MONEY & BANKING
INSIGHT
What's good for stock players is good for farmers too
When the Sensex tanked after the new government came to power, the RBI did keep credit channels open to stock operators and the same principle needs to be applied to farmers.
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FOREX
Rupee touches one-year low
DRYING up of dollar supplies in the domestic forex market along with strengthening of the greenback overseas dragged the rupee down to close at its lowest levels in one year on Friday. The domestic currency ended at 46.32/34 against the dollar ...
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FINANCIAL PERFORMANCE
State Bank of Mysore Q1 net at Rs 53 cr
STATE Bank of Mysore has earned a net profit of Rs 53 crore in the first quarter of the current financial year, a 17 per cent increase over the corresponding period of last year. Total income for the first quarter was Rs 365.79 crore (Rs 323.49 ...
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ICICI Bank Q1 net up 26 pc — Gets RBI nod for 75 pc dividend
ICICI Bank Ltd has recorded 26 per cent rise in net profit at Rs 430.74 crore for the first quarter ended June 30 against a net profit of Rs 340.2 crore in the corresponding previous period. Net interest income increased 39 per cent to Rs 631 ...
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SOFTWARE
Thinksoft, member of BBA
CHENNAI: Thinksoft Global Services, a Chennai-based financial software testing company, has become a professional associate member of the British Bankers Association, a trade association in the UK financial services industry. In the ...
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CONSUMER FINANCE
Finance scheme for Enfield buyers
CHENNAI: Royal Enfield customers in southern cities can avail themselves of `Syndvahan,' a finance scheme offered by Syndicate Bank, to buy Enfield two-wheelers, according to a press release from Royal Enfield. The two-wheeler ...
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DEBT MARKET
Call rates lower; gilts recover
MUMBAI: Call rates closed substantially lower at about 2-2.50 per cent with virtually no requirement of funds on reporting Friday, July 23. Bond prices moved down during the day, only to recover towards the closing hours, said dealers. ...
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PRIVATE BANKS
HDFC Bank facility
MUMBAI: HDFC Bank has launched an online bill payment facility for its customers who are also subscribers to Tata Teleservices. Called BillPay, the facility allows customers to pay their bills 24 hours a day, 7 days a week from anywhere, ...
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PUBLIC SECTOR BANKS
Now, SBI sings Aadi tune
STATE Bank of India is trying to capitalise on the Aadi sentiment by organising `Special Loan Campaign'. The offer, however, would be open only for three days from July 24 to July 26. To be conducted simultaneously at eight different ...
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GOVT BONDS
20 States to raise Rs 8,600-cr loan
TWENTY State Governments will sell an amount of about Rs 8,600 crore on July 28. The States have offered to sell on tap 6.35 per cent Development Loan 2013 (II Series) , said a press release from RBI. Nineteen States will tap the market for an ...
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CORPORATE BONDS
Govt announces 6.1 pc UTI bonds for Rs 362 crore
THE Government on Friday announced the issue of 6.1 per cent UTI Bonds, 2011 for a notified amount of Rs 362 crore. An official statement said that the UTI Bonds will be issued at par on July 23 to the Administrator of Specified Undertakings ...
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CO-OPERATIVES
Keep away from revenue recovery, Kerala Collectors told
The Government will accord priority to agriculture and traditional industries in the medium term and plans to come up with a scheme for their revival.
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Cross Currency Rates
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