MONEY & BANKING
FINANCIAL SERVICES
SHCIL in talks with States for e-stamping
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PUBLIC SECTOR BANKS
Indian Bank ATM at rly station
The District Collector, Mr S.S. Jawahar, inaugurated an automated teller machine (ATM) with e-ticketing facility of Indian Bank at Madurai railway junction here. According to a press release, this is the 12th ATM of the bank to be installed with ...
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INTEREST RATES
Interest rates likely to remain stable for now, says Kamath
New Delhi, May 8 Interest rates are likely to remain stable in the near term and liquidity in the system is quite good, according to Mr K.V. Kamath, President, Confederation of Indian Industry (CII). Mr Kamath, who is also CEO of the ...
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Corpn Bank hikes NRE, FCNR rates
Mangalore, May 8 Corporation Bank has increased the rate of interest offered on NRE term deposits and FCNR (B) deposits with effect from May 1. ...
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CREDIT MARKET
SKS Microfinance plans expansion
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SHORT TERM INSTRUMENTS
Call rates close at 5.75-6%
The inter bank call rates closed at 5.75-6.00 per cent against the previous close at 5.50-5.75 per cent. In the one-day reverse repo auction, under the liquidity adjustment facility, the RBI received and accepted 44 bids for Rs 46,625 crore. ...
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FIXED DEPOSITS
Govt concerned at high-cost bulk deposits raised by PSBs
This may lead to a regime of high interest rates
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OUTLOOK
SBI sees 35% growth in advances to mid-corporates
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PEOPLE
New S&P role for Ravimohan
Mumbai, May 8 Standard & Poor’s has appointed Mr R. Ravimohan as Managing Director and Region Head, South & Southeast Asia, based in Mumbai. Mr Ravimohan joined Standard & Poor’s in August 2007, after his 13-year ...
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