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FOREX
Rupee moves in narrow range
The domestic currency moved in a five-paise range and gained one paisa against the US dollar on Monday. Dollar buying by large corporates and oil companies kept the rupee from appreciating further. The rupee opened at 46.41/42 ... More

PRIVATE BANKS
Promoters' stake: DCB to seek time for compliance
Plans talks with regulator after IPO More

UTI Bank opens branch at Nerul
UTI Bank on Monday opened a new branch at Nerul (West), Mumbai, said a press release from the bank. The release also quoted Mr S. Chatterjee, Executive Director, UTI Bank, as saying, "This marks another step towards the extensive ... More

PUBLIC SECTOR BANKS
Union Bank may write back Rs 50-cr depreciation in Q2
Union Bank of India may write-back the Rs 50-crore depreciation on investments in the `available for sale category', which it had to book in the first quarter of the current year. The `hit' related to some equity and mutual funds, which are ... More

GOVT BONDS
Bond prices range-bound
The bond market was range-bound due to profit booking post the government securities auction. Prices moved in a band of 15-20 paise said dealers. The undertone of the market was bullish, but Monday's price movements were due to ... More

SHORT TERM INSTRUMENTS
Call rates up as liquidity dips
Call rates changed after four weeks and were between 6.05 per cent and 6.15 per cent on Monday against 6-6.10 per cent on Friday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and ... More

REGULATORY BODIES & RULINGS
KYC norms: RBI fines IDBI
The Reserve Bank of India today imposed a penalty of Rs 5 lakh on IDBI Ltd for violation of know your customer (KYC) norms and guidelines relating to IPO financing. This is the second time the bank is being fined for the same violations. The ... More

TRADE & LABOUR UNIONS
Unions oppose LKB merger with Centurion
The Lord Krishna Bank Employees' Union has opposed the proposed merger of the bank with Centurion Bank of Punjab. Foreign investments in Centurion Bank of Punjab is now as high as 73 per cent, with the London-based Saber Capital, Bank of Muscat ... More

SBI staff in Delh Circle plan stir
As many as 12,000 clerical staff and 4,000 subordinate staff of State Bank of India's (SBI) Delhi circle are to go on a day-long strike on September 1 to protest against outsourcing and certain alleged violation of service ... More

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