BLOOMBERG  US bank deposits fell for a third week to the lowest level in nearly two years, extending a yearlong slide as customers continue seeking higher returns in money-market funds. Lending was little changed. Deposits at commercial banks decreased by $26.4 billion in the week ended May 10 to $17.1 trillion, according to seasonally adjusted data from the Federal Reserve. …

BLOOMBERG  India is withdrawing its highest-value currency note just months before a national election, when cash in circulation typically surges. People have until September 30 to deposit 2,000 rupee ($24) notes into their bank accounts or exchange them for other denominations, the Reserve Bank of India (RBI) said in a statement citing its “clean note policy.” It didn’t say what …

BLOOMBERG  Federal Bank Ltd, the Indian bank backed by the International Finance Corp (IFC), plans to raise as much as 40 billion rupees ($486 million) in the next few months to support its expansion. The fundraising could be via debt or equity, or a combination of the two, with the final structure still under consideration, the bank’s Chief Executive Officer …