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Demand-supply imbalance in trucking capacity is now adjusted (22 March 12:00) |
| Mr T.T. Srinivasaraghavan, Managing Director of Sundaram Finance, takes a philosophical approach to most things about business. That's probably come from being drilled in the traditional val... |
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Rate hike and stubborn prices (22 March 12:00) |
| Despite official expectations that headline inflation would fall to 7 per cent by end March it still remains stubbornly high at 9.9 per cent. As if it were not bad enough that primary articl... |
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Chennai set to be hub for financial services media and entertainment (22 March 12:00) |
| The Tamil Nadu Government wants to position Chennai as a major hub for financial services and media and entertainment by offering entire gamut of services in the two sectors in the proposed ... |
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Time to revisit base rate rule (22 March 12:00) |
| The base rate rule brought in by the Reserve Bank of India, to be effective from July 1 is, both conceptually and practically, based on shaky |
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Bond yields retreat on technical correction (22 March 12:00) |
| Bond yields retreated on technical correction in thin and listless trading as markets factored in a regulatory intervention to stem |
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UCO Bank plans follow-on offer to raise Rs 400 crore (22 March 12:00) |
| UCO Bank, according to its Chairman & Managing Director, Mr S.K. Goel, has decided to raise capital by way of a follow-on public offer (FPO) instead of a Qualified Institutional Placement (Q... |
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RBI may hike rates again in April StanChart (22 March 12:00) |
| The Reserve Bank of India is likely to further hike its policy rates by 25 basis points each at its April meeting, said Dr Samiran Chakraborty, Head of India Research, Standard Chartered Ban... |
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New DGMs at Karnataka Bank (22 March 12:00) |
| Karnataka Bank Ltd has promoted four Assistant General Managers - Mr Raghurama, Mr M.V. Mohan, Mr S. Anandarama Adiga and Mr G.T. Hegde - as Deputy General Managers, according to a bank rele... |
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SBI not to hike lending rates now says Bhatt (21 March 12:00) |
| The country's largest bank, State Bank of India, is not looking to increase lending rates |
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Credit growth target for PSU banks set at 20 (21 March 12:00) |
| The Government had set public sector banks a target of 20 per cent for credit and deposit growth for fiscal 2010-11, said Mr R Gopalan, Secretary, Financial Services. As the Government was o... |
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Celebration time (21 March 12:00) |
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PSBs await green signal for joint venture in Malaysia (21 March 12:00) |
| Bank of Baroda (BoB), Indian Overseas Bank (IOB) and Andhra Bank are well on their way to setting up a joint venture (JV) bank in |
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Further RBI action hinges on efficacy of latest steps (21 March 12:00) |
| The RBI may have to go in for further hike in policy rates in its April monetary policy if its latest steps don't lead to tapering of inflationary expectations, Dr Pronab Sen, Chief Statisti... |
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Central Bank of India rules out rate hike (21 March 12:00) |
| Central Bank of India is not looking to raise its lending rates for now even as the RBI hiked its key policy rates on Friday, its Chairman & Managing Director, Mr S. Sridhar, has |
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Repo reverse repo rates hiked by 25 bps (20 March 12:00) |
| The Reserve Bank of India on Friday moved to stem inflationary pressures by raising its key policy rates – repo and reverse repo – by 25 basis points each with immediate |
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ULIP stand-off not to affect policyholders (20 March 12:00) |
| The buyers of Unit-linked Insurance Plans (ULIPs) need not worry about the stand-off between the Insurance Regulatory and Development Authority (IRDA) and Securities Exchange Board of India ... |
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Holdings in US Treasuries rise $200 m in January (20 March 12:00) |
| After falling for six consecutive months, India's holdings of US Treasuries rose slightly by $200 million in January this |
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No immediate hike in lending rates (20 March 12:00) |
| Bankers are ruling out an immediate increase in the benchmark prime lending rates following the hike in the repo and reverse repo rates by the Reserve Bank of India on |
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AP to raise Rs 1383 crore through stock auction (20 March 12:00) |
| The Andhra Pradesh Government has announced the sale of 10-year security in the form of stock to the public by auction of an aggregate amount of Rs 1,383 crore, on March 23 by the Reserve Ba... |
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Insurers asked to offer low-cost products for rural masses (20 March 12:00) |
| The Finance Minister, Mr Pranab Mukherjee, on Friday urged insurance companies to come up with innovative low-cost products for special target groups such as the rural masses and people in l... |
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Forex reserves up $128 b on revaluation (20 March 12:00) |
| Foreign exchange reserves increased by $1.277 billion to $279.708 billion for the week ended March 12, mainly on account of revaluation of reserves. The reserves have risen for the second co... |
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3-way venture (20 March 12:00) |
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Select PSBs to get Rs 9000-cr capital infusion (20 March 12:00) |
| Select public sector banks (PSBs) will by April-May get capital injection from the Government aggregating to Rs 9,000 crore to enable them to maintain a minimum Tier-I capital of 8 per cent ... |
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Corporation Bank targets Rs 2 lakh cr biz (20 March 12:00) |
| Corporation Bank is targeting total business of Rs 2 lakh crore by the end of March 2011. “We will be crossing Rs 1.50 lakh crore business by the end of March, 2010 and are confident of cr... |
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National Insurance opens motor business hub (20 March 12:00) |
| In order to facilitate speedy settlement of motor claims of Maruti customers, the National Insurance Company has launched a motor business hub in the |
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Manappuram declares bonus issue stock split (20 March 12:00) |
