PSU bank consolidation a long-drawn process: PNB chief
Notwithstanding the government`s intention of bringing about consolidation in the PSU banking space, Punjab National Bank chairman KR Kamath said on Saturday that it`s going to be a long-drawn process.

SC Kalia takes over as Union Bank ED
State-run, Union Bank of India on Saturday announced the appointment of Subhash Chander Kalia as its Executive Director.

PNB eyes majority stake in Kazakhstan based bank
Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in central Asia, its Chairman and Managing Director KR Kamath said here on Saturday.

Mkt review: Struggling Sensex nudges past 17K mark
Benchmark indices of Indian equities markets struggled to add significant gains this week, even as conditions remained uncertain in economies and bourses around the world.

ICICI Bank raises USD 750-mn through bond issue
India`s second largest lender, ICICI Bank on Saturday said it has raised USD 750-million through the issue of five-year bonds at its Bahrain branch.

Padmanabhan is new MD & CEO of BoR
Private lender Bank of Rajasthan (BoR) has appointed G Padmanabhan, a veteran in banking sector as Managing Director and Chief Executive Officer.

IDBI Bank announces repayment of SLR bonds
Pubilc-sector lender, IDBI Bank on Friday announced the repayment of its 11.50 per cent IDBI SLR Bonds 2009, 55th series on Jauary 9, 2010.

SEBI examining investment avenues for portfolio managers
Securities and Exchange Board of India is in the process of examining whether registered portfolio managers invest in instruments other than listed securities, an official of the agency said.

Sensex up 236 pts; closes at 17,021.85
Sensex has sank, surfaced and shot up to close the day higher by 236 pts, as investors picked up stocks at attractive levels amid firm opening in European bourses.

RBI asks money changers to report suspicious deals in 7 days
To prevent money laundering, the Reserve Bank on Thursday asked money changers to furnish report of all suspicious transactions within seven days to the financial intelligence unit-India (FIU-IND).