MONEY & BANKING
OVERSEAS BORROWINGS
IOB to raise $200-m foreign currency loan
Net up 21 pc despite revaluation loss
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FOREX
Rupee trades stronger
The rupee traded strong on the back of a weak dollar overseas on Thursday. The home currency opened at 46.70, and touched an intra-day high of 46.55 to finally close at 46.60/62. On Wednesday, the rupee ended at 46.80. Dealers ...
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INSURANCE
Lloyd's scholar prize
Lloyd's, the London-based company specialising in providing insurance services to businesses, has announced an annual scholar prize of $1,000 to the best student from the Institute of Insurance and Risk Management (IIRM) here. ...
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`Detariffing will trigger boom in retailing of insurance'
As India readies itself for the second phase of insurance reforms, detariffing should not lead to a free-for-all situation and chaos, the Insurance Regulatory and Development Authority (IRDA) has said. Mr C.S. Rao, Chairman of IRDA, said ...
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FINANCIAL PERFORMANCE
Lower treasury income drags down SBI Q1 net
Profit falls 35 pc to Rs 798.5 cr; staff costs rise to Rs 1,924 cr
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LIC Housing net down 25 pc
LIC Housing Finance has reported a decline of 25 per cent in its net profit for the first quarter ended June 30, 2006. Net profit fell to Rs 37.46 crore from Rs 50.17 crore in the corresponding year-ago quarter, as higher ...
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Syndicate Bank Q1 net up 11 pc
Syndicate Bank has reported a net profit of Rs 180.58 crore for the first quarter of the current financial year, a 11-per cent increase over the corresponding period of the previous year. Addressing reporters here on Thursday, the bank's ...
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DEBT MARKET
Bonds end firm after shaky start
Prices initially fell in the bond market but ended firm after the successful completion of the Rs 4,000-crore government securities auction on Thursday. Dealers said the medium dated 7.55 per cent-5 year-2010 paper was bought by ...
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PRIVATE BANKS
No voting-related issues figure at Tamilnad Mercantile AGM
HC orders on law suits over a third of shareholdings cloud proceedings
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PUBLIC SECTOR BANKS
Union Bank's e- fund transfer service
The Union Bank of India on Thursday launched its electronic funds transfer service for exporters and became the 8th bank in the country to provide such a facility. This facility, which is based on the module developed by the ...
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GOVT BONDS
4-year Govt stock fully subscribed
The auctions of the 7.55 per cent four-year 2010 Government stock were fully subscribed. The dealers said the cut-off price was slightly below expectations. For the paper, the notified amount was Rs 4,000 crore. The RBI ...
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SHORT TERM INSTRUMENTS
Call rates move up
Call rates were between 6 per cent and 6.10 per cent, after the short-term rate hike by RBI. In the first three-day reverse repo auction under LAF, the RBI received and accepted 23 bids amounting to Rs 27,275 crore and in the ...
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TRADE & LABOUR UNIONS
Bank staff strike today
About five lakh bank employees and officers under the banner of All-India Bank Employees Association (AIBEA), the All India Bank Officers Association (AIBOA) and the Bank Employees Federation of India (BEFI) working in public sector banks, ...
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RBI employees' morcha today
As many as 2,000 employees and officers of the Reserve Bank of India (RBI) are to take a `morcha' (procession) to Parliament on Friday in protest against the proposed privatisation of cheque clearance and the "unwarranted intervention of the ...
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CO-OPERATIVES
Co-op bank staff to hold dharna today
Cooperative bank employees have decided to hold a dharna on Friday to draw the attention of the Government to their various demands. The demands include ending dual control in co-operative banks, immediate implementation of the recommendations ...
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