MONEY & BANKING
PENSION PLANS
New pension schemes for Centre, 19 States
Regulator to appoint 4 fund managers
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FOREX
`Emerging economies cautious about capital account convertibility'
When does monetary sterilisation become relevant? Monetary sterilisation makes good sense when the balances of payment pressures are considered to be temporary, says Mr Ramkishen S. Rajan, Associate Professor in International Economics at the ...
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Rupee ends flat
The rupee ended almost flat on Monday. The home currency opened weak at around 44.13 as oil prices inched up to $58.13, touched an intra-day high of 44.15, to finally close at 44.10/11, against Friday's close at 44.11/12. "When ...
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RBI & OTHER CENTRAL BANKS
Bank GDRs: RBI move to curb depositories interference
To check any possible interference of depositories in the management of banks, issuing American Depository Receipts or Global Depository Receipts, the RBI has advised banks to furnish a copy of each of the depository agreements entered into. In ...
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PRIVATE BANKS
South Indian Bank unveils new logo
South Indian Bank unveiled its new corporate logo, the symbol of two hands strongly clasping on to the pillar that is the South Indian Bank. The Malayalam actor Mammootty unveiled the new logo in Kochi on Monday. Speaking at the unveiling ...
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INTEREST RATES
Hold home loan rates, Chidambaram tells banks
`Housing excluded from risk-prone segments in credit policy review'
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GOVT BONDS
Bond prices gain
Bond prices of long dated securities gained by over 40 paise on expectations of good demand for papers in this segment in the Rs 9,000 crore auction on Friday. Total traded volumes on the order matching system were Rs 3,195 crore ...
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CORPORATE BONDS
SBI to raise $700 m tier-II capital by March
State Bank of India (SBI), the country's largest commercial bank, plans to raise up to $700 million of Tier-II capital before the end of the current fiscal, its Chairman, Mr O.P. Bhatt has said. "It will be a mix including long term debt. We ...
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CREDIT MARKET
Farm credit surges to Rs 1,80,486 cr
Agriculture credit flow during 2005-06 has surged to Rs 1,80,486 crore, reflecting 128 per cent of the target of Rs 1,41,000 crore that was set for that year. The final figures of Rs 1,80,486 crore for 2005-06 is substantially higher than the ...
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SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates ruled unchanged at the previous close of 7.8-7.9 per cent. In the first one-day reverse-repo auction under LAF, the RBI received and accepted two bids for Rs 40 crore and in the first one-day repo auction, the RBI ...
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CREDIT CARDS & DEBIT CARDS
UTI Bank launches gift card
UTI Bank on Monday launched UTI Bank Gift Card — a rupee denominated, non-re-loadable card — based on the VISA platform with a validity of two years. "The minimum load amount will be Rs 1,000 and in multiples of Rs ...
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ALLIANCES & JOINT VENTURES
ATS Services, Genesis join hands
ATS Services, a financial services BPO based in New Delhi, and Genesis Corporation, Boston, USA, a global provider of Risk Management Training and Consultancy, have announced a joint venture to conduct risk management training ...
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EVENTS
`IT can be catalyst for rural growth'
Technology is the same, whether you use it in towns or rural areas. There is no such thing as separate rural technology. In the management of technology you might need different techniques and perspective. This is what the National Workshop on ...
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OUTLOOK
Vijaya Bank plans to raise Rs 500 cr
Vijaya Bank will soon raise capital of about Rs 500 crore to fund business growth, said Mr Prakash P. Mallya, Chairman and Managing Director. "It will be a mix of tier-I and tier-II capital. Under tier-I, debt offering is planned. The total ...
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