MONEY & BANKING
FOREX
Exporters may turn to EU as rupee rises against dollar
With the strengthening of the rupee against the US dollar, Indian exporters are exploring euro-denominated trade opportunities, according to a survey on exports conducted by the industry chamber FICCI. A combination of factors such as rising ...
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FOREXPERT
Rupee appreciation and AS-11
The rupee has appreciated 10-11 per cent against the dollar in recent times. Accounting Standard (AS-11) of the Institute of Chartered Accountants of India (ICAI) governs accounting of foreign currency transactions and translations. Those who ...
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HOUSING FINANCE
Tavant tool for First Horizon
Tavant Technologies, a specialised IT solutions and services provider, has been selected by First Horizon Home Loans, First Horizon National Corp company, to provide Point of Sale (PoS) mortgage solution as FHN's universal home financing sales ...
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FINANCIAL POLICY
Investors foxed as banks refuse to buy back gold
RBI guidelines don't allow it, say bankers
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DEBT MARKET
Bonds perk up as inflation fears subside
PSUs may shift investments to money market, debt funds
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PUBLIC SECTOR BANKS
Oriental Bank plans to raise more capital in July
Oriental Bank of Commerce (OBC) plans to raise more capital in July to fund business growth. The bank had in mid-April raised about Rs 500 crore of tier-II capital through bond offering at a cost of little less than 10 per cent. "We are yet to ...
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INTERVIEW
`Most internationally active banks are ready to meet Basel II norms'
Mr H.N. Sinor, Chief Executive of Indian Banks' Association (IBA), is a veteran banker with four decades of experience in the industry. After retiring as Joint Managing Director of ICICI Bank in 2003, he assumed charge as Chief Executive of ...
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