MONEY & BANKING
AWARDS & HONOURS
Canara Bank gets ‘best bank’ award
Thiruvananthapuram, May 22 Canara Bank has received the ‘best bank’ award from Kerala’s Kudumbasree Mission for 2007-08.The award is in recognition of the bank’s performance in areas of poverty eradication and ...
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INSIGHT
Education loans — Needed, a fresh and sustainable model
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FOREX
Rupee recovers losses; ends lower
The rupee crossed the psychological 43 level during the day as the price of global crude boiled to a high of $135 per barrel. The currency, however, partially recovered its losses at close. The domestic currency opened at 43.07 and plummeted to ...
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DEBT MARKET
‘Developing a vibrant corporate bond market vital’
Chennai, May 22 The development of a vibrant and deep corporate bond market is necessary to provide an avenue for pension money coming in from overseas, as well as to meet the funding requirements of the infrastructure sector, Mr V. Mahadevan, ...
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DERIVATIVES MARKETS
‘OTC derivatives market sees steady growth in H2 of 2007’
Records strong show in the credit segment
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PRIVATE BANKS
Kotak Mahindra’s new branch
Kotak Mahindra Bank opened a new branch in Himayatnagar here on Thursday taking the total number branches in the State to seven. “We see immense potential in Andhra Pradesh and view this State as an important market in the overall growth ...
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FINANCIAL INSTITUTIONS
SIDBI Venture Capital invests Rs 30 cr in Centaur Group
Mumbai, May 22 SIDBI Venture Capital Ltd (SVCL), the wholly-owned subsidiary of SIDBI, has invested Rs 30 crore in the Mumbai-based Centaur Group. The group consists of Centaur Chemicals and Centaur Pharmaceuticals, which would be merged soon. ...
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ASSET MANAGEMENT COMPANIES
Bajaj Finserv to set up asset management, distribution co
Mumbai, May 22 Bajaj Finserv, the financial services company of the Bajaj Group, is now looking at setting up an asset management company. The company is in talks with several foreign partners for the new venture. “We will take a ...
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GOVT BONDS
Pricing pressures hit States’ market borrowing plans
Reduced interest in State loans due to competition from oil bonds
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PERFORMANCE
PNB’s Kerala circle achieves 17% growth in business
Kochi, May 22 Punjab National Bank, Kerala Circle has registered a 17 per cent growth in its total business in March 2008, which stood at Rs 3,022 crore against Rs 2,576 crore in March 2007. The deposits of the circle had also ...
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TRENDS
Banking activity in Lakshadweep remains low, says RBI study
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