MONEY & BANKING
CONSUMER FINANCE
Indian Bank's `Swarna Abharana' begins to glitter
THOUGH banks have been extending financial support for buying jewellery from leading jewel houses for quite some time now, they have never been as aggressive as Indian Bank is, at present. The enthusiasm is visible from the number of tie-ups that ...
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DEBT MARKET
Outlook for bonds remains bearish
BONDS went into a tailspin last week as foreign flows slowed down considerably and markets speculated about a possible hike in domestic interest rates. Traders also said that any hikes would be possible only after the Federal Reserve Board ...
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PUBLIC SECTOR BANKS
SBI branch at Karunagappally
THIRUVANANTHAPURAM: State Bank of India has opened a fully computerised branch at Karunagappally in Kollam district. While inaugurating the branch, the 237th in the State, Mr C. Narasimhan, Chief General Manger, Kerala Circle, said that ...
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FOREIGN BANKS
HSBC plans to bring 200-300 jobs to Hyderabad centre
HSBC Bank, London has plans to hire 200-300 people at its Hyderabad back office facility as part of its strategy to cut costs of the UK operations, the bank's spokesperson in London today told Business Line. This is part of the British ...
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GOVT BONDS
Markets can be irrational, but not forever
The domestic economic fundamentals coupled with the global interest rate outlook make it extremely difficult for the RBI to cut rates any further.
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CREDIT MARKET
Banks to study raising credit to farm sector
BANKERS under the auspices of IBA will be meeting on Tuesday to work out the modalities of implementing the Finance Ministry's latest proposal to enhance credit flow to the farm sector. The managing committee of Indian Banks' Association (IBA) ...
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FIXED DEPOSITS
Banks relying less on term deposits to raise funds
BANKERS refusing to lend may be commonplace. But a bank turning away deposits is an unusual occurrence. Something of this order appears to have happened last fiscal if one goes by the deposit figures of four banks - Punjab & Sind Bank, Andhra
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INTERVIEW
`We want predictability, we have patience to wait'
MR Sunil Mehta answers every question with the calm and measured words of a practiced diplomat. Wearing as he does, the hats of the Senior representative and Country Head & CEO of American International Group (AIG) Inc India, since April 2000 ..
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Cross Currency Rates
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