MONEY & BANKING
INSIGHT
Inflation: Emerging economies different
WHEN it comes to reporting inflation, we are better off than the US. Our price indices are updated weekly, whereas there they do it only once a month. Thus, Indian bond traders have the luxury (if one could call it that) of chewing inflation ...
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FOREX
Exporters taking forward cover
AFTER waiting for almost three months, exporters have now begun taking forward cover in anticipation of large foreign currency inflows. Banking sources said the inflows, which dropped to as low as $25 million a day in July till mid-August, had ...
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LIFE INSURANCE
LIC campaigns to revive policies
LIFE Insurance Corporation of India is gearing up to increase its market share and is betting on a range of unit-linked products, including its Bima Plus plan, launched in 2001. The corporation is also embarking on a massive campaign to ...
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Birla Sun Life first premium up 241 pc
BIRLA Sun Life Insurance Company's new business premium has recorded a 241 per cent growth on a year-on-year basis to Rs 138 crore till July. Most of the growth is backed by the sale of unit-linked plans, said a press release. The premium ...
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DEBT MARKET
Govt borrowings in April-Sept down at Rs 55,000 cr
THE Government has completed market borrowings of Rs 55,000 crore till September 3, constituting 36.50 per cent of its gross budgeted borrowings of Rs 1,50,681 crore for the current fiscal. A report prepared by PNB Gilts said that the gross ...
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PUBLIC SECTOR BANKS
Chidambaram may ask PSBs to trim SLR investments
THE ripples created by hardening yields are set to enter the hall in Vigyan Bhawan where the Finance Minister, Mr P. Chidambaram, would be meeting the chiefs of public sector banks on Thursday. The Finance Minister is expected to once again ...
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PNB opens office in Shanghai
PUNJAB National Bank (PNB) has opened a representative office in Shanghai. The office was inaugurated by the Chairman and Managing Director of PNB, Mr S. S. Kohli. The Consul General of India in Shanghai, Mr Sujan R. Chinoy, was also present at ...
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GOVT BONDS
Bonds decline; rupee steady
MUMBAI: Bond prices declined by around 50 paise across maturities in the Government securities market on Tuesday, over continued apprehensions about inflation. The 7.37 per cent 2014 paper got dealt to a high of Rs 110.90 before ...
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CREDIT CARDS & DEBIT CARDS
Health cover for Andhra Bank credit cardholders
ANDHRA Bank has decided to offer health insurance facility to its credit cardholders in alliance with United India Insurance Company. The facility, AB Arogyadaan, is intended at taking care of the medical bills consequent to hospitalisation ...
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FIXED DEPOSITS
Gulf NRIs urge withdrawal of proposal to tax deposits
GULF non-resident Indians (NRIs) are urging the Indian Government to completely withdraw the tax proposal on NRE deposits, which has been postponed to April 2005, as it may drive away investors and cause losses for low ...
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CO-OPERATIVES
Yet, another one!
Long queues of depositors waiting outside the Prudential Bank in Hyderabad on Wednesday to present their declaration for getting back a minimum of Rs 20,000 after the RBI allowed return of deposits. ...
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Cross Currency Rates
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