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MONEY & BANKING
FOREIGN BANKS:
Rabobank looks to upgrade Indian arm into a bank
In talks with companies to enter leasing business. New Delhi, July 20 Rabobank, a global leader in food and agri-financing, wants to upgrade its wholly-owned Indian corporate finance unit — Rabo India Finance Ltd — into a ...
LIFE INSURANCE:
SBI Life sees over 100% growth in new biz
Plans to open 250 new offices, double the number of agents employed. Kolkata, July 20 SBI Life hopes to achieve more than 100 per cent growth in new business in the first quarter of 2008-09 over the same period last fiscal, when the size of ...
CREDIT RATING:
Crisil reaffirms 11 global cos’ ratings
Crisil reaffirmed the ratings of 11 Indian arms of global financial institutions after the re-examination of its ratings. Some of the global financial institutions whose Indian entities were re-examined are Barclays Bank, Deutsche Bank, General ...
FARM CREDIT:
‘Farmers did not fully understand scope of loan waiver scheme’
About 3.5 lakh defaulters not eligible for fresh loans: State co-op bank. Mecheda (East Midnapore), July 20 Close to 3.5 lakh farmers in West Bengal, who have defaulted in the repayment of crop loans subsequent to the announcement of the ...
FINANCIAL PERFORMANCE:
State Bank of Indore’s Q1 operating profit rises 35%
State Bank of Indore’s operating profit in the first quarter of the current fiscal ended June 30, has marked an increase of 34.86 per cent on year-on-year basis to Rs 124.10 crore due to the increase in net interest income (34.91 per ...
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