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INSIGHT
Foreign remittances — Growing with the flow
The phenomenon of migration and remittances, without doubt, has been Without doubt, migration and remittances have been among the greatest integrators and levellers levelers of the 20th century. To a certain extent, it has reduced inequity, ... More

FOREX
Forex earnings from tourism up in H1
11.9% growth in arrivals between Jan-June More

Rupee volatile; ends flat
The rupee was volatile against the dollar on Thursday, taking cues from the stock marke, which lost heavily following news that international bank BNP Paribas has been forced to suspend calculation of the net asset value of three of its mutual ... More

INFORMATION TECHNOLOGY
Railways allows nine more banks to install ATMs at stations
New Delhi, Aug. 9 The Ministry of Railways has allowed nine more banks to install ATMs at railway stations. The nine banks are: Bank of Rajasthan, Bank of India, Indian Overseas Bank, ICICI Bank, UTI Bank, UCO Bank, HDFC Bank, Syndicate Bank ... More

FINANCIAL PERFORMANCE
Aviva Life posts 29-pc growth in H1
Hyderabad, Aug. 9 Aviva Life, a joint venture company with the Dabur Group, posted a 29 per cent increase in its business in the half year ended June 30, 2007. The total sales increased to £221 million in the first six months of ... More

DEBT MARKET
Bond yields harden on market stabilisation scheme revision
More

CORPORATE BONDS
Indian Bank’s recap bonds swapped for SLR securities
Chennai, Aug 9 Recapitalisation bonds worth Rs 3,150 crore, part of the stock of bonds that Indian Bank received from the Government of India between 1998 and 2003, have been swapped for other government securities that qualify as ‘SLR ... More

CREDIT MARKET
ECB curbs may see more borrowings at home
Bankers divided on uptick in loan rates More

SHORT TERM INSTRUMENTS
Call rates close at 6.10-6.30%
The inter-bank call rates closed at 6.10-6.30 per cent (6.10-6.20 per cent). Market participants feel that the liquidity condition is comfortable at present. They are, howeve,r wary of the draining out of surplus cash following the revision of ... More

CREDIT CARDS & DEBIT CARDS
Deutsche Bank to ramp up credit card distribution
Deutsche Bank wants to ramp up its distribution for credit cards to 25 cities and is in talks with prospective programme partners with strong distribution network for this purpose, its Head of Credit Cards-Asia Pacific, Mr Shameek Bhargava, ... More

SBI Card launches two premium products
New Delhi, Aug 9 SBI Card, a joint venture between State Bank of India and GE Money, on Thursday announced its foray into the premium credit card space through the launch of the ‘SBI Platinum Card’, in association with Visa ... More

INTERVIEW
‘ Profits to be hit; interest expenses may go up’
Large/medium cos to bear the brunt: IndusInd Bank Executive V-P More

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