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MONEY & BANKING
DEBT MARKET:
Yields firm on rising oil prices, fear of more Govt borrowings
Steep cut in deposit rates likely if credit off-take remains dull. Bond yields stayed northward bound, propelled by rising international oil prices and concerns that government borrowings are likely ...
LIFE INSURANCE:
Termination of agency, major cause for rise in ‘orphan’ policies : IRDA
Coimbatore, Aug. 9 The Insurance Regulatory and Development Authority has expressed concern over the rise in ‘orphan’ policies. The regulator has, in its 2007-08 annual report, said: “The fact that as many as 86 lakh ...
PUBLIC SECTOR BANKS:
BoB thrust is on growing non-interest income
To sell third party products; revamp merchant banking arm. Mumbai, Aug. 9 Bank of Baroda (BoB) is planning to revamp its wholly-owned merchant banking subsidiary, BOB Capital Markets, to leverage synergies in areas such as project appraisal, ...
PRIVATE BANKS:
Karnataka Bank gets nod for QIP issue
Mangalore, Aug. 9 The 85th Annual General Meeting of Karnataka Bank Ltd here gave its approval to the issue of equity shares through qualified institutional placement for an amount not exceeding Rs 500 ...
SOCIETY & DEVELOPMENT:
Contribution to CM's fund
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CREDIT MARKET:
SBH's SME campaign
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