MONEY & BANKING
FARM CREDIT
Centre taking steps to help Nabard raise funds
Fiscal management policies led to closure of funding avenues: Chidambaram
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PENSION PLANS
3 entities proposed for pension fund managers
PFRDA panel submits evaluation report; contract talks to be finalised soon
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FOREX
India’s holdings of US G-secs fall in May
Bangalore, July 20 India’s holdings of US treasury securities dropped $4.7 billion in May this year, sharpest fall on a month-on-month basis, since the country began investing surplus reserves in foreign government ...
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FINANCIAL PERFORMANCE
State Bank of Indore net profit jumps six-fold
Ahmedabad, July 20 State Bank of Indore posted a net profit of Rs 64.77 crore in the first quarter ended June 30, 2007, marking a six-fold jump over the corresponding figure of Rs 10.34 crore in June 2006. The bank attributed the ...
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State Bank of Bikaner & Jaipur Q1 net up 22%
New Delhi, July 20 State Bank of Bikaner & Jaipur (SBBJ) has reported a net profit of Rs 71 crore for the quarter ended June 30, 2007, representing a 22 per cent increase over the net profit of Rs 58 crore recorded in the same period last ...
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GENERAL INSURANCE
ICICI Prudential unveils new health insurance plan
Coimbatore, July 20 ICICI Prudential Life Insurance has claimed that it has captured 10 per cent of the total life insurance market in the country.In the first two months of the current fiscal, the company earned new business premium of ...
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RBI & OTHER CENTRAL BANKS
Forex kitty swells $4.12 b, touches $219 b
‘RBI has been buying dollars to maintain the rupee at 40.35 levels’
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PRIVATE BANKS
KVB’s spouse senior citizen scheme draws good response
Karur Vysya Bank is upbeat over the response to its ‘Spouse Senior Citizen Scheme’. The scheme introduced just over a month ago has managed to attract deposits to the tune of over Rs 55 crore. The bank is confident of ...
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PUBLIC SECTOR BANKS
SHGs: Indian Bank urged to replicate TN model in Bengal
Coimbatore, July 20 Indian Bank, which has taken a large exposure to the self-help groups (SHGs), would continue to lend to this sector.The West Bengal Finance Minister, who has taken the cue from the success of the SHGs in Tamil Nadu, ...
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Canara Bank signs agreement with Railways for setting up ATMs
Canara Bank will establish ATMs at eight Railway stations coming under the jurisdiction of the Tiruchi Railway Division.An MoU has been signed between the division and the bank in this connection.The bank’s Circle Office, ...
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SBI opening 40 more ATMs in Chennai circle
Tiruchi, July 20 State Bank of India (SBI) will establish another 40 automated teller machines (ATMs) by September in the Chennai Circle comprising Tamil Nadu and the Union Territory of Puducherry, the bank’s Deputy General Manager, ...
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UBI’s branch at Virudhunagar
Union Bank of India opened its 10th branch at Virudhunagar, in Virudhunagr district, on Wednesday. Mr K. Selvaraj, Assistant General Manager, Regional Office, Madurai, speaking on the occasion, said the bank that has 2,237 branches across the ...
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GOVT BONDS
Bond prices up on excess liquidity
Bond prices went up by about 13 paise and the yield fell by two basis points on Friday backed by surplus liquidity in the system. “The ample liquidity in the system and the bullish cut-off from auction were the main reasons for the movement ...
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CREDIT MARKET
Andhra Bank educational loans
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SHORT TERM INSTRUMENTS
Call rates down at 0.15-0.25%
Buoyed by the surplus cash in the system, the inter-bank call rates closed at 0.15-0.25 per cent on Friday, lower than the previous close of 0.2-0.3 per cent. The Reserve Bank of India received bids for Rs 1,05,210 crore while it accepted Rs ...
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OUTLOOK
Bank of Baroda aims at 25-30% growth in net profit
Plans to launch operations in many African countries
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