MONEY & BANKING
FARM CREDIT
Syndicate Bank unveils new loan for farmers
Mortgage product to help those in distress
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DIVIDEND ANNOUNCEMENT
South Indian Bank declares 18% dividend
With the net profit growing by 485 per cent to touch Rs 50.90 crore, the South Indian Bank has declared a dividend of 18 per cent for 2005-06. Addressing the 78th AGM at Thrissur on Monday, the Chairman and CEO, Dr V.A. Joseph, said that the ...
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FOREX
Rupee slips to 46.13/14
The rupee slipped to 46.13/14 on account of heavy demand for oil from several domestic oil companies. The currency opened strong at 45.94, due to the weakening of dollar against other global currencies and closed at 46.13/14 as ...
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FINANCIAL PERFORMANCE
Crisil posts Rs 16-cr PAT in Q2
Financial services provider and rating agency, Crisil Ltd, has posted a profit after tax of Rs 16.02 crore for the second quarter ended June 30, against Rs 5.58 crore in the corresponding quarter last year. Income from operations was at Rs ...
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Centurion Bank Q1 net zooms 160 pc
Centurion Bank of Punjab has posted 160 per cent growth in net profit for the quarter ended June at Rs 28.7 crore (Rs 11.1 crore). However, the year-ago quarter's results are for Centurion Bank alone before the merger with Bank of ...
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NBFCS
M&M Fin plans to vend insurance, MF products
Plans foray into rural housing sector
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LIFE INSURANCE
Life insurance: All bets off
In the good old days, people who got themselves bet that they would die by a certain age, while the insurer bet that they would not. If the chap did die, he `won' the bet. The insurer would then have to cough up the amount the fellow had bet; ...
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DEBT MARKET
Bond market weak ahead of auction
The bond market was weak ahead of the government securities auction scheduled on Tuesday and in anticipation of a rate hike by the central Bank in the monetary policy. Volumes in the bond market were about Rs 450-500 crore on the ...
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HUMAN RESOURCES
YES Bank's new HR initiative
`Creating' entrepreneurs
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PUBLIC SECTOR BANKS
Union Bank plans global foray
To explore growth thru subsidiaries in domestic market
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INTEREST RATES
GE Money hikes rates on mortgages
GE Money, the consumer finance unit of the General Electric Company (GE), on Monday announced an increase in its benchmark floating reference rate by 0.75 per cent with effect from July 1. This increase in the benchmark ...
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CORPORATE BONDS
Punjab & Sind Bank bond issue
Punjab & Sind Bank (PSB) is in the market to raise fresh capital (tier-II) of about Rs 100 crore to fund its expected business growth in the current fiscal. It has come out with a bond issue for Rs 100 crore along with a ...
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SHORT TERM INSTRUMENTS
Call rates remain unchanged
Call rates have remained unchanged between 5.75 per cent and 5.85 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 29 bids amounting to Rs 30,630 crore and in the ...
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TRADE & LABOUR UNIONS
Central Bank staff strike today
The Central Bank of India Employees' Association, the Central Bank Officers' Union and the Central Bank of India Employees' Union have decided to go on strike on Tuesday in protest against "unilateralism and growing attacks on trade unions by the ...
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PEOPLE
L.N. Mittal to seek reappointment at ICICI Bank
Mr L.N. Mittal, Chairman and CEO of Mittal Steel, is among the Directors of ICICI Bank who would be seeking reappointment at the bank's AGM on July 22.Mr Mittal, first appointed on the ICICI Bank board in May 2002, retires by rotation this year. ...
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