MONEY & BANKING
PRIVATE PLACEMENT
PNB proposes placement route to raise equity
Punjab National Bank (PNB) may directly place equity shares with qualified institutional buyers (QIBs) for raising fresh tier-I equity capital in the next fiscal to fund business growth. "QIP (qualified institutional placement) is one of the ...
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RBI & OTHER CENTRAL BANKS
`A comprehensive shift to inflation management'
"Controlling inflation and getting it back within the target range of 5-5.5 per cent is a bigger challenge today for the regulator than it has been anytime in the past 3 years."
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CREDIT MARKET
Gross bank credit up Rs 9,012 cr
Gross bank credit increased by Rs 9,012 crore and stood at Rs 17,66,491 crore for the fortnight ended January 19, according to the Reserve Bank of India's Weekly Statistical Supplement. The gross bank credit was inclusive of food ...
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FIXED DEPOSITS
Andhra Bank cuts NRE rates
Andhra Bank has revised the interest rates on Non-Resident (External) Rupee Accounts (NRE Accounts) term deposits effective from February 1. The interest rates offered on different maturity periods are: For one year and less than ...
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Syndicate Bank hikes deposit rates
Syndicate Bank has increased the interest rates of term deposits of tenor of one year and above with effect from February 5 and March 31. Interest rates for deposits have been increased from 50 basis points to 150 basis points ...
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IPOS
Indian Bank: Invest at cut-off
Indian Bank's comfortable capital adequacy, fair pricing of the offer and strong brand value make it an option worth considering.
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