MONEY & BANKING
FINANCIAL SERVICES
Geojit opens Ramanathapuram branch
Geojit Financial Services Ltd opened its new office in Ramanathapuram on Wednesday. It is the company's 372th branch in the country and 77th branch in Tamil Nadu. Geojit opened the office in Ramanathapuram, as it is a high ...
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INSIGHT
An `interest'ing US is draining for India
Foreign investors have exited Indian markets to avail themselves of the American bonanza
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FOREX
Forex reserves fall by over $1.6 b
Drop attributed to weakening of euro against dollar.
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Rupee gains against dollar
The rupee gained against the dollar buoyed by the upswing in the domestic stock market. The domestic currency opened at 45.92/93 and strengthened through the day. It finally closed at 45.8350/8450, up from Thursday's 45.98. ...
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LIFE INSURANCE
Kotak Life declares return of 7 pc
Kotak Mahindra Old Mutual Life Insurance Ltd (Kotak Life Insurance) has declared a total return of seven per cent including a four per cent bonus on its participating contracts for the financial year ended March 2006. This is an ...
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LIC's premium income surges in Coimbatore
The growing popularity of unit-linked policies has powered the Coimbatore LIC division to register a 211-per cent growth in the collection of first premium during the current fiscal, according to Mr R. Palaniswamy, Senior Divisional Manager, LIC, ...
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DEBT MARKET
Bond prices fall on inflation data
In the bond market, prices fell in reaction to the higher than expected domestic inflation data. Inflation rose to 4.72 per cent during the week ended June 3, from the previous week's 4.68 per cent. Dealers said that the outlook ...
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PRIVATE BANKS
Kotak Mahindra UK may open branch in Singapore
To tap the continuing Indian growth story, Kotak Mahindra UK hopes to open its new branch in Singapore in a month's time. This follows several rounds of discussions held between the company and the Monetary Authority of Singapore during the past ...
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PUBLIC SECTOR BANKS
Indian Bank offers short-term farm credit
Indian Bank on Friday announced that it would provide short-term credit to farmers at a concessional interest rate of seven per cent per annum. In a press release here, the bank said with this it would become the first bank to introduce this ...
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FOREIGN BANKS
ABN-Amro keen to grow private banking biz
To look beyond metros for HNIs
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GOVT BONDS
RBI raises auction amount
The RBI has increased the amount of Government securities to be held on June 22 from Rs 5,000 crore to Rs 9,000 crore. In a press release on Friday, RBI announced the sale of the 7.37 per cent G-Sec 2014 for Rs 500 crore through multiple ...
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NON-PERFORMING ASSETS
Andhra Bank to get tough on recoveries
Asset recovery cells in select zones to be set up
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SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates remained the same between 5.75 and 5.85 per cent. In the first three-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 24 bids amounting to Rs 23,070 crore and in the second three-day ...
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FIXED DEPOSITS
LVB raises deposit rates
Lakshmi Vilas Bank has raised interest rates on domestic term deposits. For deposits of two years to less than five years, the interest rate would be 8 per cent and for five years and above the rate would be 8.25 per cent. Senior ...
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MERGERS & ACQUISITIONS
BoI close to buying East Asian bank
Plans to open branch in Doha
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ALLIANCES & JOINT VENTURES
IDFC, SBI Caps sign pact
Infrastructure Development Finance Company and SBI Capital Markets Ltd have entered into a memorandum of understanding for syndication of debt financing in the infrastructure and allied sectors. The debt financing will include ...
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Cross Currency Rates
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