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South Africa regulators could play spoiler for HSBC Stringent controls on currency outflows and recent wary comments from an official indicate HSBCs $8 billion bid to buy 70 per cent of South Africas Nedbank could yet be derailed.

Indian Bank to sign MoUs of Rs 5K cr at VGGIS In a bid to give fillip to its Rs 10,000 crore business target in Gujarat circle, Indian Bank is planning to sign memorandums of understanding (MoUs) worth Rs 4,000-5,000 crore during the upcoming Vibrant Gujarat Global Investors Summit (VGGIS) 2011.??While we did a total business of Rs 4,915.31 crore in Gujarat circle, we are well poised to reach a business of Rs 6,040 crore by March 2011. The circle has been growing at a rate of 42.50 per cent since past two years and we are

Margin funding takes centre stage NBFCs owned by brokerages do brisk business after recent listing gains.

IOB plans to float IT subsidiary Indian Overseas Bank (IOB) plans to float a subsidiary, which will take care of its information technology business. The bank is looking for a joint venture partner for setting up the subsidiary, which could market the banks in-house core banking solution (CBS), in India and abroad.

HDFC Bank raises BPLR by 50 bps to 16.25% HDFC Bank, Indias second-largest private sector bank, on Monday raised its benchmark prime lending rate (BPLR) by 50 basis points to 16.25 per cent.

Q: Hikmet Ersek, CEO, Western Union Western Union is seeking to enter into the intra-money transfer business in India, in addition to growing its network beyond 60,000 locations across the nation. Growing its electronic channel is one of its top priorities, Hikmet Ersek, who assumed charge as the chief executive officer of Western Union on September 1, told Sumit Sharma in an interview.

SBI may extend teaser home loan scheme State Bank of India (SBI), the countrys largest lender, may extend its teaser home loan scheme, though a final decision will be taken at its ALM (asset-liability management) committee meeting later this month.