MONEY & BANKING
INSIGHT
The ARC bridge to performance
Asset reconstruction companies can help banks realise better value from their non-performing loans, says Ashwani Puri
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FOREX
Rupee tad higher; bonds erase losses
MUMBAI: Supply of dollars by public sector banks and exporters helped stem the rupee's decline seen in the past three sessions. The currency finished at 46.00/02 a dollar on Wednesday. The currency had closed at 46.1050/1150 against the ...
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STOCKS
Federal Bank stock recovers marginally
THE boardroom drama of Federal Bank has thrown the stock into a roller coaster tizzy over the last few days. On Tuesday, with the news of the resolutions proposed by the bank in the AGM and the defeat of ICICI Bank supported Directors, the ...
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CREDIT RATING
SAIL's bonds upgraded
MUMBAI: Crisil has upgraded SAIL's non-convertible bonds and fixed deposit programmes to A and FA+ from BBB and FA respectively. It also reaffirmed ratings on Tata Steel's non-convertible debentures, fixed deposits and commercial paper ...
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Tata Motors, Leyland upgraded
MUMBAI: Crisil has upgraded the ratings of Tata Motors and Ashok Leyland. Crisil said the rating upgrade is driven by significant improvement in Tata Motors Ltd's financial risk profile, which it is expected to sustain in the medium ...
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RBI & OTHER CENTRAL BANKS
Normal business at RBI offices
PRIVATE BANKS
`Proxy' war in bank turf
The rejection of proxies that tilted the election results during the wee hours on September 28 against the board's nominees in favour of the bank Chairman could be an overplayed exercise for two reasons.
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Federal Bank probing all legal options on stay order
ON the stay order obtained by ICICI Bank on all the resolutions which were put to vote at the AGM on Monday, Federal Bank is exploring all legal options including approaching the Kerala High Court for a stay as well as contesting the case at the ...
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PUBLIC SECTOR BANKS
PSBs shaping up for bigger global push
`The new WTO regime from 2005 will throw open a lot of opportunities for banks to finance importers-exporters and other corporates for trade. We foresee a lot of trade relationships being formed with India.'
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Corpn Bank celebrates Hindi Day
FOREIGN BANKS
TCS, Wipro, Infosys in race for ABN Amro deal
TOP Indian vendors TCS, Infosys and Wipro are said to be in the fray for small slices of a billion dollar outsourcing deal being floated by Dutch financial powerhouse ABN Amro. Global giants Accenture, IBM and EDS are said to be the ...
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FINANCIAL INSTITUTIONS
IDBI to be bank from Oct 1 — FI status for stressed asset fund
THE Government has accorded the status of a financial institution to Stressed Assets Stabilisation Fund (SASF) - - the Rs 9,000-crore special purpose vehicle that is taking over the non-performing assets of Industrial Development Bank of ...
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Cross Currency Rates
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