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Corporates swamp the bond market (21 November 12:00) |
| Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest ra... |
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Banks find DRT a better recovery mechanism (21 November 12:00) |
| Chennai, Nov. 20 Lok Adalats have not proved to be a good means of effecting recoveries from bad loans, statistics show. The ‘public courts’ have accounted for only 5 to 8 per cent of d... |
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Indias exposure to US bonds least among BRIC nations (21 November 12:00) |
| Kolkata, Nov. 20 India has not only reduced its investments in US Treasury bonds between May and September, but stood least exposed among the other BRIC nations relative to their respectiv... |
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Lower interest rates make bonds attractive (21 November 12:00) |
| Mumbai, Nov. 20 A recent trend emerging in the corporate bond market is that of companies issuing floating rate bonds, as they try to take advantage of the lower interest rates. |
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HDFC Standard Life plans IPO next fiscal (21 November 12:00) |
| Private sector life insurance company HDFC Standard Life said on Friday it plans to come out with an Initial Public Offer (IPO) in the next financial year. |
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Bonds rally on auction cues (21 November 12:00) |
| Bond prices rallied on Friday on the back of the bullish auction cut-off announced by the Reserve Bank of India. Prices rose by more than 50 paise after the cut-off yields were lower than ma... |
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Tokio Marine Edelweiss Capital tie up (21 November 12:00) |
| Japanese insurance major Tokio Marine Holdings is entering the Indian life insurance space. The company has inked an agreement with Edelweiss Capital to set up a life insurance venture here... |
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Predatory lending draws RBIs attention (21 November 12:00) |
| Mumbai, Nov. 20 The possibility that some banks may be resorting to “predatory lending” in the face of lacklustre appetite for loans and advances has caught the banking regulator’s |
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New Tax Code may give a fillip to long-term life policies (21 November 12:00) |
| New Delhi, Nov. 20 Long-term life insurance policies are expected to grow in popularity if the EET (exempt exempt tax) regime under the proposed Direct Tax Code comes into force by |
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SKS Micro sees scope in cross- selling products (21 November 12:00) |
| Chennai, Nov. 20 With 5.5 million members (borrowers) under its belt, Hyderabad-based SKS Microfinance sees big scope in cross-selling physical and financial products to |
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Forex reserves rise $962 million (21 November 12:00) |
| Mumbai, Nov. 20 The country’s foreign exchange reserves increased by $962 million to touch $286.376 billion for the week ended November 12, according to the Reserve Bank of India’s Weekl... |
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New MD for Bank of Rajasthan (21 November 12:00) |
| Mumbai: Mr G. Padmanabhan has been appointed as the Managing Director and CEO of Bank of Rajasthan for a period of two years, the bank said in a press release. He succeeds Mr P. L. Ahuja who... |
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DCB raises Rs 81 cr thru QIP (21 November 12:00) |
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India cuts holdings of US treasuries in Sept (20 November 12:00) |
| India’s holdings of US Treasuries dropped $2.6 billion in September to $35.9 |
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Canara Bank looking at domestic acquisitions (20 November 12:00) |
| New Delhi, Nov. 19 A day after the Government asked state-owned banks to look at creating a few big banks through mergers and acquisitions, Canara Bank said on Thursday that it was scouting ... |
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ICICI Pru ties up with India Post in AP (20 November 12:00) |
| Hyderabad, Nov. 19 ICICI Prudential Life Insurance has tied up with India Post in Andhra Pradesh to distribute its products through the latter’s extensive distribution network in the State... |
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Bonds gain on disinvestment news (20 November 12:00) |
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Rupee declines as dollar rallies (20 November 12:00) |
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Call rates stay steady (20 November 12:00) |
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Jump in film production costs could hit bank funding (20 November 12:00) |
| Chennai, Nov. 19 The cost of producing films has dramatically increased in the last one and half years. This could affect bank funding for film industry, says Mr N. Kumaraswamy, Field Genera... |
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RBI should act early on inflation Rangarajan (20 November 12:00) |
| Hyderabad, Nov. 19 Given the current inflationary pressures, the Reserve Bank of India may have to act earlier than its counterparts in the Europe and US in taming the situation, according t... |
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No plans to curb foreign capital inflows for now Ashok Chawla (20 November 12:00) |
| New Delhi, Nov. 19 The Government on Thursday said currently it has no plans to restrict capital flows into the country. Queried on certain media reports that the Government could bring in a... |
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SBM board okays debt issue (20 November 12:00) |
| BANGALORE: State Bank of Mysore has informed the Bombay Stock Exchange that its board of directors at its meeting held on October 31, approved issue of Perpetual Debt Instruments of Rs 100 ... |
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Ratnagiri Gas may tie up risk cover for project soon (19 November 12:00) |
| Insurance placement for the Ratnagiri Gas and Power (RGPL) project is expected to be finalised shortly. This follows the appointment of GE as the operation and maintenance (O&M) contractor f... |
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Barclays Bank open to buys in India (19 November 12:00) |
| Hyderabad, Nov. 18 Barclays Global Retail Bank is open to making acquisitions as part of its growth strategy in India. |
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Managing risk and performance (19 November 12:00) |
| In The Economist’s Special Report on International Banking, speaking on risk, the author quotes a bank boss saying that “the securities industry was based on revenue, not on risk-adjuste... |
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Move for global common currency unlikely to succeed (19 November 12:00) |
