MONEY & BANKING
INSIGHT
Who will take the lead in cutting rates?
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STOCKS
FIIs raise exposure in listed public sector banks
There are at least 10 banks where their stakes are in double digits
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FINANCIAL PERFORMANCE
Union Bank Q1 net rises 35%; cuts deposit rates
Higher net interest income, NIM drive growth
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Centurion Bank net up at Rs 33 cr
Mumbai, Jul 23 Centurion Bank of Punjab has reported a 15 per cent growth in first quarter net profit at Rs 33 crore, against Rs 28 crore in the corresponding quarter of the previous year.Mr Anil Jaggia, Chief Operating Officer, said ...
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KVB first quarter net rises 25%
Coimbatore, July 23 Karur Vysya Bank has reported a 24.93 per cent rise in its net profit during the first quarter of the current fiscal compared with the corresponding quarter of the earlier fiscal. While the operating profit increased by ...
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GENERAL INSURANCE
Skymet bets big on weather insurance for air travellers
In talks with credit card cos; Noida unit inaugurated
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RBI & OTHER CENTRAL BANKS
Rupee scales nine-year high
Aided by strong FII inflows, weakening dollar
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GOVT BONDS
Bonds gain on smaller MSS auction
Bond prices rose around 40 paise reacting to the RBI’s announcement of a relatively smaller sized Market Stabilisation Scheme (MSS) auction on Friday. Total traded volumes on the order matching system were at Rs 8,885 crore (Rs 8,595 ...
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CORPORATE BONDS
Vijaya Bank’s Rs 200-cr bond issue
Vijaya Bank has raised Rs 200 crore of lower Tier-II capital through subordinated bonds. The subordinated bonds were fully tied-up within few hours of the opening of subscription, a release issued by the bank here said. These bonds have been ...
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CREDIT MARKET
Now, scorecards to help ease loan approvals
TECH INNOVATION
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SHORT TERM INSTRUMENTS
Foreign banks prefer short-dated securities: RBI
‘Such investments help them in overnight call market operations’
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Call ends higher at 0.3-0.4%
The inter-bank call rates closed at 0.3-0.4 per cent on Monday, against the previous close of 0.15-0.25 per cent. The Reserve Bank of India received bids worth Rs 97,815 crore through the reverse repo window under the two sessions of Liquidity ...
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MERGERS & ACQUISITIONS
‘Insurance industry will be hot bed for M&A deals’
Hyderabad, July 23 In a development that can impact the consolidation aspects of Indian life insurance industry, the valuation of industry players is increasing rapidly and will impact the capital requirement of stake holders in the existing ...
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