MONEY & BANKING
FINANCIAL SERVICES
Bajaj Capital to expand in South; plans more retail outlets
BAJAJ Capital, an investment advisory company, is strengthening its presence in the South, which it feels is a major growth area. The company on Wednesday opened an investment centre in Chennai, its seventh outlet in the city, and is ...
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FOREX
Rupee ends flat; bond prices fall
MUMBAI: The rupee closed at 45.4050 per dollar on Wednesday in a lacklustre forex market, almost similar to Tuesday's closing levels. Dealers said that demand and supplies of the greenback were almost evenly matched throughout the ...
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CONSUMER FINANCE
Call to tap retail finance sector
THE Executive Director of ICICI Bank, Ms Chanda Kochhar, has stressed the need for penetrating retail finance sector in India, which is only 3 per cent of GDP at present. Addressing presspersons after inaugurating the new premises of P.M. Rao ...
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LIFE INSURANCE
Aviva Life sees premium income of over Rs 100 cr
AVIVA Life Insurance Company Ltd expects to earn a premium income of over Rs 100 crore for the fiscal year 2003-04. The bancassurance channel of distribution is expected to contribute a large chunk of the premium income, said Mr Stuart Purdy, ...
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Foreign partner ready to up stake in Birla Sun Life
TORONTO-BASED Sun Life Financial Inc has indicated that it would raise its equity stake to 49 per cent in its Indian joint venture, Birla Sun Life Insurance Company Ltd (BSLI). Speaking to Business Line, Mr Nani B. Javeri, Chief ...
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Top-level appointments by Birla Sun Life
BIRLA Sun Life Insurance has announced various senior level appointments in the company. "The opening up of the life insurance sector has thrown open as many challenges as there are opportunities and there is a strong need to build ...
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PRIVATE BANKS
Dhanalakshmi Bank launches bill payment facility
KOCHI: The Thrissur-based Dhanalakshmi Bank is introducing the facility of bill payments for essential services such as telephone, electricity, water supply, building tax, land tax, income tax etc, at its selected branches in the ...
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PUBLIC SECTOR BANKS
PSBs press Govt for equity buyback
PUBLIC sector banks have sought a review of the Government's decision to put on hold equity buyback from banks. High-level banking sources said they had contested the stand of the Ministry of Finance that the buyback would impact the ...
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Syndicate Bank plans more branches in AP coastal region
SYNDICATE Bank proposes to open 15 more branches in coastal Andhra Pradesh during 2004 as a part of an overall effort to increase the branch network all over the country, according to Mr K.M Shet, the Executive Director. At a press meet here ...
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Indian Bank to sell UTI MF schemes
UTI Mutual Fund and Indian Bank announced a tie-up for distribution of UTI Mutual Fund schemes on Wednesday. The schemes will be offered across 180 branches of the bank, in first instance. UTI will be making a couple of its officials available ...
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UCO Bank Kottayam branch
KOTTAYAM: UCO Bank has opened its 1,075th branch in Kottayam. Mr K.M. Mathew, Chief Editor, Malayala Manorama, inaugurated the branch at a centrally located place in the town. Mr V.P. Shetty, Chairman and Managing Director of the ...
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Cross Currency Rates
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