MONEY & BANKING
FOREX
Forex reserves have very high opportunity cost
India's foreign exchange (forex) reserves have crossed $200 billion, from a near-zero position less than two decades ago. Though our current reserves are just about a sixth of what China holds, there are some important questions the lay may like ...
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DEBT MARKET
Bonds remain weak ahead of Credit Policy
Insurers yet to return; volumes remain low
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INTEREST RATES
TMB hikes lending rate
Tuticorin-based Tamilnad Mercantile Bank (TMB) has revised upwards its prime lending rate from 12 per cent to 13 per cent per annum with effect from April 9, resulting in a hike of 1 per cent in all categories of advances ...
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CREDIT MARKET
Education loans: 80% goes for domestic courses
More disbursements made for studies within the country
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Banks target Rs 306 cr for agriculture in Nilgiris
Banks have fixed a target of Rs 306.28 crore as the outlay for agricultural activities in the Nilgiris for 2007-08. This is 60 per cent of the total outlay of Rs 510.67 crore, including Rs 106.36 crore for SSIs and Rs 98.03 crore for other ...
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FIXED DEPOSITS
Credit-deposit ratio hits a high of 74.13%
Robust economy, forex assets build-up act as spurs
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SB account holders wait for relief
Just before every credit policy announcement, there is always some speculation about a possible increase in savings bank interest rates. Another policy is just a few days away and there is hope of slight relief in the offing for over 300 ...
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ALLIANCES & JOINT VENTURES
PNB for more trading tie-ups
Punjab National Bank plans to enter into more partnerships to offer online share trading facility to over 3.5 crore customers. "In fact, we want to enter into more such tie-ups and looking at atleast 5-6 more. The idea is to ...
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