MONEY & BANKING
FOREX
More relief under way for rupee-hit exporters
Foreign Trade Policy coming up next month
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Rupee continues to slide
The rupee weakened further against the greenback on Friday on dollar buying by some foreign banks, said foreign exchange dealers. The home currency opened at 39.52/53 and saw an intra-day high of 39.47, before ending the day at 39.62/63, ten ...
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INFORMATION TECHNOLOGY
PNB begins cheque truncation
Punjab National Bank has commenced cheque truncation system (CTS) in the National Capital Region (New Delhi). The system has gone live in 10 branches of PNB in New Delhi.The Reserve Bank of India had initiated steps for implementation of cheque ...
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TAXATION
Infrastructure loans: Banks want tax sops
Seek exemption from TDS
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PUBLIC SECTOR BANKS
Syndicate Bank's new ATM
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FOREIGN BANKS
Firstsource to service Barclays’ credit card users
Deal involves $80-m revenue over 5 years
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INTEREST RATES
SBH cuts interest rates
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GOVT BONDS
Bond market range-bound
The bond market was range-bound. There was no change in the market post the auction, which was on expected lines, said dealers. Although inflation for the week ended was slightly higher (4.11 per cent as on January 26, against 3.93 per cent in ...
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CREDIT MARKET
Slowdown in banks’ non-food credit growth
Excess investments in SLR securities; forex reserves rise $4.4 billion
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SHORT TERM INSTRUMENTS
Call rates close lower
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TRADE & LABOUR UNIONS
Bank unions object to payments corporation formation
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RIGHTS ISSUE
SBI rights issue may open on Feb 18
Cabinet may take up SBS merger next week
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