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MONEY & BANKING
NON-PERFORMING ASSETS:
Textile cos top distressed list for corporate debt recast
Panel witnessing increased inflow of cases from India Inc. Mumbai, Dec. 14 The intensive care unit for the distressed constituents of India Inc – the Corporate Debt Restructuring (CDR) Cell – is witnessing an increased inflow of ...
RBI & OTHER CENTRAL BANKS:
RBI sells $20.6 b in Oct
Rupee propped up against oil price spike, capital flight. Chennai, Dec. 14 The Reserve Bank of India sold $20.6 billion in October, according to the figures published in the December bulletin of the ...
DEBT MARKET:
Yields continue to head south as inflation abates, oil prices fall
Traders see scope for further rate cuts. Bangalore, Dec. 14 Bond yields maintained their south bound trajectory, fuelled by abating inflationary pressures and weak global oil ...
GOLD & SILVER:
Why not revert to gold standard?
If people have confidence in gold, why not revert to ...
PRIVATE BANKS:
South Indian Bank expanding in North
New Delhi, Dec. 14 At a time when the global financial meltdown has cast a shadow on the domestic banking and financial services sector, the Kerala-headquartered South Indian Bank has decided to expand its footprint across the country by ...
PUBLIC SECTOR BANKS:
United Bank to lower lending rates for SMEs
Kolkata, Dec.14 With a view to extending a helping hand to the small and medium enterprises (SME) segment and arresting the build-up of non-performing assets, Kolkata-headquartered United Bank of India has announced a restructuring plan for ...
CREDIT CARDS & DEBIT CARDS:
‘Downturn has not dampened use of plastic money’
Coimbatore, Dec.14 Transaction processing and knowledge management company Venture Infotek believes that the downturn has not dampened the use of plastic money across ...
HUMAN RESOURCES:
Indian Bank to decide on new recruitments soon
Chennai, Dec. 14 Indian Bank expects to take a decision on fresh recruitments and the number of vacancies in about a week to 10 ...
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