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Saturday, April 16, 2005

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MONEY & BANKING

INSIGHT


Bank on privatisation for efficiency
Nationalisation of banks will only cripple Indian businesses. Privatisation, on the other hand, will bring in more efficiency and accountability, especially in priority sector lending. More

FOREX


Bonds volatile; rupee weakens
MUMBAI: The bond market witnessed volatility on Friday following the announcement of the auction of two government securities to raise Rs 7,000 core and a Rs 300-crore auction by the Kerala Government. Inflation figures, which were ... More

NBFCS


NBFC licence cancelled
HYDERABAD: The Reserve Bank of India has announced that it has cancelled the certificate of registration issued to Sarita Finance Ltd, which as having its registered office at the Divya Shakthi Complex in Ameerpet here, for carrying on the ... More

LIFE INSURANCE


ULIPs growing at a fast clip
The IRDA Chairman expressed the hope that the implications of this trend for the customers are fully understood by all concerned. More

PUBLIC SECTOR BANKS


Insurance venture: Bank of Baroda to finalise foreign partner soon
Ties up with Hewlett-Packard for tech upgrade

BANK of Baroda (BoB) is close to roping in a third partner for its proposed life insurance business shortly. The bank has already tied up with Oriental Bank of Commerce as its local partner and is in advanced negotiations with a foreign company ... More

FINANCIAL INSTITUTIONS


IDBI to raise Rs 10,000 cr via bonds
Industrial Development Bank of India (IDBI) proposes to raise Rs 10,000 crore by way of bond issuances during the current financial year, according to the Chairman, Mr V.P. Shetty. Speaking to press persons on the sidelines of a branch ... More

GOVT BONDS


RBI auctions to raise Rs 7,000 cr
RESERVE Bank of India proposes to raise Rs 7,000 crore through the auction of two government securities on April 19, 2005. Of this Rs 5,000 crore will be raised through the auction of 8.07 per cent 2017, 12-year paper, through uniform price ... More

CO-OPERATIVES


Credit exposure limit for urban co-ops tightened
THE Reserve Bank of India has tightened the credit exposure norms for urban co-operative banks. The single borrower limit for UCBs has been reduced to 15 per cent from 20 per cent and group borrower limit to 40 per cent from 50 per cent of the ... More

Maharashtra UCBs plan one-day strike against RBI's vision document
URBAN co-operative banks (UCBs) in Maharashtra are planning a one day-strike on April 25 to protest against the Reserve Bank of India's (RBI) proposals on streamlining the working of UCBs. The RBI had issued a draft vision document on UCBs ... More



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Top Stories
National Jute Policy aims to boost exports — Shipments to be increased to Rs 5,000 cr by 2010


Raised eyebrows over Infosys reason for guidance

IDBI to raise Rs 10,000 cr via bonds

Bharat Forge approves $100-m GDR issue

Bumper year forecast for South Eastern Rly — Spurt in demand for rakes by sponge iron units

Big FMCG brands regaining lost ground from low-priced warriors

Chinese garments come cheap

India-China trade: Win-win situation or zero sum game?

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Apr. 3-Apr. 9
Forex reserves down $1.22 b at $140.9 b

The RBI Governor's policy options

Explosive growth in micro-loan disbursements

Banks losing interest in long-dated G-secs

April 28 deadline set for pension panel report

PF subscribers face housing loan woes


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