MONEY & BANKING
FINANCIAL SERVICES
Al Razouki ties up with Canara Bank for funds transfer
AL Razouki International, an associate of the UAE-based Cosmos Group, has tied up with Canara Bank, to launch two services/products targeted at Indian expatriates in the UAE. These products have been launched to improve service delivery and ...
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INSURANCE
`Insurance cos keen to expand, deepen market'
A FEDERATION of Indian Chambers of Commerce and Industry (FICCI) survey on `Indian insurance sector: New avenues for growth' has revealed that 91 per cent of the companies are planning to expand in urban and semi-urban market, while 70 per cent ...
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Two-day economic seminar in Kottayam
KOTTAYAM: A two day national economic seminar on `Emerging Trends in the Banking and Insurance Sectors in India' will be conducted on October 18 and 19 under the auspices of Department of Economics, St. Thomas College, Pala. The ...
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DEBT MARKET
NTPC issue inflows help bonds rally
BONDS rallied last week ignoringthe impact of international oil prices. Also, most traders preferred to book profits. Traders said that the large-scale inflows for the subscription of the initial public offering of NTPC contributed to the ...
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PRIVATE BANKS
Entry norms for pvt banks may be relaxed — Ministry seeks scaling down of Rs 300-cr capital requirement
SOFTER entry norms for private sector banks might be in the offing with the Finance Ministry nudging the Reserve Bank of India to scale down the proposed Rs 300-crore minimum capital requirement. The indicative minimum capital limit has been ...
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PUBLIC SECTOR BANKS
`Corpn Bank keen to aid social projects'
THE Chairman and Managing Director of Corporation Bank, Mr Cherian Varghese, has said that the bank believes in being a "change agent" in the development of the city. He was speaking after inaugurating a road divider, set up by the bank, in ...
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GOVT BONDS
G-Secs losing allure for banks
An indication of this is the fact that investment by scheduled commercial banks in Government and other `approved' securities during the current fiscal up to October 1 has been only to the tune of Rs 27,435 crore, against Rs 76,705 crore in the ...
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Norms on subordinated debt raising by PDs
The RBI said that the amount of subordinated debt to be raised may be decided by the board of directors of the PD.
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FIXED DEPOSITS
UCO Bank cuts FCNR (B) rates
UCO Bank has reduced the interest rates on Foreign Currency Non-Resident (Banks) deposits. The revised rates will come into force from Monday. For deposits held in US dollars, the interest rates will now be 2.16 per cent as compared to 2.29 per ...
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CONSUMERISM
Banks are `too sophisticated' for the common man
AN angry reader has sent in a fuming mail that his bank is not giving `good service'. If you are among the many who think that getting service from banks is itself tough, the word `good' may appear to be redundant. But first, let me ask my friend ...
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BOOKS
Book on banking sector to be released today
THE Corporation Bank Chair in Bank Management, Mangalore University, has come out with a book on `World Trade Organisation (WTO) and Banking Sector in India.' A press release by Prof G.V. Joshi, Coordinator of the chair, said that the ...
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Cross Currency Rates
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