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Thursday, March 23, 2006
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MONEY & BANKING

FOREX


`Flexibility in forex reserves vital'
It's more important than size: S&P More

Rupee sheds 7 paise
The rupee fell against the greenback due to sustained dollar buying by the central bank. The domestic currency opened at 44.45/46 and dipped to close at 44.50/51. On Tuesday, the rupee had closed at 44.43/44. Dealers said ... More

SOFTWARE


TCS bags Rs 178-cr deal from BoM
To implement core banking in 600 branches More

NBFCS


Good response to Srei $50-m ECB float
The $50-million syndicated external commercial borrowing (ECB) loan floated by Srei Infrastructure Finance Ltd (Srei) has received an overwhelming response from the international community. It is learnt that the participating banks have expressed ... More

LIFE INSURANCE


Birla Sun Life sets up info kiosks
Birla Sun Life Insurance has set up information-cum-transaction kiosks in Mumbai. According to the company, these are the first such kiosks in the life insurance industry. The kiosks are self-service units that provide ... More

PRIVATE BANKS


SIB plans to expand branch network
Targets Rs 1,000-cr networth More

ICICI Bank adds ATM in Coimbatore
ICICI Bank has installed an ATM at its Mill Road branch here. It was inaugurated by one of the branch's oldest customers, Mr N. Manoharmull Kochar, Proprietor, MG Finance, on the occasion of the branch's 60th anniversary. With ... More

PUBLIC SECTOR BANKS


BoI mulls raising capital via hybrids
Bank of India is considering raising capital in foreign currency through hybrid instruments. The bank will take a decision on the hybrid instruments in the first quarter of next fiscal, said Mr M. Balachandran, Chairman and Managing Director, ... More

Corporation Bank library to be fully functional from April 1
More

FOREIGN BANKS


ABN Amro seeks to expand pvt banking
Growth from high net worth individuals More

FINANCIAL INSTITUTIONS


Allbank Fin to reduce capital base to Rs 15 cr
Plan is to have a leaner outfit More

GOVT BONDS


Securities lacklustre
The bond market was lacklustre and the traded volume was low. Dealers said the hardening of the US treasury yields also caused the Indian yields to rise. A dealer at a private bank said that the US Federal Reserve Chairman's ... More

SHORT TERM INSTRUMENTS


Call rate closes at 7.10 pc
The call rate closed today at 7.10 per cent (7-7.25 per cent). In the one-day reverse repo, under the liquidity adjustment facility, the RBI received and accepted one bid, amounting to Rs 100 crore and 24 bids for Rs 20,635 crore ... More

MERGERS & ACQUISITIONS


ICICI Bank exits SIB
Goldman, India Capital buy stake More

OVERSEAS INVESTMENTS


BoM, partners get RBI nod for Malaysian venture
Bank of Maharashtra (BoM), in partnership with Bank of Baroda and Oriental Bank of Commerce, has got the RBI approval to establish a joint venture banking company in Malaysia. These would be subject to complying with the regulations of the ... More



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Looking back
Mar. 12-Mar. 18
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