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Thursday, May 18, 2006
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MONEY & BANKING

REGIONAL RURAL BANKS


Regional rural banks to market MF units
Considered a profitable avenue; scope to expand business More

OUTSOURCING


Anti-outsourcing day observed
More than 15 lakh employees in the banking and insurance sectors observed `Anti-outsourcing day' on Tuesday all over the country as directed by the All-India Co-ordination Committee of Unions in the Financial Sector. Mr P.P. ... More

FINANCIAL POLICY


RBI Act amendments: `Positive for banking sector'
Will enable the RBI to manage the liquidity situation better More

RBI & OTHER CENTRAL BANKS


RBI gets more flexibility on CRR, SLR; Bill passed
LS also passes amendment to taxation laws Bill More

FINANCIAL INSTITUTIONS


MoneyGram to expand agents network
MoneyGram International, a leading money transfer company, plans to expand its agents network in India to emerge as one of the leading players in the domestic market as well, its Regional Director, Asia Pacific and India, Mr Nick Cunnew, has ... More

CREDIT MARKET


Govt wants debt cap hike for Ultra Mega projects
Each of the six proposed power projects may need around Rs 15,000 cr capex More

FIXED DEPOSITS


Bank of Rajasthan deposit rates up
Bank of Rajasthan has revised interest rates on its term deposits with effect from May 15. Interest rates on deposits of one year to less than two years have been raised by 50 basis points from 6.50 per cent to 7 per cent. Rates ... More

CO-OPERATIVES


Baroda co-op bank licence cancelled
The Reserve Bank of India has cancelled the licence of the Baroda Mercantile Co-operative Bank, Vadodara, since it has ceased to be solvent. The Registrar of Co-operative Societies has also been requested to issue an order for ... More

BONUS ANNOUNCEMENTS


KVB board meet to consider bonus, rights issues
Karur Vysya Bank is contemplating a bonus and rights issue. The bank has, in a communication to the BSE, said its board would consider and discuss this issue at the meeting on May 25. When contacted, the KVB Chairman, Mr P.T. Kuppuswamy, told ... More

PEOPLE


P.L. Gairola is Dena Bank CMD
Mr P.L. Gairola has taken charge as Chairman and Managing Director of Dena Bank, with effect from May 17. Prior to this appointment, he was the Executive Director of Bank of India. Mr Gairola has over 32 years of experience at ... More
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Top Stories
The Left: Getting it right


Tax breaks for donations to political parties may be removed

Regional rural banks to market MF units

RBI Act amendments: `Positive for banking sector'

Petroleum, gas regulatory board to be in place soon

Now, Pakistan buying Indian chana

Reservations: Let down by weak data

GMR begins work on Hyderabad airport project

In Focus

Infrastructure woes stare IT sector
IPO Scams
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Dynamic Tirupur
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In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
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Looking back
May. 7-May. 13
High oil prices, MSS resumption lead to hardening of yields

PSU insurers' market share drops to 73%

IRDA for 20 pc cap on motor premium changes

Forex reserves rise by $1.71 b

Banks continue to be wary of some State loans



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