MONEY & BANKING
REGIONAL RURAL BANKS
RRBs to strike tomorrow
More than 6,000 employees of the five Regional Rural Banks (RRBs) in the State will strike work on January 5. Consequently, work at all 1,200 branches will be affected. The strike is in response to the call given by the Joint ...
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FOREX
Rupee falls by around 10 paise
The rupee fell by around 10 paise on Wednesday on the back of corporate demand. The currency opened at 44.20/25 and touched an intra-day low of 44.45/46. It, however, closed at 44.35/36 against Tuesday's close at 44.24/25. Dealers said ...
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LIFE INSURANCE
SBI Life expands capital base
SBI Life Insurance Co has hiked its capital base by Rs 75 crore to Rs 500 crore and Mr S. Krishnamurthy, MD and CEO, SBI Life said it would fulfil the company's need for expanding its distribution network. The solvency margin is now 2.9 times ...
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LIC's group biz new premiums at Rs 5,900 cr
Pact with Dena Bank for home loan borrowers
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GENERAL INSURANCE
`Consumers expect lower insurance premiums'
Brokers not needed, finds FICCI survey on free pricing
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INTEREST RATES
United Bank hikes PLR to 12 pc
United Bank of India has increased its prime lending rate (PLR) from 11.75 per cent to 12 per cent. It has also revised its domestic term deposit rates by 25 to 75 basis points with the highest being 10.46 per cent (annualised yield) for ...
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GOVT BONDS
Bond prices marginally down
Bond prices opened the day's trade bullish on lower call rates. Thye ended about six paise lower from Tuesday's close on concerns over the Rs 9,000-crore auction of government securities scheduled between January 5 and 12. Total ...
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SHORT TERM INSTRUMENTS
Call rates ease
Call rates eased to close at 6.25-6.75 per cent against Tuesday's close of 8-8.5 per cent on expectations of Government spending and inflows from the special deposit schemes. Under the first liquidity adjustment facility ...
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T-bills auction fully subscribed
The auctions of 91-day and 364-day Treasury Bills were fully subscribed, according to a press release from the RBI. The notified amount for both T-bills was Rs 2,000 crore. For the 91-day T-bill, the Market Stabilisation Scheme ...
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INTERVIEW
Three distinct trends on banking horizon
While talking to Business Line about banking in retrospect, Mr Robin Roy remembers `Blue Ocean Strategy', from Harvard Business School Press. Any business can adopt a non-combative approach and yet succeed, he says, citing the ...
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