MONEY & BANKING
FOREX
Rupee falls on sustained buying
The rupee weakened by about 36 paise against the greenback "on sustained buying of dollars by major corporate houses," said a dealer with a private bank. The home currency closed at 40.86 down from the previous close of 40.50. ...
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FINANCIAL PERFORMANCE
Sundaram Finance operating profit rises 22%
Recommends final dividend of 20%
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LIFE INSURANCE
Max New York Life unveils new unit-linked plan
Max New York Life Insurance Co Ltd has launched Life Maker Premium, a unit-linked endowment plan, which according to the company's Director - Additional Distribution and Marketing, Mr Debashis Sarkar, is tailored to the needs of the ...
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PRIVATE BANKS
YES Bank sets up $100-m fund for farm sector
YES Bank on Wednesday launched a $100-million (approximately Rs 400 crore) private equity fund called the Food and Agribusiness India Fund. The objective of the fund is to invest in around 10-15 companies in the food and agribusiness ...
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FOREIGN BANKS
StanChart opens first all-women branch
It's the lady's day out at Standard Chartered Bank at the Jodhpur Park branch, its first all-women's branch in India. With a dozen or so personnel on duty, the branch will aim at providing greater financial self-sufficiency to women customers ...
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StanChart woos women with special products
Standard Chartered Bank has launched a special savings account - christened aaSaan - only for customers of the branch. The latter, incidentally, has a large neighbourhood to serve, one that has a good number of women clients. The account ...
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GOVT BONDS
Bond prices down marginally
Bond prices fell marginally in anticipation of action from RBI. Total traded volumes on the order-matching system were Rs 2,325 crore (Rs 3,120 crore). "The sentiment was bearish and the volumes were low. Bond ...
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CREDIT MARKET
IBA: Work in progress for streamlining SME rating
`Banks must consolidate to take on foreign counterparts'
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SHORT TERM INSTRUMENTS
Call rates decline
The inter-bank call rates closed lower at 1 - 1.25 per cent on Wednesday against the previous close of 4 - 4.25 per cent `due to easy liquidity in the system,' said a dealer with a private bank. The Reserve Bank of India did ...
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