MONEY & BANKING
FINANCIAL SERVICES
ABN Amro tops advisory league table
With a deal count of only 8, ABN Amro jumped to rank 1 last year, from rank 22 in 2005, as per the latest M&A (mergers and acquisitions) financial advisory league tables compiled by Bloomberg. ABN's market share in 2006 was more than a quarter, .
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PENSION PLANS
UTI MF to offer micro-pension scheme for rural women in Tiruchi
Fund house hopes to regain top slot in AUM through these initiatives
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FOREX
Rupee ends flat
The rupee ended flat and moved during the day in the narrow range of 44.10-44.13. The currency opened at around 44.13/1350, to close at 44.12/1250, against Wednesday's close of 44.12. "There was strong demand for dollars from oil ...
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INFORMATION TECHNOLOGY
Andhra Bank ATMs
Andhra Bank is inaugurating an ATM at cantonment in Vizianagaram town on Friday and another at Palakonda in Srikakulam district, according to Mr K. Sethu Prasad, Deputy General manager. In a press release here on Thursday, he ...
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RBI & OTHER CENTRAL BANKS
Forward contracts: FII norms eased
Rebooking linked to market value
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RBI board meet in Hyderabad
The Central Board of Directors of the Reserve Bank of India met here on Thursday. The meeting chaired by the RBI Governor, Dr Y.V. Reddy, reviewed key economic, monetary and financial developments. The Central Board of ...
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PRIVATE BANKS
Assocham plea to Ministry
Industry chamber Assocham has urged the Finance Ministry to allow all private banks to raise foreign currency borrowings to finance infrastructure projects and exempt them from paying a withholding tax on interest charged on such ...
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PUBLIC SECTOR BANKS
Indian Bank to open branch in Dharavi
In his Budget speech last year, the Union Finance Minister, Mr P. Chidambaram, promised that recapitalisation bonds issued to banks would be given `SLR status'. When implemented, the move would benefit Indian Bank immensely because the bank is ...
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Govt pulls up banks over compliance
Anti-money laundering reports
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GOVT BONDS
Bond prices take a beating
Bond prices took a beating of 35 paise in expectation of higher inflation numbers on Friday. Total traded volumes on the order matching system were Rs 895 crore (Rs 1,590 crore). Market participants are anticipating domestic ...
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SHORT TERM INSTRUMENTS
Call rates decline to 6.7-6.9%
Banks did not borrow from the RBI under the repo window. There were no bids in the first one-day and second one-day repo auction under LAF. "The RBI's continuous intervention in the market has improved the liquidity in the ...
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CREDIT CARDS & DEBIT CARDS
ICICI Bank looking for US partner for remittance biz
Launches rupee-denominated card for beneficiaries of NRIs
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FIXED DEPOSITS
Karnataka Bank's new scheme
Karnataka Bank Ltd has introduced one more deposit scheme with a higher interest rate offer. The scheme will be effective from February 12. A bank release said here on Thursday that the new deposit scheme for 600 days carries ...
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CONSUMERISM
No passbooks, only statements
Most foreign and some private sector banks are yet to issue free passbooks to depositors as advised by the RBI. While some private banks such as ICICI Bank said they would introduce passbooks shortly, most foreign banks said they have no ...
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CO-OPERATIVES
AP Co-ops' plea to Nabard
The President of the Andhra Pradesh State Cooperative Bank Ltd, Mr Vasanta Nageswara Rao, has urged Nabard to help cooperatives in the country, especially those in Andhra Pradesh. At a meeting with the Chairman of Nabard, Dr Y.S.P. Thorat, in ...
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