Global fund manager Fidelity International is selling around 2 percent of its holding in India's largest commodity bourse to meet a regulatory cap of 5 percent for any single foreign shareholder, the Economic Times said.

ICICI Bank, India's No. 2 lender, has raised auto loans by 25-50 basis points for different tenors and segments, effective from March 5, a spokesman said on Thursday.

The chairman of Lloyd's of London has hit out at the level of protectionism in India's insurance market, the Financial Times reported on Thursday.

India's macro-economic conditions look better compared to a year ago, but Standard and Poor's wants to see improvements in both government revenue and expenditure, an S&P analyst said on Monday.

Life Insurance Corp. of India (LIC) won't be allowed to increase its stake to more than 10 percent in Indian firms, but will be allowed to retain the stake in companies where it already holds more than 10 percent, a finance ministry official said on Tuesday.

The Reserve Bank of India (RBI) has asked banks to enable existing home loan borrowers to benefit from lower rates along with new customers, a senior official of the Indian Banks' Association (IBA) told Reuters.

The government has no plan to raise the limit on foreign institutional investment in debt, a finance ministry official said on Monday.

The chairman of State Bank of India, India's leading bank, said on Friday he did not see any upward pressure on lending rates in the next six months, after the central bank had raised banks' reserve requirements.

State-run Punjab National Bank Ltd forecast steady loan growth with managable bad debts and surplus deposits for the fiscal year to March, even as it saw a rise in bad loans during the December quarter.

JPMorgan expects share sales in India to reach as much as $30 billion in 2010, a 50 percent increase, led by government stake sales and IPOs by power and property firms, its India investment banking head said.

State Bank of India, the country's biggest lender, expects steady loan growth for the full year to March but warned that surplus deposits and higher bad debt could impact profits in the March quarter.

State Bank of India, the country's top lender, and rival ICICI Bank are likely to post lower quarterly net profit on sluggish credit demand and a fall in treasury incomes as bond yields rose.

Britain's biggest insurer Prudential has begun a shake-up of its Asian business that will see it scale back its ambitions for growth in India and China, The Sunday Times newspaper said.

ICICI Bank, India's No.2 lender, reported a smaller-than-expected 13.4 percent drop in quarterly net profit, as demand for retail loans helped offset the impact of a drop in treasury income.

Bank of India, the country's top lender, and rival ICICI Bank are likely to post lower quarterly net profit on sluggish credit demand and a fall in treasury incomes as bond yields rose.

HDFC Bank, India's No.2 private sector lender, reported a 31.7 percent rise in quarterly profit on Friday.

State-run IDBI Bank Ltd is in talks with a private sector bank for a merger, Chairman and Managing Director Yogesh Agarwal said on Tuesday.

Non-performing loans (NPAs) in the small and medium enterprise sector (SME) are on the rise, the chairman of the country's largest lender, State Bank of India said on Monday.

Business activity among Indian services companies expanded at its fastest pace in 15 months in December and helped create more jobs, but the outlook for 2010 is wary, a survey released on Wednesday showed.