MONEY & BANKING
INSIGHT
Clear shift in RBI's monetary stance
IN its mid-term review of monetary policy on October 26, the central bank not only hiked the repo rate by 25 basis points; it also very clearly shifted its monetary stance. If you look at the stated monetary stance of the RBI as of May 2004 ...
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DEBT MARKET
Bond market stays tight despite RBI intervention
BONDS went into a tailspin last week prompted by tightening liquidity in a market dominated by weakening foreign currency inflows and fears of a resurgence in inflation. Traders said that oil companies were active , locking into the prices when ...
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PRIVATE BANKS
Ministry wants RBI to review ownership norms for private sector banks
THE Ministry of Finance has suggested to the Reserve Bank of India that when a bank is looking at investing in an Indian private sector bank, the central bank should also consider the equity structure of the investor bank to determine the extent ...
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PUBLIC SECTOR BANKS
AGRICULTURE & FOOD TECHNOLOGY SHOW, MUMBAI — A BUSINESS LINE FEATURE
Banking on agri-credit
STATE Bank of India, the country's biggest lender, is targeting disbursements of Rs 400 crore for the agriculture sector in the State of Maharashtra alone, by the end of this financial year. In the first six ...
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Allahabad Bank targets agri-credit above Rs 3,000 cr
ALLAHABAD Bank has set a target of Rs 3,016 crore as credit flow to the agriculture sector during the current fiscal, a three-fold increase from the previous fiscal's disbursement of Rs 848 crore. The bank has ...
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CREDIT MARKET
United Bank targets diversified loan portfolio
THE biggest challenge facing the management of United Bank of India currently is how to help its employees imbibe a total business culture as a means to achieve higher profits with growth, according to Mr Parkash Singh, CMD of the bank. By ...
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SBH sanctions loans worth Rs 150 cr
THE State Bank of Hyderabad (SBH) has in-principle sanctioned loans to the tune of Rs 150 crore to over 5,000 persons out of the 15,000 people who visited its two-day "Festival Loan Mahotsav" that concluded on Saturday. The amount of loan ...
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Diwali offer from SBI
THIRUVANANTHAPURAM: State Bank of India (SBI) has reduced the interest rates on housing, car, personal and festival loans in a special campaign during the run-up to Diwali. An official said here that the new rates would be 7.25 per cent ...
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CO-OPERATIVES
Payment to Vasavi depositors
HYDERABAD: RBI has accorded permission for payment of Rs 20,000 to the depositors of Vasavi Cooperative Urban Bank Ltd. RBI has issued directions to this effect on Friday, according to a press release by the Commissioner for Cooperation ...
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Cross Currency Rates
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