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>
    <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>
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    </item>
    <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>
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    </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>
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