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MONEY & BANKING
PRIVATE BANKS:
ICICI Bank raises $750 m through overseas bond issue
Mumbai, Nov. 21 ICICI Bank has raised $750 million (about Rs 3,500 crore) through an overseas bond issue, at an yield of 5.5 ...
DEBT MARKET:
Why bond markets need a leg-up
The Indian financial sector is rapidly transforming, marked by strong economic growth, robust markets and greater efficiency. However, compared to its world-class equity markets, India’s corporate bond market is still in an embryonic ...
LIFE INSURANCE:
Pay agent fee in instalments
Committee recommendations vs insurance sector. The Swarup committee recommendations for the insurance industry – calling for the abolition of selling commissions borne by policyholders – have made the players unhappy. The regulator, ...
MERGERS & ACQUISITIONS:
Punjab National Bank scouts for acquisitions
To focus more in southern, western regions. Bangalore, Nov. 21 Public sector bank Punjab National Bank is looking at acquisitions, according to its Chairman and Managing Director, Mr K.R. ...
FIXED DEPOSITS:
Chidambaram cautions Repco Bank on deposit scheme
Chennai, Nov. 21 The Union Home Minister, Mr P. Chidambaram, on Saturday cautioned the Repco Bank not to “over publicise” the bank’s newly-launched deposit scheme. Repco Bank, originally started for the benefit of ...
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