MONEY & BANKING
FOREX
Foreign currency inflows slowing
FOREIGN currency inflows into the country have substantially come down as most investors have taken a pause and remittances from non-resident Indian depositors have slowed down. Till April this year, foreign currency inflows were at least ...
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Rupee firms up; call rates spurt
MUMBAI: The rupee closed 13 paise higher on Friday at 45.11/12 against the dollar up from Thursday's close of 45.24/25. This is the second consecutive gain of the rupee. On Thursday it had gained by 14 paise. This follows a dipping ...
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HOUSING FINANCE
Can Fin Homes to pay 25 pc
CAN Fin Homes Ltd (CFHL) has set a target of 40 per cent increase in sanctions and disbursements for the financial year 2004-05. The company also plans to open offices in rural and semi-urban areas in Tamil Nadu and Karnataka, as this is a ...
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CONSUMER FINANCE
SBI tie-up with Maruti smoothens the road for car loan borrowers in Kerala
WHILE infrastructural drivers such as good roads and attendant fuel economies are widely believed to have fuelled growth in the auto sector elsewhere in the country, Kerala continues to be heavily dependent on repatriated NRI funds, cheaper ...
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LIFE INSURANCE
LIC South Zone tops in three biz segments
LIC'S Southern Zone division was ranked first among the corporation's seven zones in terms of growth and achievement in three business segments in the 2003-04 fiscal. The LIC Zonal Manager, Mr R.R. Nair, on Friday said that the zone had topped ...
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FINANCIAL POLICY
New dividend norms for primary dealers
AFTER tightening the norms for declaration of dividends by banks, the Reserve Bank of India has now done the same for primary dealers. Primary dealers or bond houses cannot declare dividend if their capital to risk weighted assets ratio (CRAR) ...
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PRIVATE BANKS
BoR gets Maharashtra nod for franking stamps
THE Bank of Rajasthan Ltd (BoR) has secured the licence for franking stamps through its various branches in the State. The licence has been received from the Inspector General of Registration & Controller of Stamps and Chief Controlling Revenue .
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PUBLIC SECTOR BANKS
Canara Bank opens branch in Udupi
NON-PERFORMING ASSETS
ICICI Bank to end legacy NPA issue — Cell for stressed assets to be dismantled
ICICI Bank is aiming to end its `legacy NPA issue' created by the reverse merger with ICICI and dismantle the special asset cell constituted to take care of `stressed assets' by March 2005. "We want to bring down our net NPA number to virtually ...
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CREDIT CARDS & DEBIT CARDS
Aircel-ICICI Bank co-branded credit card
ICICI Bank and Aircel on Friday launched co-branded credit cards for Aircel's mobile phone subscribers in Chennai. Aircel's subscribers of over a year's standing would be eligible for the cards. ICICI Bank's officials present at the launch said ...
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FIXED DEPOSITS
Corpn Bank revises FCNR(B), NRE term deposit rates
CORPORATION Bank has revised interest rates on FCNR(B) deposits with effect from June 2. A bank release said here that the interest rate on US dollar is 1.81 per cent per annum (1.82 per cent) for a period of one year to less than two years, ...
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United Bank modify rates
Cross Currency Rates
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