MONEY & BANKING
FOREX
Rupee touches 3-year low
The rupee touched a three-year low of 46.75 on Monday, as oil prices continued to rule high due to the political crisis in the West Asian region. This led to a strong dollar demand and the greenback strengthened against all major ...
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FINANCIAL PERFORMANCE
Dewan Housing Q1 net profit rises 26 pc
Dewan Housing Finance Corporation Ltd (DHFL) has recorded 26 per cent rise in net profit during the first quarter ended June 2006. Net profit stood at Rs 9.93 crore for the quarter compared to Rs 7.88 crore in the corresponding previous ...
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DEBT MARKET
Bond prices decline
Bond prices fell by around 15 paise and sentiment was bearish on Monday. There was some sell-off and hardly any buying interest. The traded volume was around Rs 860 on the order-matching system. Dealers said they were following a ...
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PRIVATE BANKS
South Indian Bank hits FII limit
The Reserve Bank of India today said that no further purchases of equity shares of South Indian Bank should be made on behalf of foreign institutional investment (FIIs) through primary and secondary markets in India under the ...
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UTI Bank: Sustained interest seen
UTI Bank on Monday clocked a volume of 1.41 lakh shares on the NSE, which brokers attributed to sustained interest in the stock by traders. The counter closed at Rs 260.25, down by 5 per cent. The bank, it is pointed out, has declared fairly ...
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CORPORATE BONDS
Syndicate Bank to raise Rs 250 cr thru bond issue
Syndicate Bank has entered the market with a 10-year bond issue for raising Rs 250 crore. The bank has priced the issue at 9.35 per cent for 15 years. The coupon rises further by another 50 basis points in the event of the call option not ...
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CREDIT MARKET
Union Bank to shore up exposure to SMEs, farm sector
Union Bank of India intends to notch up a total business of Rs 1.6 lakh crore for the financial year ending March 2007, up from Rs 1.32 lakh crore it has at the moment. It expects to generate additional business from such key areas as agriculture ...
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SHORT TERM INSTRUMENTS
Call rates remain flat
Call rates remained unchanged on Monday 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 14 bids amounting to Rs 13,920 crore and in the ...
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FIXED DEPOSITS
Union Bank positions FD scheme against NSC
Union Bank is positioning its new fixed deposit scheme - Union Double - against such conventional investments as NSC, Mr Nair indicated, adding that the FD will enable depositors to double their allocations in 8 years 9 months. The rate of ...
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OVERSEAS INVESTMENTS
Andhra Bank plans to expand presence across West Asia
Focus on low-cost deposits to sustain growth
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UTI Bank opens office at Shanghai
UTI Bank has set up a representative office at Shanghai, China. The office would facilitate and promote trade related services between the bank in India and commercial entities in China. It would also act as an advisor to the ...
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PRIVACY
Are KYC norms crossing the limits?
It could be a time-consuming job for customers to provide all details
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CO-OPERATIVES
Panels to probe Kerala co-op sector malpractices
No political vendetta, says Minister
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