MONEY & BANKING
FOREX
Rupee gains 26 paise; gilts up
MUMBAI: The rupee closed at 45.22/24 on Wednesday, stronger by 26 paise compared to Tuesday's close of 45.48 per dollar. The gain in the rupee was seen despite the foreign institutional investors (FIIs) buying up dollars to exit from ...
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INFORMATION TECHNOLOGY
Andhra Bank joins RTGS
HYDERABAD: ANDHRA Bank has announced here on Wednesday that it has started live operations with Real Time Gross Settlement (RTGS) system, the online funds transfer service, as a part of the guidelines and framework of the Reserve Bank of ...
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STOCKS
Banking stocks outshine
THOUGH market sentiment was dominated by unfolding political events over the past few days, price swings have varied from sector to sector. The banking stocks showed extreme elasticity to the political developments in the few trading ...
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CREDIT POLICY
Positive for growth
IN his maiden Annual Policy 2004-05 as the Governor of RBI, Dr Y.V. Reddy has addressed the emerging issues and concerns in a very comprehensive manner. By maintaining a steady interest rate environment, he has ensured that a conducive ...
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A few major pluses
THE Governor's statement indicated no major change in central bank emphasis. Considering the timing of this particular statement, the markets could not have expected much in that direction, in any case. His report card actually indicates a few ...
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A balming effect in challenging times
WHILE the Reserve Bank of India (RBI) has maintained all the key interest rate indicators at the pre-policy levels, it has removed the soft rate bias from the monetary policy "stance". This is particularly positive considering the ...
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RBI stance `disappointing': ICCI
FINANCIAL PERFORMANCE
Can Fin Homes to pay 25 pc
CAN Fin Homes Ltd will pay a dividend of 25 per cent for the financial year 2003-04. The decision taken by the Board of Directors of the bank follows the approval of accounts for 2003-2004. The company's profit after tax for the year, however, ...
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Central Bank net doubles
CENTRAL Bank of India has recorded a 102 per cent jump in net profit for the financial year ended March 31,2004, at Rs 618.11 crore as against a net profit of Rs 305.52 crore in the corresponding period, the previous year. Operating profit grew ...
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HOUSING FINANCE
BHW has big plans for Birla Home Finance
`We are a pure-play home finance company'.
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GOVT BONDS
Rs 8,000-cr State loan sale on May 26
THE Reserve Bank of India has announced a state loan auction for Rs 8,000 crore to be held on May 26 Nineteen State Governments have offered to sell on tap 5.70 per cent State Development Loan, 2014 having maturity of ten years. The States ...
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Cross Currency Rates
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