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MONEY & BANKING
FINANCIAL SERVICES
SEBI lifts ban on Centurion Bank of Punjab for DP operations
SEBI has lifted the ban on Centurion Bank of Punjab Ltd on opening of fresh demat accounts. The order further states that it is only a prima facie finding and all issues and contentions are left open to be decided by the Enquiry Officer at a ...
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City of London launches India Advisory Council
`20-30 years later, Mumbai will be one of the five financial centres in the world'
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INVESTMENTS
`Misplaced financial optimism in India'
Awareness about insurance was high at 78 per cent; only 24 per cent actually owned policies.
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DIVIDEND ANNOUNCEMENT
Sakthi Fin special interim dividend
Sakthi Finance equity shareholders have something to cheer about. The board, after being off the dividend list since 1998, has decided to reward its equity shareholders by declaring a special interim dividend of Rs 0.50 per share ...
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FOREX
Rupee unchanged on dollar inflows
The rupee weakened slightly against the dollar on the back of importer demand. The domestic currency opened at 44.21/22 and closed at 44.1850/1950, against Tuesday's close at 44.1850. Dealers said month-end dollar demand from ...
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FINANCIAL PERFORMANCE
Vijaya Bank results
The Hyderabad Region of the Vijaya Bank has registered a net profit of Rs 38.79 crore as of January, 2007. It has done a total business of Rs 2,611.43 crore, of which deposits were Rs 1,219.89 crore and advances stood at Rs ...
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LIFE INSURANCE
Proposals invited for insurance coverage in tsunami-hit areas
The Commissioner of Municipal Administration (CMA) of the Tamil Nadu Government has called for applications from insurance companies to provide insurance coverage and social securities to members of tsunami affected self-help groups (SHGs) and ...
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GENERAL INSURANCE
General insurers slash fire cover premium rates
`Better awareness of concept can lead to fewer disputes'
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FINANCIAL POLICY
Rate hike in Japan not to impact Indian stock markets
Might affect the regional markets in Japan
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RBI & OTHER CENTRAL BANKS
RBI issues norms for doorstep banking
Beware risks involved, banks cautioned
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PUBLIC SECTOR BANKS
Oriental Bank's AP biz touches Rs 5,000 cr
Oriental Bank of Commerce (OBC) has touched a total business of around Rs 5,000 crore for the Andhra Pradesh region, where it has a network of 49 branches. The entire network offers online facility as it is equipped with core banking solutions. ...
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Union Bank plans to open 20 more ATMs in Kolkata
Union Bank of India proposes to launch 20 new ATMs in Kolkata in the next two months to bring the total to 47. Launching the two new deposit products here on Wednesday, namely, Union Double Plus Deposit Scheme and Union Double Plus Tax Saver ...
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INTEREST RATES
More banks raise prime lending rates
State Bank of Bikaner and Jaipur (SBBJ) has increased its benchmark prime-lending rate (PLR) by 50 basis points to 12.5 per cent from 12 per cent. This revision has come into effect from Wednesday. A statement issued by the bank attributed ...
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GOVT BONDS
Bond prices up by 30 paise
Bond prices rose by over 30 paise on a rise in rupee liquidity. Total traded volumes in the order matching system were Rs 6,135 crore (Rs 2,130 crore). Dealers felt the central bank's intervention in the forex market and an ...
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SHORT TERM INSTRUMENTS
Call rates slip
Call rates slipped to 6.80-7 per cent against the previous close of 7.80-7.90 per cent. In the first one-day reverse repo auction RBI received and accepted one bid for Rs 25 crore while in the first one-day repo auction RBI ...
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NEW PRODUCTS & SERVICES
Money to home
NEW PRODUCT FROM ICICI BANK: (From right) Ms. Chanda Kochhar, Deputy Managing Director, ICICI Bank; actor Shahrukh Khan, Global Brand Ambassador of ICICI Bank; and Mr Anup Bagchi, Head-International Retail Product Group, at a press conference in ...
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