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Wednesday, February 01, 2006
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MONEY & BANKING

INSIGHT


Fed may water down language
On Tuesday, an era in the US Federal Reserve came to an end. Mr Alan Greenspan, who has been the Fed's Chairman since 1987, retired. It coincided with the meeting of the Federal Open Market Committee (FOMC), which sets US interest rates. Even ... More

FOREX


Rupee firm; bond prices move up
MUMBAI: The rupee was firm against the dollar on Tuesday due to good supplies related to the Holcim offer and more inflows expected with the Sensex inching close to the 10,000 mark, said dealers. On Tuesday, the rupee opened at 44.12/13 ... More

LIFE INSURANCE


MetLife cover for Deutsche Tax Saving Fund investors
IN what probably is the first tie-up of its kind between two foreign outfits in India, Deutsche MF and MetLife Insurance have joined hands to provide a life cover to those who invest in Deutsche Tax Saving Fund. The asset management company ... More

FINANCIAL MARKETS


Rakesh Mohan allays fears of liquidity crunch
DR Rakesh Mohan, Deputy Governor of RBI, allayed fears about the liquidity crunch and said there were instruments to ease it. "The injection mode is available through the Liquidity Adjustment Facility (LAF) and there are instruments to smoothen ... More

PRIVATE BANKS


UTI Bank opens branch in Anantapur dist
HYDERABAD: UTI Bank has opened a new branch in Anantapur district, its first on Tuesday. Speaking at a function, Mr S. Chatterjee, Executive Director, said the bank has a network of 327 branches across the country. ... More

CORPORATE BONDS


Oil bonds being sold at heavy discounts
FACED with under-recoveries and tight cash situation, oil companies have begun selling their holdings of special bonds placed with them by the Government. Sources said that this had driven the yield-to-maturity on these bonds close to 8 per ... More

SECURITISATION


Final RBI norms on securitisation soon
THE Reserve Bank of India is likely to issue the final guidelines on securitisation by Thursday, said the Deputy Governor, Mr V. Leeladhar. The RBI had issued the draft guidelines in April 2005. Speaking at a seminar organised by the Indian ... More

FIXED DEPOSITS


Dena Bank hikes term deposit rates
DENA Bank hiked interest rates on the domestic term deposits by 25-30 basis points on all maturity periods. The hike is effective from February 1, the bank said. Dena Bank is the first to hike deposit rates after RBI increased the reverse repo ... More



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Top Stories
NMDC divestment: Govt seeks EoI from merchant, investment bankers


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In Focus

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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 22-Jan. 28
Bond traders wait for monetary policy review for direction

Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details

Expect status quo in credit policy review

Pref. shares may change banking landscape

`India among fastest growing markets for Visa'

India Infoline plans foray into investment banking

Forex reserves down $66 m


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