MONEY & BANKING
FINANCIAL SERVICES
Reliance Money to open branch in Oman
Mumbai, March 27 Reliance Money, the financial distribution company of the Reliance Anil Dhirubhai Group plans to open a branch in the Sultanate of Oman.The company has received approval for the same from the Capital Market Authority ...
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INVESTMENTS
Yields on short-terms down as liquidity eases
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OUTSOURCING
2nd list of ‘tainted’ service providers released
Chennai/ Thiruvananthapuram, March 27 Banks are finding that they have to let go of a few more of their chosen providers of financial services. These service providers to whom banks have outsourced some jobs have been slapped with charges of ...
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FOREX
Cabinet gives nod for Indo-Japan currency swap pact
New Delhi, March 27 India and Japan would now be able to formalise the proposed bilateral currency swap agreement, with the Union Cabinet today giving its nod for such an agreement. This is expected to help both the countries tide over any ...
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Rupee strengthens
The rupee strengthened against the dollar on Thursday due to strong FII inflows into the capital market. Although oil companies were seen aggressively buying dollars in the first half, it was not sufficient to meet the heavy dollar supplies, said ...
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HOUSING FINANCE
HDFC opens branch in Tirupur
Coimbatore, March 27 Housing Development Finance Corporation (HDFC) has opened a branch in Tirupur. This is its 17th branch in Tamil Nadu.The new branch will cater to home loan seekers from Tirupur and the neighbouring regions ...
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RBI & OTHER CENTRAL BANKS
Banks asked to assess risks themselves
RBI guidelines on Basel II supervisory review
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PRIVATE BANKS
CUB to offer wealth management
Chennai, March 27 City Union Bank has announced the launch of Wealth Management Services for its clientele. Other services such as online trading in shares, debit cards from VISA, online utility payments and travel bookings will commence ...
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TMB’s branch at Sriperumbudur
Tuticorin-based Tamilnad Mercantile Bank has opened its 200th branch and 91st ATM of the bank at Sriperumbudur near Chennai. Mr G. Narayana Moorthy, Managing Director of the bank, speaking on the occasion, said that the bank has obtained licence ...
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GOVT BONDS
Bond yields steady on inflation
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CORPORATE BONDS
Corporation Bank bond issue
Corporation Bank on Thursday raised tier-II capital bonds for Rs 300 core. The bank informed the Bombay Stock Exchange that the board of directors meeting on Tuesday had given its approval for the issuing tier-II capital bonds for Rs 500 crore. ...
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SHORT TERM INSTRUMENTS
Call rates fall
Call rates dipped to close at 4.0-4.5per cent, against the previous close of 6.75-7 per cent, as liquidity improved.In the one-day auctions, under Liquidity Adjustment Facility, the RBI received and accepted one reverse repo bid for Rs 200 crore ...
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RIGHTS ISSUE
SBI rights issue bonds yield at 8.35%
Mumbai, March 27 The special bonds issued by the government of India to subscribe to the rights issue of State Bank of India, will have a maturity of 16-years and a yield of 8.35 per cent per annum, the Reserve Bank of India said in a press ...
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