MONEY & BANKING
INSIGHT
Expect some monetary measures soon
No one had ever expected the year-on-year wholesale inflation to shoot up by almost a hundred basis points in a week. One realised later after looking at the break-up of the index that the minerals component of the primary articles had more ...
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CONSUMER FINANCE
SBT-Bajaj auto finance
THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) and Bajaj Auto Ltd have entered into a partnership to provide finance for all motorcycles manufactured by Bajaj, according to a press release issued by SBT. The features of the ...
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GENERAL INSURANCE
YSR launches health scheme for journalists
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has launched a health insurance scheme for working journalists of Andhra Pradesh here on Sunday. This is considered the first of its kind insurance scheme in the country exclusively ...
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DEBT MARKET
Weak trend in bond market continues
BOND prices continued to plummet as worries over inflation mounted in the financial markets along with the hardening of oil prices in the global market. Traders said the slowdown in the foreign currency flows was having a toll on the bond ...
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PUBLIC SECTOR BANKS
Onam Bonanza from SBI
THIRUVANANTHAPURAM: State Bank of India (SBI) has cut interest rates on housing loans and car loans during the forthcoming Onam festival period. The reduced rates would be applicable only in Kerala, and for those loans sanctioned ...
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Syndicate Bank relaxes norms for education loan
THIRUVANANTHAPURAM: Syndicate Bank has relaxed norms for its education loans, according to a bank spokesman. No collateral or third party guarantee would be required for education loans up to Rs 4 lakh. For loans exceeding Rs 4 lakh ...
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SBH gesture for mentally challenged
HYDERABAD: The State Bank of Hyderabad (SBH) has announced here on Sunday that it has donated a mini-bus to Anuraag Human Services, a city-based voluntary organisation serving mentally challenged and old aged persons. In a press ...
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FINANCIAL INSTITUTIONS
Exim Bank expanding presence in film financing
`We go through the script and the star cast. But ultimately, we take a call on the producer before funds are disbursed
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INVESTOR GRIEVANCES
Nagging fears over `safety'
The series of skeletons tumbling out of the closets of banks every other day has shaken depositor confidence to thecore. Over the past couple of years, scandals, scams and `rumours' of financial mismanagement have plagued the banking system, ...
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INTERVIEW
`Due diligence on banks must before depositing'
OVER the next few months, the banking sector may well have to fasten its seat belts to ride out the rough weather in the wake of rising inflation, hardening of interest rates globally and several other trying issues. Industry experts contend ...
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CO-OPERATIVES
`Products of co-op bodies must be encouraged'
THE Vice-President of the Central Arecanut and Cocoa Marketing and Processing Co-operative (Campco) Ltd, Mr Krishna Bhat, has stressed the need for encouraging the products manufactured by co-operative organisations. Presiding over a function ...
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INVESTOR PROTECTION
OBC chief allays fears of GTB customers
WITH all branches of the erstwhile Global Trust Bank (GTB) coming under the fold of the Oriental Bank of Commerce (OBC) from Saturday, the OBC top brass is busy in an exercise to boost the morale of the staff and customers of GTB. Welcoming the ...
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Cross Currency Rates
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