MONEY & BANKING
FARM CREDIT
Capital investment in agriculture stagnant
`Revival of rural co-op institutions will improve credit flows'
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INSIGHT
Banking regulation, supervision and Monetary Policy
So long as the conflict of interest of supervisors and regulators does not turn into a serious moral hazard problem and there are transparent institutional mechanisms that allow an arm's length relationship between the supervisory and regulatory wing s, the justification for separating supervision from regulation in economies where markets are not fully integrated is weak, says A. VASUDEVAN
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FOREX
Rupee flat against dollar
The rupee was flat against the dollar for the second day. The home currency opened strong at 46.48/50, tracking the movement of global currencies against the dollar and ended at 46.50/51. On Tuesday, the rupee closed at 46.50. ...
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LIFE INSURANCE
Andhra Bank to enter life insurance
Andhra Bank at its board meeting held on Wednesday has `in principle' decided to foray into life insurance business. The board has cleared the proposal for the bank's entry into life insurance by forming a joint venture with ...
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RBI & OTHER CENTRAL BANKS
Outlook on inflation clouded
Fuel prices dominate outcome; Manufactured products remain modest
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RBI frowns on revenue implications of SEZ policy
`Revenue loss may be justified if linkages with domestic economy ensured'
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RBI transfer to Centre up 56 pc in 2005-06
Gross income rises to Rs 26,300 cr
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Capital adequacy ratio of banks down
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Cos witness growth in profit margins
Drop in debt servicing, lower dependence on borrowed funds cut interest payouts
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PUBLIC SECTOR BANKS
BoB to raise Rs 1,000 cr thru bonds
Bank of Baroda in a move to augment its capital, has proposed to raise Rs 1,000 crore through private placement of bonds at a fixed coupon rate of 8.95 per cent per annum in the first week of September. It plans to issue fresh ...
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INTEREST RATES
Corporation Bank hikes PLR by 25 bps
The board of directors of Corporation Bank, which met in Chennai on Wednesday, has decided to increase the prime lending rate (PLR) by 0.25 percentage points with effect from September 1. With this, the bank's benchmark PLR will go up from ...
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GOVT BONDS
Bond prices close higher
Bond prices ended 15 paise higher over Tuesday's close following the drop in US treasury yields. Dealers said the yield on the US ten-year paper eased from 4.82 per cent to 4.79 per cent following the release of the minutes of ...
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SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates remained unchanged between 6 and 6.1 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 21 bids amounting to Rs 25,785 crore and in the second one-day reverse repo auction, 41 ...
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FIXED DEPOSITS
KVB unveils tax shield deposit scheme
Karur Vysya Bank launched the KVB Tax Shield deposit on Wednesday. Investments in this scheme qualify for tax benefit under Section 80 C of the Income-Tax Act. The return on investment is 50 basis points higher at 9 per cent ...
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OUTLOOK
Dhanalakshmi Bank aims at Rs 6,000-cr business
The Thrissur-based Dhanalakshmi Bank, currently having business volume of Rs 4,000 crore (Rs 2,900 crore in deposits and the rest in advances), has a target of touching the Rs 6,000-crore mark by the end of the current financial year, according ...
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