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MONEY & BANKING
LIFE INSURANCE:
LIC makes Rs 2,800 cr from equity market in 3 months
Sells 35% in MF to Nomura for Rs 308 cr. Mumbai, July 11 The country’s largest domestic institutional investor, Life Insurance Corporation of India, has booked a profit of Rs 2,800 crore through its investments in the equity market in the ...
SECURITY:
Keep your identity safe
The thrill of opening your first bank account or getting your first credit card is unforgettable. You get that certain sense of independence. You have the ability to deposit, withdraw, and spend money — no one needs to come with ...
INTEREST RATES:
Pranab remains non-commital on rate cut
Allays fears that Govt borrowings will affect private sector. New Delhi, July 11 The Union Finance Minister, Mr Pranab Mukherjee, on Friday remained non-committal on whether an interest rate cut was imminent. He also allayed fears that larger ...
HOUSING FINANCE:
Priority sector lending propels housing finance
A decade ago, bankers in Dakshina Kannada district would not have imagined that housing finance would reach the present high. A look at the housing finance situation, especially under the priority sector lending, shows that banks in ...
FOREX:
No currency yet to replace dollar, says RBI Governor
Mumbai, July 11 Suggesting that perhaps there is as yet no currency to replace the dollar as the reserve currency, the RBI Governor, Dr D. Subbarao, has said it cannot happen by fiat and has to happen on the strength of the ...
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