MONEY & BANKING
FINANCIAL SERVICES
More banks, PDs under RTGS soon
ONE hundred and twenty financial intermediaries, comprising mainly banks and primary dealers, will be brought under the network of the Real Time Gross Settlement System by June, according to Mr R. Gandhi, Chief General Manager, Reserve Bank of ...
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FOREX
Forward premiums trade at a discount
Dealers feel that the apex bank is trying to absorb the dollar liquidity in order to squeeze out the short positions in the market, more so since the launch of MSBs.
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Rupee weakens; gilts decline
MUMBAI: Driven down by demand for the greenback across the board, the domestic currency weakened to close at 43.79/80 against the dollar on Tuesday; around fifteen paise lower than Monday's 43.64/65. Dealers said there was a sizable ...
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STOCKS
Fund interest lifts IOB
ATTRACTIVE valuations have seen the stock of Indian Overseas Bank (IOB) gain strength on the bourses in the recent past. The counter, which was ruling at around Rs 45 levels as on March 15 has appreciated by almost 51 per cent to its current ...
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PUBLIC SECTOR BANKS
SBI shopping fest from today
FOREIGN BANKS
Citibank special for women
CITIBANK today launched "Woman's Account" - a new zero-balance savings account scheme for women. The scheme, which is designed for specific needs of woman customers, also offers housing loans at a concessional rate of seven per cent per ...
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FINANCIAL INSTITUTIONS
SIDBI begins assessing State financial corpns for assistance
THE Small Industries Development Bank of India (SIDBI), which is currently monitoring the recently created, Rs 10,000-crore SME (small and medium enterprises) fund has begun the exercise of assessing the financial strengths and weaknesses of ...
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SECURITISATION
Securitisation: Potential and pitfalls
AMONG the most prominent of the new-fangled gadgets of high finance is securitisation. The concept is simple. Apart from investments, assets of a bank are mostly loans given to corporates, small businesses and individuals. The major ...
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Cross Currency Rates
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