| The board of directors of Manappuram General Finance and Leasing decided to go in for a stock split and bonus |
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Corporation Bank bags award (20 March 12:00) |
| Corporation Bank has bagged SKOCH Challenger Award 2010 for ‘Inclusion Champion of the Year', instituted by SKOCH Consultancy Services Pvt Ltd. A press release by Corporation Bank said her... |
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Enrich human capital in PSBs (19 March 12:00) |
| The Rakesh Mohan Committee on Financial Sector Assessment (CFSA, March, 2009) made an observation that compared to developed markets, banks in India are overstaffed and their productivity le... |
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Slow credit offtake may dent banks profits (19 March 12:00) |
| Faced with sluggish credit offtake and hardening yields, bottomline of most banks is expected to take a knock this year |
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United Bank up marginally on Day 1 (19 March 12:00) |
| After receiving a fairly good response to its initial public offering in February, United Bank of India listed with a premium of 17 per cent over its issue price on the BSE on |
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SP pegs growth in next fiscal at 8 (19 March 12:00) |
| Global rating agency Standard and Poor's on Thursday raised India's rating outlook from negative to stable as it expects the country's fiscal situation to improve following the measures anno... |
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Centre may partly bear tech cost of financial inclusion (19 March 12:00) |
| The Centre has hinted that it could, to some extent, help the banks meet their technology adoption costs for more financial inclusion, especially in |
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Monetary policy should be freed up to aid productive investment Unctad (19 March 12:00) |
| Monetary policy should be geared towards facilitating productive investments in the economy instead of just targeting inflation, according to the UNCTAD Secretary-General, Dr Supachai |
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Birla Sun Life targets retirement health areas (19 March 12:00) |
| Birla Sun Life Insurance Company is planning to expand its product portfolio in retirement and health insurance segments in 2010-11, according to its Chief Financial Officer, Mr Mayank |
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Mahindra Fin offers loan against gold (19 March 12:00) |
| Designed to provide liquidity against gold ornaments, Mahindra Finance has launched ‘Loan against Gold' product in the Kerala market. It has opened an exclusive branch at Thodupuzha near |
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Limra Loma opens India office (19 March 12:00) |
| Indian life insurance companies could hope to get access to better market information and advanced training |
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CIBIL signs pact with 31 microfinance institutions (19 March 12:00) |
| The Credit Information Bureau (India) Ltd (CIBIL) has signed an agreement with 31 microfinance institutions in India to start a Microfinance Credit Information |
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Commercial vehicles lenders bet on growth (18 March 12:00) |
| Sales of commercial vehicles, that barometer of an economy's fortunes, have been robust in the past few months. For the 11-month period ended February 2010, sales of commercial vehicles have... |
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StanChart IDR listing by June to raise $1 b (18 March 12:00) |
| Standard Chartered Plc is looking at issuing Indian Depository Receipts (IDR) by June to raise around $1 |
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Unctad blames systemic failures for global monetary crisis (18 March 12:00) |
| The UN Conference on Trade and Development (Unctad) sees scant merit in the universal chorus for permitting the value of the Chinese currency, renminbi, to set freely by the ‘markets' so t... |
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Public sector insurers well capitalised under new reporting norms (18 March 12:00) |
| Capital requirements of public sector general and life insurance companies are expected to shrink substantially after the adoption of the International Financial Reporting Standards |
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StanChart strategy to grow SME portfolio (18 March 12:00) |
| Supporting SMEs (small and medium enterprises) with banking facilities in three trade corridors – India-UAE, India-Singapore, and India-China – and pitching for business from customers a... |
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Federal Banks new facility (18 March 12:00) |
| Federal Bank Ltd has launched a new facility Application Supported by Blocked Amount (ASBA), through which investors can apply for IPO/rights issues. ASBA is being offered online as well as ... |
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SKS Micro gets Rs 100-cr from SIDBI (18 March 12:00) |
| SKS Microfinance has received Rs100 crore subordinated debt from Small Industries Development Bank of India (SIDBI). “This long-term instrument is unsecured and will be repaid at the end o... |
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Karnataka Bank hikes deposit rates (18 March 12:00) |
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Strong support at 45 for USD-INR future (17 March 12:00) |
| The rupee's rally against the dollar was checked at 45.3 and the Indian currency traded in a very narrow range over the past four sessions. Similar indecisive movement in the equity market h... |
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New reverse mortgage plan may have more takers (17 March 12:00) |
| The recently launched ‘Reverse Mortgage Enabled Annuity' scheme can kill or give a fillip to the reverse mortgage scheme in India, says Mr S. Sridhar, CMD, National Housing |
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TMB hikes term deposit rates (17 March 12:00) |
| Tuticorin-based Tamilnad Mercantile Bank (TMB) Ltd has increased the interest rates on its domestic term deposits. The rates have been increased by 35 basis points in the slab of 1 year to l... |
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Crisil to add 8000 SME clients (17 March 12:00) |
| Crisil is likely to add another 8,000 SME clients to its rating list in 2010, according to Ms Roopa Kudva, its Managing Director and Chief Executive Officer. She was speaking on the sideline... |
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Central Bank sees rise in bad loans in Q4 (17 March 12:00) |
| Central Bank of India expects a further rise in delinquent loans in the fourth quarter of 2009-10. Gross non-performing assets (NPAs) were at Rs 2,477 crore while net NPAs were Rs 660 crore ... |
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