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MONEY & BANKING
REGIONAL RURAL BANKS
Regulatory authority for RRBs mooted
The RRBs are under the control of multiple agencies such as sponsor banks, state governments, Nabard and the RBI. Such overlapping of control is against the interest of RRBs and detrimental for their growth.
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RBI & OTHER CENTRAL BANKS
Dr Jalan bids adieu to RBI
WHEN Dr Bimal Jalan took over as Governor of the Reserve Bank of India in November 1997, his eminent predecessor, Dr C. Rangarajan, a successful practitioner of central banking, remarked: "I was a war-time general. I ...
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PUBLIC SECTOR BANKS
Canara Bank traders' meet
GOVT BONDS
Yields seen rising in the short-term
Some of the Employees Provident Funds have been badly mauled by the falling yields. They are earning negative spreads of 3 per cent, with G-sec earning less than 6.25 per cent on a weighted average basis. They have been selling to book profits.
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Aug. 10-Aug. 16
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