MONEY & BANKING
AWARDS & HONOURS
South Indian Bank bags tech excellence award
South Indian Bank has won the special award for excellence in banking technology from the Institute for Development and Research in Banking Technology (IDRBT). This award is presented to the bank as a national-level recognition for the ...
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INSIGHT
Into the world of currency trading
"Ow! That hurts," David winced. Kim, the visiting home nurse, tied the bandages as gently as she could. Recovering slightly, David asked her, "Do you know something that works non-stop like you do?" Kim ...
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INFORMATION TECHNOLOGY
UTI Bank opens 2,000th ATM
UTI Bank rolled out its 2,000th automatic teller machine at Information Technology Park Ltd (ITPL) campus at Whitefield in Bangalore. The Senior Vice-President and Southern Zone Head of UTI Bank, Mr C.P. Rangarajan, who ...
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LIFE INSURANCE
LIC Udupi division tops in `Bima School' concept
The Udupi division of Life Insurance Corporation of India (LIC) occupied the number one position in introducing `Bima School' concept in the country during 2005-06. Addressing presspersons here on Saturday, Mr M.C. Humberi, Marketing Manager, ...
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Ernakulam LIC division tops in South
The LIC Ernakulam division has become the only division in Kerala and Tamil Nadu to have crossed one lakh policies as on Aug 15, 2006. The sales of new policies stood at 1,02,203. The growth rate of the division in first premium (single) is 344 ...
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DEBT MARKET
Bonds rally on hopes of low inflation, large capital flows
Several domestic corporates have begun tapping 15-year foreign currency debts through medium-term note issues in view of the attractive pricing. Credit growth slowing even as deposit base expands
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PRIVATE BANKS
ICICI Pru valuation fixed at Rs 8,000 cr
May go up to Rs 12,000 cr, feel independent valuers
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FINANCIAL INSTITUTIONS
Exim Bank to evaluate SMEs on non-financial basis
Model to be implemented this fiscal
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NON-PERFORMING ASSETS
How much of farm loans are NPAs, any guess?
Six per cent of agricultural outstandings were non-performing assets as of March 2005, as against 3.9 per cent for non-priority sectors. For priority sector SSI units, the figure was as high as 10.3 per cent. That is the good news. The bad ...
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FIXED DEPOSITS
Union Bank's new deposit scheme
The Union Bank of India has introduced a new deposit scheme, Union Cash Certificate, which will be open till October 31, according to a press release issued by Mr S. Aftab, Assistant General Manager here. These cash ...
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FCNR deposit rates cut
Lakshmi Vilas Bank has effected a downward revision on the FCNR, NRE and RFC deposit rates from September 1. The rate on the FCNR $ deposit has been slashed from 5.54 per cent to 5.41 per cent for a tenure of 1 year, to 5.24 ...
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MERGERS & ACQUISITIONS
ICICI Bank proposes to take over UWB
Board to meet today to consider proposal for merger
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Ganesh Bank merges with Federal
The Government of India has approved the merger of Ganesh Bank of Kurundwad with Federal Bank and the amalgamation came into effect from Saturday. The Government sanctioned the merger through a notification dated September 1, ...
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TRADE & LABOUR UNIONS
Nabard staff fault RBI move on bonds
Removal of priority sector status for bonds
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