MONEY & BANKING
PENSION PLANS
NSDL to keep records for new pension scheme
Fund managers to be from among public sector AMCs
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FOREX
Rupee gains 8 paise
The rupee strengthened by around 8 paise against the dollar on Tuesday and continued to remain close to the eight-year high mark for the third consecutive day. The currency opened at 42.87/88, saw an intra-day high of 42.76/77 ...
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CONSUMER FINANCE
Hyundai Motor may bring auto finance arm to India
For servicing its expanding customer base
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FOREIGN BANKS
StanChart Bank firm on entering securities broking
In the race for a stake in UTI Securities
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StanChart plans pvt banking services
Standard Chartered Bank has decided to launch private banking services in India as part of its plan to tap wealthy customers in a better manner. The banking group, which offers such services in some of its key markets, including Hong Kong, ...
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FINANCIAL INSTITUTIONS
District credit plan fixed
Commercial banks, cooperative institutions and the Kerala Finance Corporation have together proposed an annual credit plan of Rs 2,879.66 crore in priority sector disbursements for Thiruvananthapuram district for the fiscal 2007-08. This has ...
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ASSET MANAGEMENT COMPANIES
StanChart hopes to complete transfer of AMC biz soon
Standard Chartered Bank expects the final transfer of its asset management business to UBS to take place shortly. A remittance of about $120 million, which will be reflected in this year's balance sheet, is expected to come in by way of the ...
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INTEREST RATES
IOB hikes prime lending rate
Indian Overseas Bank has increased its benchmark prime lending rate (BPLR) to 13.25 per cent from 12.50 per cent with effect from April 9, according to a press release. However, existing/fresh individual educational and housing ...
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GOVT BONDS
Bond prices rally
Spurred on by free cash, bond prices rallied by around 65 paise. Total traded volumes on the order-matching system were Rs 6,535 crore (Rs 4,655 crore). Dealers said yields eased by around 10 basis points on heavy buying from ...
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MONETARY POLICY
`Wealth Effect' complicates monetary Policy
Growth and inflation. Are they mutually contradictory? Can growth be maximised without stirring up inflation? What is the right mix of interest rates and liquidity for a desired combination of growth and inflation? In the Indian context, an ...
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CORPORATE BONDS
Insurers, MFs drive up coupon on bank bonds
Tier II capital bonds of public, pvt sector banks
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CREDIT MARKET
Acer- ICICI Bank loan offer
Acer and ICICI Bank are now providing financing options for the purchase of IT solutions by the SMB (small and medium business), SME (small and medium enterprise) and education sectors. The Acer-ICICI financing option offers ...
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SHORT TERM INSTRUMENTS
Call rates ease further
In just about 10 days into the new fiscal (2007-08), rupees were available in plenty and banks were seen parking excess funds with the RBI. Banks placed over Rs 29,120 crore with the RBI through the reverse repo window while the ...
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