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RBI to tighten norms for bank VCs

 The Reserve Bank of Indiais likely to come up with capital adequacy norms for bank-sponsored venture capital firms to prevent reputational risk to their promoters. In addition, RBI wants banks to......

CanBank slashes home, car loan rates

 Canara Bank, the Bangalore-based public sector bank, has slashed interest rates on vehicle loans and home loans, which will be effective for all loans taken after August 1, 2009. Following the......

Stock scam: SC grants bail to Ketan Parekh, others

 The Supreme Court on Monday granted bail to stock broker Ketan Parekh and others in the Canfina Mutual Fund scam case.Parekh was held guilty in the case related to the 1992 stock scam, in which......

1-yr jail for Ketan Parekh in 1992 stocks scam

 The Bombay High Court on Tuesday sentenced stock brokers Ketan Parekh and Hiten Dalal along with five others to one year rigorous imprisonment while two other accused were sentenced to six months......

Canbank cuts home loan rates

 Canara Bank, the country's third largest public sector lender, has reduced the rate of interest on existing as well as new housing loans by 25 basis points with effect from February 7. The cut in......

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