MONEY & BANKING
INSIGHT
US economy: Inflexion point for jobs?
TREASURY bondholders had a rough ride last Friday. The monthly non-farm payroll data was an unpleasant shock. The US economy added 3,08,000 jobs in March - close to three times the forecast. Although the unemployment rate rose to 5.7 per ...
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FOREX
Rupee weakens; MSBs well taken
MUMBAI: The rupee has dipped by seven paise to end the day at 43.74/75 in its value against the dollar. The RBI's stance in the market has really changed when compared to the last week and they have actively started supporting the ...
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STOCKS
SBI scrip up on reports of overseas plans
STATE Bank of India shares closed 2.08 per cent higher on the bourses on the back of news reports of its plans for acquisition of a US-based bank. SBI shares closed at Rs 627.40 on the Bombay Stock Exchange, higher by Rs 12.80, from its ...
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GENERAL INSURANCE
Smile, dental drill will be less harsh!
WHAT does a dentist want? - The tooth, the whole tooth, and nothing but the tooth! Jokes apart, there is good news for those suffering from tooth decay and gum disease. In future, toothaches aside, they will at least be spared the ...
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PRIVATE BANKS
Subscribed capital norm — Centurion Bank gets time till Dec 31
CENTURION Bank has received exemption till December 31, 2004 from the Finance Ministry and the Reserve Bankof India on meeting the minimum requirements of subscribed capital in proportion to the authorised capital as prescribed by the Banking ...
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IndusInd Bank open two more branches in Kerala
KOCHI: IndusInd Bank has opened two more full-fledged branches in the State, one at Palakkad and the other at Thrissur. With the opening of these branches, the bank's branch network in the State has gone up to five, while the national ...
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PUBLIC SECTOR BANKS
Syndicate Bank business up 40 pc
SYNDICATE Bank's total business crossed Rs 62,000 crore in 2003-04, marking an increase of about 40 per cent over the previous year. The business comprised deposits of Rs 41,000 crore and advances of around Rs 21,000 crore, according to Mr ...
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FIXED DEPOSITS
Centurion Bank cuts deposit rates
CENTURION Bank announced a cut on its domestic term deposit rates by 0.25 percentage point for various maturities with effect from April 5.The deposit with a term of above one year and up to 2 years will come at 5.75 per cent (6.00 per cent). ...
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TRENDS
NRIs prefer savings a/c to bank deposits
THERE has been a strange shift from NRI fixed deposits to NRI savings bank deposits in the recent past. In the case of Federal Bank, while the NRI savings bank deposits grew 50 per cent last year, the growth in NRI fixed deposits was just 9.75 ...
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Cross Currency Rates
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