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Tuesday, May 09, 2006
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Revive plan to use forex for infrastructure
After President Bush's visit, there was a sharp increase in the forex reserves. What has fuelled this spurt, and why is there no more talk of using the reserves to fund infrastructure projects? More


Bajaj Allianz posts lower growth in net
Bajaj Allianz General Insurance has reported a net profit of Rs 52 crore in 2005-06 — a growth of 11 per cent from Rs 47 crore in the previous year. The lower growth was mainly due to the high claim payouts after the Mumbai floods and ... More


RBI seeks banks' AIR by Aug 31
The Reserve Bank of India has asked banks to submit the annual information returns by August 31, 2005.The central bank said that the Commissioner of Income Tax (Systems) had informed that annual information returns for the ... More


Karnataka Bank aims 32% growth in advances
Karnataka Bank has set a target of 32 per cent growth in advances in the current fiscal, up from 22 per cent in 2005-06. Mr Ananthakrishna, Chairman, Karnataka Bank, said the bank hoped to increase its advances to Rs 10,000 crore this fiscal, ... More


Bank of India aims to double remittance biz
Ties up with Western Union Money Transfer for in-bound services More

Andhra Bank plans Kochi NRI branch
Andhra Bank is planning to open an NRI branch in Kerala within the next couple of months. The branch will be located in Kochi, Mr K. Ramakrishnan, Chairman and Managing Director, said here on Monday. The bank is also set to open a ... More


Bankers reluctant to swap securities
RBI's buyback proposal finds few takers More

RBI to auction state loans
The Reserve Bank of India has announced the auction of 10-year State Development Loans for 16 State Governments at an aggregate amount of Rs 5,598.99 crore. The auction will be yield-based and use the multi-price method. The ... More

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Top Stories
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In Focus

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In Depth

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Looking back
Apr. 30-May. 6
Forex reserves rise $2 b on RBI mop-up

ICICI Bank subsidiaries post higher profit

Indian Bank, IOB to decide on rate revision soon

Yields harden on high oil prices, profit-booking

RBI cool to SFCs' plea for stressed assets fund

Standard Life stake sale to Citi okayed

Oriental Bank looking at insurance

Non-life insurers active in bulk deposit, CBLO markets

`India less vulnerable to global imbalances'

Life insurance sector grows 35 pc

Deficit reduction on track: S&P

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