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Aug. 3: The Government announces the conversion of nationalised banks recapitalisation bonds into government securities.

Aug 7: ICICI Bank cuts rates on short-term deposits

Aug 8: The Apollo Hospitals Group and DKV AG, Europe’s largest private health insurer and a Munich Re Group company, launch Apollo DVK Insurance Company.

Aug. 13: Shriram Transport Finance Company picks up a 40 per cent stake in Ashley Transport Services Ltd, a wholly owned subsidiary of Ashok Leyland Ltd.

Aug. 16: Catholic Syrian Bank issues of 1.02 crore equity shares of Rs 10 each on a 1:1 rights basis to existing shareholders.

Aug. 20: The Lok Sabha passes a Bill to replace the Ordinance promulgated on June 21 to facilitate the Centre’s buyout of the Reserve Bank of India’s shareholding in SBI.

Aug. 23: Standard Chartered Bank acquiring 49 per cent stake in UTI Securities from the Securities Trading Corporation of India for Rs 147 crore in cash.

Aug. 27: The Reserve Bank of India sanctions the scheme of amalgamation of Lord Krishna Bank Ltd with Centurion Bank of Punjab Ltd.

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