MONEY & BANKING
FOREX
Rupee turns weak by 23 paise
The rupee weakened by about 23 paise on dollar buying by importers. The home currency was also seen tracking the Japanese yen against the dollar. "The market does not expect any interest rate movement in Japan so the yen weakened ...
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LIFE INSURANCE
Birla Sun aims at higher growth
Business premium growth up 36% in 2006-07
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DEBT MARKET
Bonds fall tracking US yields
Bond prices fell by around 20-25 paise on Wednesday following the hardening of the 10-year US yields to 5.28 per cent from 5.16 per cent. Domestic yields for the 10-year paper went up by around four basis points from 8.37 per cent to 8.41 per ...
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PUBLIC SECTOR BANKS
OBC new branch in eastern region
Oriental Bank of Commerce (OBC) will open on Thursday a branch at Kasba in the southern area of the city as part of its expansion drive in the eastern region. With this, the bank's total number of branches in the eastern region ...
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FOREIGN BANKS
Financial globalisation gathers momentum
RBI road map for foreign banks envisages increased role for them
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SHORT TERM INSTRUMENTS
Call rates rule steady
The inter-bank call rates closed at 2.75-3.25 per cent on Wednesday against the previous close of 3-3.25 per cent. "The auction outflows have not been able to suck out the surplus liquidity from the system. The advance tax ...
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PUBLIC OFFER
ICICI Bank readying Rs 8,750-cr follow-on public issue
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PEOPLE
New ED takes charge at Central Bank
Mr Albert Tauro has taken charge as Executive Director of Central Bank of India. Earlier, he was holding charge of Circle Office Mumbai in his capacity as General Manager in Canara Bank. ...
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