MONEY & BANKING
INSIGHT
How `adequate' is Basel II
THE Bank for International Settlements has, for over the last decade and a half, been grappling with the issue of how much capital a bank should have. After scanning the environment in which banks operate and ...
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FOREX
Bond prices drop; rupee unchanged
MUMBAI: Bond prices fell on apprehensions of higher inflation on Thursday, even as most market participants unwound positions ahead of the weekly announcement of inflation figures on Friday. The 7.37 per cent 2014 paper closed lower at ...
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GENERAL INSURANCE
Insurers to help police tackle fake claims
THE nationalised general insurance companies are working on a proposal to provide infrastructural support to Tamil Nadu's CB-CID (Crime Branch-Criminal Investigation Department) to investigate dubious motor insurance claims. An industry ...
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CREDIT RATING
Crisil upgrades Finolex NCD
CRISIL has upgraded the rating of Finolex Industries Ltd's Rs 50 crore NCD issue from AA to AA+. The upward revision in the rating follows the current upturn in the poly-vinyl chloride (PVC) price cycle. Another determinant has been the cost of ...
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DEBT MARKET
RBI allows shifting of securities — Breather for banks from hardening yields
THE Reserve Bank of India has given commercial banks some respite against the hardening yields in the domestic debt markets, by allowing them to transfer securities in excess of the prescribed 25 per cent limit, in the Held to Maturity category ...
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CREDIT MARKET
Dhanalakshmi Bank earmarks Rs 51 cr for micro credit
WITH the increased demand and the immense potential for micro credit, the Thrissur-based Dhanalakshmi Bank has set apart Rs 51 crore for micro credit disbursal for the current year. The bank had set up a Micro Credit Cell at the corporate ...
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CREDIT CARDS & DEBIT CARDS
ICICI Bank `loan card' for farmers
ICICI Bank has launched the `ICICI Bank Kisan Loan Card', which will enable farmers to avail themselves of loans through an electronic card with easy access to withdrawal of cash through the ATMs. The ICICI Bank Kisan Loan Card has been ...
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CO-OPERATIVES
Co-op banks get more time to meet norms
THE Reserve Bank of India Governor, Dr Y.V. Reddy, has assured the urban co-operative banks that they will be provided with reasonable opportunity and justifiable time to comply with regulatory prescriptions. The Governor, who met with ...
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Cross Currency Rates
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