MONEY & BANKING
PUBLIC SECTOR BANKS
Dena Bank to raise Rs 300 cr tier-II capital
Ties up with UAE Exchange for inward rupee remittances
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CREDIT MARKET
Negligible defaults make education loans attractive for banks
Registers 49% growth last fiscal; seen growing 25% this year
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FIXED DEPOSITS
Karnataka Bank's FD scheme
Karnataka Bank Ltd has launched a new fixed deposit scheme for 365 days, with effect from September 15. A bank release said here on Saturday that the scheme offers a highly competitive simple interest rate of 8.25 per cent. The ...
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Andhra Bank hikes deposit rates
Andhra Bank has announced an upward revision in interest rates on domestic term deposits. In a press release here, the bank said the new rates would come into effect from September 15. While the rate on deposits below Rs 15 lakh ...
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MERGERS & ACQUISITIONS
No UWB impact on IDBI rating
Standard & Poor's said its ratings and outlook on IDBI Ltd (BB+/Positive/B), were not affected by the proposed merger with United Western Bank.Crisil has reaffirmed the ratings assigned to IDBI's debt instruments following the ..
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IDBI-United Western Bank merger
Advantage, branch and rural roots
IDBI: BUY
UWB: ACCEPT
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CO-OPERATIVES
Maharashtra appoints administrator to take charge of Pune-based co-op bank
The Cooperative Commissioner of Maharashtra has dismissed the board of the Pune-based Shree Suvarna Cooperative Bank and appointed an administrator to look after the day-to-day functioning of the bank. The decision follows the erosion of the ...
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