Expanding its footprint in Tier-III, IV and V, with an objective to tap semi-urban and rural population in under banked areas, the bank opened its first such branch at Bhojpur in Punjab.
The regulator has also asked mutual fund houses to disclose in the offer documents how they would protect investor money in capital protection schemes.
Mahindra & Mahindra has signed a definitive deal with Ssangyong Motor Company Limited to acquire 70 per cent stake in the ailing South Korean auto maker.
While respondents in markets such as Germany, Japan, Netherlands and the UK believe that things will essentially stay the same over the next six months.
At the Interbank Foreign Exchange (Forex) market, the domestic unit opened lower at 45.53/55 per dollar from its previous close of 45.40/41 per dollar.
In a dull broader market, shares of M&M soared 3.48 per cent to touch an early high of Rs 779.40 on BSE. The counter was also the most sought after for investors.
While Kingfisher Airlines now holds 19 per cent of the market share, Air India (domestic) holds 17.7 per cent, IndiGo 16.8 per cent and SpiceJet 13.6 per cent.
The ministry of new and renewable energy announces a 20 per cent financial incentive on the ex-factory price of electric cars and scooters sold in the country.
The ministry of urban development had drafted the Model Real Estate Management Bill in 2007 to rein in errant builders and real estate agents. It is still to be made law.
After the hour-long meeting with Opposition parties, Finance Minister Pranab Mukherjee said he would get back to them after consulting Prime Minister Manmohan Singh on the issues discussed.