MONEY & BANKING
FOREX
Rupee tad weaker; bond prices up
MUMBAI: The rupee ended marginally weaker on Friday to close at 43.78/79 against the dollar as State-run banks stepped up dollar purchases. The previous close of the rupee was at 43.7650/7750. Dollar inflows remained limited in a thin ...
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HOUSING FINANCE
IDBI Bank launches `HouseFull scheme'
IN line with festive season offerings, IDBI Bank has launched its `HouseFull scheme' under which 100 per cent loan is given to consumers who purchase any of the 250 displayed projects in and around Delhi from over 35 builders participating in ...
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PRIVATE BANKS
AGM held in the presence of High Court observer — Share transfer row mars TMB meet
THE shareholders of Tamilnad Mercantile Bank Ltd voted on a range of resolutions, including adopting the accounts for 2003-04, at an acrimoniously debated annual general meeting on Friday. Elections were held to the post of three directors to ...
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Tax collection: Bengal Govt move draws ire
THE West Bengal Government's decision to authorise four private banks, namely, HDFC Bank, ICICI Bank, IDBI Bank and UTI Bank, to collect sales tax and professional tax has created stir among a section of employees in the public sector banks in ...
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PUBLIC SECTOR BANKS
Agri branch of SBI to elicit customer feedback
COIMBATORE: The Agricultural Development Branch of the State Bank of India at Kodumudi in Erode district conducted a Customer Relation Programme to elicit feedback from its customers. The branch has disbursed Rs 8.20 crore to farmers up ...
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FOREIGN BANKS
StanChart plans 8 more branches
STANDARD Chartered Bank has decided to add eight new branches in eight cities across the country, taking the total number of branches to 74. With this, the branch will now have presence in 27 cities in the country, said a press release. The ...
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CREDIT MARKET
Kerala: Bank credit disbursal tops Rs 588 cr in H1
PRIORITY credit disbursement by banks in the district during the first half of the current financial year crossed Rs 588 crore. This was revealed at a meeting of District Level Review Committee of Banks held recently, said an official press ...
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IDBI Bank credit portfolio registers 30 per cent growth
THE credit portfolio of IDBI Bank Ltd has witnessed a year-on-year growth of 30 per cent for the period ended November 30 2004, with retail assets as key growth drivers of the bank. Total customer assets of the bank, as of November 30, 2004, ...
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PNB loan mela at Malappuram dt
KOCHI: Punjab National Bank, Malappuram branch has conducted a retail lending mela and customer meet at Malappuram on Thursday. At the function, sanction letters for loans under various schemes amounting Rs 2.32 crore were handed over ...
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CREDIT CARDS & DEBIT CARDS
Evolve code of conduct for issuing credit cards, RBI tells banks
The Reserve Bank of India has asked the Indian Banks' Association (IBA) to evolve a code of conduct to be adopted voluntarily by banks. This follows a meeting on Friday between the RBI and banks issuing credit cards. Banks have also advised ...
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REGULATORY BODIES & RULINGS
IRDA may draft new norms for unit plans
THE insurance regulator has called a meeting of all insurers on Monday to discuss issues that may radically change the structure, pricing and benefits of at least some of the products in the fledgling Indian market. The meeting of insurance ...
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Cabinet defers decision on setting up pension regulatory body
THE Cabinet today deferred its decision on setting up a full-fledged Pension Fund Regulatory and Development Authority (PFRDA) as it could not reach a consensus on the issue. According to Government sources, the option of promulgating an ...
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Cross Currency Rates
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