MONEY & BANKING
COURTS/LEGAL ISSUES
Prudential Bank shareholder moves High Court contesting RBI order
IN an interesting turn of developments at Prudential Bank whose banking licence was cancelled by the Reserve Bank of India last week, one of the bank's shareholders has moved the Andhra Pradesh High Court contesting the RBI order and the ...
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FOREX
Rupee recovers, gains 52 paise
THE rupee recovered some of its earlier losses on Monday as it ended at 44.2750/2850 against the dollar, 52 paise stronger than its previous close at 44.79/80 on Friday. The weakening of the dollar in the international foreign exchange market ...
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RBI & OTHER CENTRAL BANKS
Banks told to comply with directions on savings bonds
Enquiries with the official connected with issue and servicing of savings bonds were redirected to the agents engaged in such activity.
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PRIVATE BANKS
ICICI Bank board okays sponsored ADR size
THE board of directors of ICICI Bank Ltd on Monday approved the size of the sponsored American depository receipt (ADR) offering to be up to a maximum of 6 per cent of the bank's paid-up equity share capital. This would be about 44 million ...
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PUBLIC SECTOR BANKS
BoI's car loan mela in Coimbatore
COIMBATORE: Bank of India, Bharathiyar University Branch, Coimbatore, is holding a car loan mela in association with Ambal Auto, a Maruti dealer, at the bank's premises on December 14 and 15. Eligible applicants would be sanctioned car ...
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GOVT BONDS
Securities recover after ruling weak
IN the domestic bond market prices fell nearly 65 paise across certain securities, before they recovered towards the end of the day, as market reacted on news of Government seeking approval of Parliament for additional spending in this ...
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MERGERS & ACQUISITIONS
Union Bank chief stresses need for consolidation
THERE is a need for consolidation in the banking sector as it will help banks balance their economies of scale and optimise costs, according to Mr K. Cherian Varghese, Chairman and Managing Director, Union Bank of India. Speaking to ...
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Cross Currency Rates
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