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SC stays CBI probe into derivatives scam SC had ordered a probe into mis-selling of contracts.

Grameena Bank lends a hand to ease power shortage The proposal was taken up in view of the problems faced by farmers because of repeated and prolonged power failures. The proposal is already been set into action and some villages are being converted into total solar villages to illuminate them, CKGB Chief Manager (Advances) K Gurumurthy has said.

Central Bank to buy out partners in mortgage subsidiary by month-end Public sector Central Bank of India expects to complete the buyback of its mortgage finance subsidiary, Centbank Home Finance, by the end of the current financial year.

Financial services, publishing to be focus areas for McGraw-Hill The McGraw-Hill Companies is looking to ramp up its presence in the Indian financial and publishing space to increase the share of revenue from the country from the present level of 5 per cent, the groups Chairman, President & CEO, Harold McGraw III, has said.

NHB seeks tax sop for reverse mortage scheme The National Housing Bank (NHB) plans to request the finance ministry to exempt reverse mortgage enabled annuity schemes (RMLEA) from income tax. The bank also asked the state governments guaranteed insurance schemes to expand RMLEA to people who are coming to government housing projects.

RBI tells banks to disclose more informatiom on NPAs The Reserve bank of India (RBI) has asked banks to reveal more information on their market operations, including data related to top 20 depositors, 20 largest borrowers, exposure to four largest non-performing accounts and special purpose vehicles sponsored by them, for the current fiscal.

Avoid risk in financial inclusion aim, Gokarn tells banks Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Monday said it needs to be ensured that banks do not take undue risks to meet the aimed financial inclusion.