MONEY & BANKING
INVESTMENTS
Mutual funds turning to debt, trim equity
Despite the steep Sensex decline, asset base expands 9% till May
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NBFCS
Subhiksha buys listed NBFC
Chennai, June 28 Subhiksha Trading Services Ltd, the closely held company that runs the country’s largest food and grocery discount retail chain branded Subhiksha, has acquired a majority stake in a Chennai-based listed entity, Blue ...
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LIFE INSURANCE
Reliance MF launches SIP scheme with insurance cover
Chennai, June 28 Reliance Mutual Fund (RMF) on Friday launched Reliance SIP Insure, an investment option with free life insurance cover. The Deputy Chief Executive officer of Reliance Capital Asset Management Ltd (RCAML), Mr Sundeep Sikka, ...
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FINANCIAL POLICY
Rising inflation in emerging markets
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PUBLIC SECTOR BANKS
Canara Bank spares home loans
Canara Bank has left home loan and auto loan borrowers out of the purview of the hike in interest rates it announced on Friday.The bank had announced a 50 basis point hike in BPLR (benchmark prime lending rate), taking it ...
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INTEREST RATES
Canara Bank PLR up 50 basis points
Canara Bank on Saturday announced its decision to increase its benchmark primary lending rate by 50 basis points from 12.75 per cent to 13.25 per cent with effect from July 1. The interest revision comes in the wake of recent hike in cash reserve ...
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SBM hikes lending, deposit rates
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BOB hikes PLR by 50 basis points
New Delhi, June 28 Bank of Baroda (BOB) has hiked its benchmark prime lending rate (BPLR) by 50 basis points to 13.25 per cent a year. The increased rate would be applicable from July 1 this year, its Chairman and Managing Director, Mr ...
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CRR & BANK RATES
RBI moves may further rock the ground for realty
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PEOPLE
New CMD for Canara Bank
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