MONEY & BANKING
INSIGHT
Capital account convertibility — Carefully-calibrated approach needed
The move towards capital account convertibility calls for a conservative and cautious approach, buttressed by carefully marshalled facts.
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FOREX
Forwards rise in anticipation of hike in US interest rates
APPREHENSIONS of a possible hardening of global interest rates are now slowly percolating into the domestic forex markets. Forward premia, which have been more or less flat and even trading at a discount in some maturities since the beginning ...
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INFORMATION TECHNOLOGY
Real time clearing system: Banks ready, RBI not
JANUARY has come and gone; the online payment clearing system initiated by the Reserve Bank of India, RTGS is still in a trial phase confined to a mere four commercial banks. The RBI had planned to implement the Real Time Gross Settlement ...
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STOCKS
Private bank stocks lose sheen
EVEN as the Bankex, which comprises key banking stocks on the Bombay Stock Exchange (BSE), has gone up by about 30 points during January 2004, the smaller private banks have lost steam and moved in the opposite direction. So, even as the share ...
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PUBLIC SECTOR BANKS
Corpn Bank's IT scholarships
MANGALORE: Corporation Bank has decided to extend the last date for receipt of applications for IT scholarships from January 31 to March 31. According to a bank release here , the bank took the decision to extend the last date owing to ...
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GOVT BONDS
Insurers sell long-term papers to meet VRS payouts
BOND markets continued the free fall driven by low trading interest and concern over mounting inflationary pressures. Traders also said that the fall was induced by restriction on treasury operations by most banking and financial institutions ...
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Bad time ahead for bonds
Poor liquidity in the short-end has ensured that even a small bit of selling causes steep price falls.
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MERGERS & ACQUISITIONS
SEBI halts HSBC offer for 20 pc stake in UTI Bank
THE Securities and Exchange Board of India (SEBI) has stopped HSBC's open offer to buy 20 per cent equity share capital of UTI Bank Ltd from the public. In a notice to the BSE, SBI Capital Markets Ltd, manager to the HSBC offer, said that the ...
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INTERVIEW
Royal Sundaram to increase retail penetration
MR Antony Jacob, says, he has been having 18 hour days. The process of building a start-up enterprise and the next phase of ramping up operations have kept him busy. But he is enjoying every bit of it. A Chartered Accountant by profession, Mr ...
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Cross Currency Rates
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