| Thiruvananthapuram, Nov. 18 The move towards the creation of a global common currency is unviable, according to Mr Sitaram Gurumurthi, former staff member of the IMF and a Member of the Tam... |
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Union Bank plans $500-m bonds issue (19 November 12:00) |
| New Delhi, Nov. 18 Public sector banking major Union Bank of India is looking at raising $500 million (Rs 2,300 crore) via bonds before March 2010 to expand its operations abroad, its Chairm... |
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TMB celebrates Founders Day (19 November 12:00) |
| Tuticorin-based Tamilnad Mercantile Bank celebrated its 89th Founder’s Day, on Wednesday. The Managing Director and CEO of the bank, Mr G. Nagamal Reddy, delivered the Founder’s Day mess... |
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Kotak Bank opens Dubai rep office (19 November 12:00) |
| Kotak Mahindra Bank has inaugurated its representative office in Dubai, said a bank press release. Investors in West Asia can now access information on various investment opportunities in In... |
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Koda scam All norms followed (19 November 12:00) |
| New Delhi, Nov. 18 Union Bank of India, which is under the authorities’ scanner in connection with the Koda scam, has denied the Tax Department’s charges that it did not report transacti... |
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A long wait for Indian banks abroad (19 November 12:00) |
| Chennai, Nov. 18 Under WTO rules, India agreed to authorise 12 licences for foreign banks every year. |
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Investments into Indian companies likely to pick up (19 November 12:00) |
| Mumbai, Nov. 18 Investments into Indian companies, particularly in the infrastructure, insurance, and consumer goods sectors, will accelerate over the next six months on the back of valuatio... |
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Calicut City Co-op Bank posts profit (19 November 12:00) |
| Kozhikode, Nov. 18 Calicut City Service Cooperative Bank, which became operational in 2003, has posted a net profit of Rs 1.2 crore for the year ending March 31, |
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Bank credit increases by Rs 23147 cr (19 November 12:00) |
| Mumbai, Nov. 18 Bank credit for the fortnight ended November 6 increased by Rs 23,147.60 crore to Rs 28.92 lakh crore, according to the latest statement of position of commercial banks from ... |
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Crisis Management Effect on the RBIs balance sheet (19 November 12:00) |
| Despite sound fundamentals and no direct exposure to the sub-prime assets, India was affected by global financial crisis, reflecting increasing globalisation of the economy. As the balance o... |
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Believe markets or economies (18 November 12:00) |
| It’s one of the puzzles of the last several weeks. Stock markets the world over are up 50 per cent and more from their troughs. In China and India, the rise is even higher – the Sensex h... |
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Public sector banks loosen strings on personal loans again (18 November 12:00) |
| Hyderabad, Nov. 17 If you are in need of money, now may be the right time to apply for personal loan from a public sector bank (PSB). After keeping purse strings tight for quite some time, ... |
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Rupee faces resistance around 46 (18 November 12:00) |
| Rupee fluctuated in a range between 46 and 47 against the dollar over the past week as strong foreign institutional flows prevented a decline below 47. FIIs have brought in nearly $15 billio... |
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Bond prices rise on US cues (18 November 12:00) |
| Bond prices rose on Tuesday tracking the lower US treasury yields which fell following the Federal Reserve Chairman, Mr Ben Bernanke’s comment that interest rates will need to remain low t... |
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RBI panel suggests umbrella organisation to revive urban co-ops (18 November 12:00) |
| Mumbai, Nov. 17 Urban co-operative banks (UCBs) are likely to heave a sigh of relief. A Reserve Bank of India working group has recommended that an umbrella organisation be floated to provi... |
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Rich haul (18 November 12:00) |
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RBI survey upbeat on corporate profits (17 November 12:00) |
| Mumbai, Nov. 16 The professional forecasters’ survey of the Reserve Bank of India is bullish about the corporate sector’s profitability in the current financial year. |
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Banks asked to disclose to customers fees commissions received from mutual funds (17 November 12:00) |
| Mumbai, Nov. 16 In a move to curb mis-selling of financial products and ensure transparency, the Reserve Bank of India on Monday asked banks to disclose to their customers details of the com... |
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NTPC buys insurance cover for an entire village (17 November 12:00) |
| Chamoli (Uttarakhand), Nov. 16 Marking a first, power major NTPC Ltd has got an insurance cover for an entire village for five years against any disaster or mishap while carrying out work on... |
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NRI fund flows push down deposit rates (17 November 12:00) |
| Bangalore, Nov. 16 With non-resident Indians (NRIs) flooding the domestic banking system with their deposits, Certificate of Deposit (CD) rates are beginning to plunge and simultaneously dr... |
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Kerala Govt notifies revamped housing scheme for staff (17 November 12:00) |
| Thiruvananthapuram, Nov. 16 The State Government on Monday ordered reintroduction of the House Building Advance scheme for employees, as promised by the Finance Minister, Dr Thomas Isaac, i... |
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Bits bytes and benefits (17 November 12:00) |
| The story of Gopal, an ordinary Indian farmer, and the Internet is a classic example of the impact technology is having on the lives of those on the economic margins. Each year Gopal prayed ... |
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Bonds rally but close flat (17 November 12:00) |
| Bond prices strengthened slightly following bullish signals from the government securities auction. However, though the auction was well bid, the rally could not sustain and bond prices clos... |
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Rupee a tad higher on capital inflows (17 November 12:00) |
| The rupee gained marginally against the dollar on Monday, on the back of capital inflows into the country. The domestic currency opened at 46.14 and strengthened to touch an intra-day high o... |
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