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Monday, September 08, 2003
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MONEY & BANKING

OUTSOURCING


Banks prefer outsourcing for specialised jobs
Banks are taking care not to outsource functions that involve cash handling or ones that would violate security concerns of its clientele. More

FOREX


Will there be dollar shortage on account of RIB payouts?
Depends on RBI move, SBI scheme

The Resurgent India Bonds maturity is less than a month away and there is a lot of uncertainty emanating from this. Roughly $5.5 billion are scheduled to leave the shores of the country on account of this maturity. More

DEBT MARKET


Traders see further cut in bank rate
Traders said that the euphoria over the 50 basis point repo rate cut has long evaporated from the markets. Instead, one trader said, "We are looking for similar reductions." More

PRIVATE BANKS


HDFC Bank woos RIB holders in Gulf region
HDFC Bank is offering free collection of the RIB drafts, which means a saving of Rs 2,500 on collection charges. More

FINANCIAL INSTITUTIONS


Development financing role even after conversion into bank — Govt, not RBI, to license IDBI
THE Reserve Bank of India would be taking a back seat when the Industrial Development Bank of India (IDBI) is welcomed into the world of commercial banking. According to latest plans drawn up by the Ministry of Finance, though IDBI would be ... More

ECONOMIC OFFENCES


CBI plans cell to deal with bank, securities fraud
CBI is in the process of setting up a new cell specifically meant for investigations into bank and securities fraud. Mr P.C. Sharma, Director of CBI, stated here on Sunday that RBI already has a cell for bank frauds. "However, to tackle the ... More
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Looking back
Aug. 31-Sep. 6
SBI staff asked to keep tab on transactions of `terrorist groups'

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Grading customers to grow

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Will Reddy make the Ministry walk the talk?


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