MONEY & BANKING
FOREX
Rupee strengthens
The rupee strengthened by around 30 paise and closed at 43.45 against the dollar on Wednesday against Tuesday's close of 43.75. The rupee opened at 43.67, saw an intra-day low of 43.72, and finally closed at 43.45. "Call rates ...
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INFORMATION TECHNOLOGY
CanBank opens more ATMs
As part of launching 125 ATMs across the country, Canara Bank has opened two new ATMs in Thiruvananthapuram. One of the ATMs is at SUT Hospital and the other at Trivikramangalam and were inaugurated by Mr P. Mohanan, General ...
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GENERAL INSURANCE
ONGC offshore asset valuation higher this year
Chairman may hold meeting with brokers on Friday
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RBI & OTHER CENTRAL BANKS
RBI on track for Basel II adoption by March next
`Real time gross settlement system usage low'
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PRIVATE BANKS
South Indian Bank branch in Ranchi
The Governor of Jharkhand, Mr Syed Sibtey Razi, opened the 475th branch of the South Indian Bank (SIB) at Ranchi on Tuesday. Mr Razi commended the bank for establishing a large network of core banking branches in the private ...
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PUBLIC SECTOR BANKS
IDBI Capital signs MoU with Oriental Bank
IDBI Capital Market Services Ltd on Wednesday signed a memorandum of understanding (MoU) with Oriental Bank of Commerce (OBC) to offer e-trading services through www.IDBIpaisabuilder.in. The portal ...
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Canara Bank achieves business target
Canara Bank's business growth target for the current financial year was on track, with credit growing at 20 per cent this year. Speaking to reporters here today Canara Bank's Chairman and Managing Director, Mr M.B.N. Rao, said: "With the GDP ...
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GOVT BONDS
Bond prices rise by 25 paise
Bond prices rose by around 25 paise in anticipation of liquidity improving ov the next few days. Total traded volumes on the order-matching system were around Rs 635 crore. Dealers said sentiment was bearish during the first ...
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CORPORATE BONDS
LIC invests in Vijaya Bank's bonds
Life Insurance Corporation of India has invested Rs 300 crore in long-term bonds of Vijaya Bank. The bonds are of a tenor of 15 years and carry an interest rate of 10.10 per cent. Both parties have an option to return or call for return of the ...
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Kotak Mahindra plans $45-m bond issue to IFC
To meet capital adequacy and diversify funding sources
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NON-PERFORMING ASSETS
Creditor can take possession of assets of defaulters: HC
A creditor was entitled to proceed against the borrower in accordance with the provisions of the Securitisation and Reconstruction of Finance Assets and Enforcement of Securities Interest (SARFAESI) Act without the withdrawal of the OA (original ...
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SHORT TERM INSTRUMENTS
Call rates touch 75% intra-day; RBI steps in
Green signal for banks to lend funds borrowed from repo window
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FIXED DEPOSITS
Fixed maturity plans turn attractive as companies' deposits lose shine
Companies accepting deposits, already a dwindling community, are on the backfoot. Many of them, unwilling to increase interest rates, are faced with the situation where investors are not ready for renewals. Instead, some sections are moving away ...
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OVERSEAS INVESTMENTS
UTI Bank branch in Hong Kong
UTI Bank Ltd has opened a branch in Hong Kong with plans to offer a range of products to corporates and individuals. The branch will concentrate on activities such as corporate finance, trade finance and retail banking. Mr P.J. ...
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TRADE & LABOUR UNIONS
Bank unions drop strike plan
The proposed three-day all India bank strike from March 28 was withdrawn on Wednesday after reconciliatory proceedings between the striking trade unions and the Indian Banks Association (IBA) at the Labour Ministry succeeded in convincing both ...
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