MONEY & BANKING
INSIGHT
When will Fed raise rates?
To expect the Fed chief, Dr Alan Greenspan, to raise interest rates when he views the state of the inflation as a state of nirvana implies considerable confidence in the sustainability of the American economic upswing and the extent of avail able spare capacity, says V. Anantha Nageswaran.
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FOREX
Post-polls, rupee seen rising to 42 against dollar
With dollars expected to flow the take on the Indian rupee is at 42 by the year-end.
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DEBT MARKET
Traders cautious on RBI warning
BONDS remained almost steady during last week, as traders turned cautious in view of the warnings issued by the Reserve Bank of India. Traders said that top RBI officials have been cautioning banks against unbridled trading and warned that ...
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RBI & OTHER CENTRAL BANKS
RBI fiat: Bankers see no hitch in paying dividends
THE latest RBI fiat on dividend payouts by banks may not prevent most of them from declaring dividends, according to bankers. However, stock brokers and analysts expect the central bank's decision to have a negative impact on the bank's stock ...
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FINANCIAL INSTITUTIONS
PFC slips over Jindal loan due to yen-dollar fluctuation — Loss put at Rs 4 crore
POWER Finance Corporation (PFC) has slipped up over a loan to Jindal Thermal Power Company Ltd. This has resulted in a loss of around Rs 4 crore to the power sector lender. In March of last year, PFC had lent $50 million to the Jindals for ...
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CRR & BANK RATES
CRR hike in offing?
BONDS have rallied over the last couple of months. The 10-year sovereign yield is close to 5.05 per cent, the 10 cross 20-year spread has shrunk to almost 60 basis points. There seems to be limited upside from here, it looks unlikely that the ...
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NON-PERFORMING ASSETS
DRTs help recover Rs 1,200-cr dues
THE two Debts Recovery Tribunals (DRTs) in Chennai have helped recover close to Rs 1,200 crore due to financial institutions from the borrowers, according to Mr H.P. Chaturvedi, Presiding Officer, DRT (I), Chennai. Speaking at the inaugural ...
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Coimbatore sitting results in claims settlement of Rs 7.43 cr
THE special sitting of the Debts Recovery Tribunal (DRT) in Coimbatore on Saturday resulted in claims settlement of Rs 7.43 crore involving 26 cases. The total suit claims in respect of these cases was Rs 11.57 crore. Speaking to newspersons ...
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EVENTS
`Banks should match global industry benchmarks'
THE Chief General Manager of the Thiruvananthapuram Regional Office of the National Agricultural and Rural Development Bank (Nabard), Mr B. S. Shekhawat, has said that emerging problems in the banking sector cannot be solved with today's ...
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CO-OPERATIVES
Mobilisation in co-op sector up in Kerala
THIRUVANANTHAPURAM: Deposit mobilisation in the co-operative sector in the State has touched an all-time record with the month-long programme returned a figure of Rs 1137.69 crore on March 31. The mobilisation had amounted to Rs 914.08 ...
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NEW PRODUCTS & SERVICES
Allahabad Bank unveils new schemes
These include free personal accident scheme for savings bank depositors maintaining a monthly average balance of Rs 5,000, Gold Card and Silver Card schemes for privileged borrowers who will be charged concessional rates of interest (i.e. below ...
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Cross Currency Rates
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