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MONEY & BANKING
OUTLOOK:
Corporate bond market may see flurry of activity post-Budget
Govt thrust on infrastructure, tax sops to spur more issues. Mumbai, June 29 The lull in the corporate bond market seen in the first quarter of this fiscal is expected to change after ...
OUTLOOK:
Banks looking to govt for capital infusion
To leverage perpetual instruments, subordinated debt routes for more resources. Bangalore, June 29 Public sector bank (PSB) chiefs have expressed reservations about divestment in the banking sector to meet the government’s fiscal ...
FINANCIAL INSTITUTIONS:
ECGC sees claims rising to Rs 550 cr this fiscal
To examine demands worth Rs 300 cr from gems and jewellery sector. Bangalore, June 29 The Export Credit Guarantee Corporation (ECGC) will examine claims worth Rs 300 crore from the gems and jewellery sector on account of payment defaults by ...
RBI & OTHER CENTRAL BANKS:
They have bank accounts, but make little use of them
RBI follows up on financial inclusion efforts. Madurai, June 29 A Reserve Bank of India (RBI) has recently done a survey to understand the banking behaviour of the financially included rural population in Madurai district and the banker’s ...
GOVT BONDS:
Bonds prices up
Bond prices opened with a positive gap because there are no scheduled auctions this week. Although prices closed higher by 35 paise, for a major part of the day they were range-bound due to profit booking, said a bond dealer with a private bank. ...
HUMAN RESOURCES:
Spurred by sops, banks gear to train, guide rural youth
Mumbai, June 29 “Give a man a fish and you feed him for a day. Teach him to fish and you feed him for ...
FINANCIAL SERVICES:
Infra advisory, investment banking services put at $10 b
Hyderabad, June 29 With more infrastructure projects spanning power, roads, airports and ports expected to get into implementation mode during the Eleventh Plan, investment banking and transaction advisory services worth about $10 billion ...
PUBLIC SECTOR BANKS:
UCO Bank may raise Rs 500 cr via follow-on public offer
Kolkata, June 29 UCO Bank may exercise the option of raising Rs 500-600 crore worth capital through follow-on public offer by the third quarter of 2009-10, according to its Chairman and Managing Director, Mr S. ...
PUBLIC SECTOR BANKS:
SBI to offer dealers loans at a discount
Mumbai, June 29 State Bank of India will offer loans to dealers of large corporates at a discount and also waive mortgage charges under a special scheme starting from July 1. The campaign will run over the next six months, said a press ...
FOREX:
Rupee ends on flat note
The rupee was flat on Monday in a range-bound market. The domestic currency opened at 48.06 and strengthened to touch an intra-day high of 47.95. It weakened to touch an intra-day low of 48.26, before closing at 48.10, unchanged from the ...
GENERAL INSURANCE:
NGO's health insurance scheme
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SHORT TERM INSTRUMENTS:
Call rates end at 3.25-3.30%
The inter-bank call rate ended at 3.25-3.30 per cent, as against the previous close of 3.20-3.30 per cent. Under the liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse repo auction, the Reserve ...
FINANCIAL INSTITUTIONS:
APSFC clears 69 proposals
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CO-OPERATIVES:
Agrasen Bank branch
The Agrasen Cooperative Urban Bank Ltd has opened its third branch in the city in Rikab Gunj. Ms Sabita Indra Reddy, Minister for Home, Government of Andhra Pradesh, formally inaugurated the branch on Sunday in the presence of the ...
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