Dhanlaxmi Bank has extended the last date for subscribing to its Rs 200 crore tier-II bond offering to June 1 from May 21 as it is struggling to find investors.
Lower oil prices and weaker gold demand would positively impact India's current account deficit and reduce external financing pressures, said Citi in its India macro view.
Ambit Pragma on Monday raised $77 million through its new fund Ambit Pragma Fund II. The fund anticipates a final close by March 2013.
The slide of the rupee to record lows could tear up balance sheets of many corporates that have borrowed overseas in the last few years.
India has been encouraging foreign banks to operate through subsidiaries, a move that promises to provide regulatory comfort to the government.
Put off by stifling rules & a hostile business environment, SKS Microfinance will move its headquarters from Hyderabad to Mumbai.
The number of credit cardholders in India has dipped. The credit cardholders in India stands at 21% in 2011 as compared to 23 % in 2010 said an HSBC survey.
Kotak Mahindra Bank's net profit for the quarter ended March 2012 by 19% supported by loan growth.
"It was once said in the town hall that HSBC had agreed to absorb the entire RBS staff here," said one of the persons who did not want to be identified.
The cash-rich SKS Trust Advisors Pvt Ltd, the original promoter which owns more than 11% shares in SKS, has sought a seat on SKS board.
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