Financial Daily from THE HINDU group of publications
Monday, December 27, 2004

Cross Currency


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Bankers prefer yields to remain at current levels
BONDS remained steady during the week as bankers limited trades preferring to be cautious. Bankers said that they preferred to have yields at current firm levels to limit the impact on year-end yield fixtures on their third quarter results. ... More

Online trading on RTGS from today — Primary Dealers worried over locking up securities
PRIMARY dealers in government securities are jittery about starting online-trading on the Real Time Gross Settlement System (RTGS) from Monday. Under RTGS, trading and settlement takes place on-line, which is considered a faster and more ... More

ICICI Bank disclosure
CHENNAI: ICICI Bank has informed the National Stock Exchange that Mr Raghu V Nagarajan, Chief Manager, has sold 5,770 shares on December 18. Consequent to this sale, Mr Nagarajan's shareholding in the bank is nil, it informed. ... More

`Involuntary' bank mergers to get tax breaks
BANKING companies that are compelled to undertake `involuntary' amalgamation transactions need not henceforth worry about their eligibility for tax breaks available under the Income-Tax Act for set off and carry forward of losses of the ... More

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