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Wednesday, September 06, 2006
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Rupee strengthens against dollar
The rupee gained against the dollar on Tuesday on custodial selling by some foreign banks and flow of foreign funds into the equities. It also tracked the movement of yen against the dollar. "The yen strengthened against the ... More

`Asian banks better placed to counter crisis'
1997 situation unlikely to occur, says S&P More

NSE member picks up 7 pc stake in United Western Bank
Plans to buy more shares to raise stake to 15-20% More

Anti-money laundering norms hit rural insurance
Seeking identity proof, address for low premium policies cumbersome More

RBI review of economy — Revitalising farm sector is the key
For the economy to maintain its growth momentum on a sustained basis, the farm sector must be rejuvenated. The RBI's report asserts that the time is now ripe for a second Green Revolution to capture new market opportunities. There are quite a few cha llenges that will have to be overcome in other sectors as well, says S. D. NAIK. More

Citigroup takes award beyond India
The Citigroup Micro Entrepreneur Award programme, launched in India in 2004, is now being expanded as a global initiative to over 20 countries, including Mexico, Brazil, China, South Africa, Venezuela and the Philippines, said a release. The ... More

Bond prices fall on profit taking
Bond prices declined slightly on some profit taking by investors. The movement in yields was only by two to three basis points, said a dealer at a private bank. The traded volume stood at Rs 5,695 crore (Rs 11,895 crore) on the ... More

Bankers seek Tier I status for floating provisions
Robust credit off-take spurs capital requirement More

Call rates remain unchanged
Call rates remained unchanged between 6 and 6.1 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 17 bids amounting to Rs 22,740 crore and in the second one-day reverse ... More

SBH deposits mobilisation fortnight
State Bank of Hyderabad (SBH) would conduct Deposit Mobilisation Fortnight from September 11 to 26 at all the 946 branches spread over the country. In a press release here on Tuesday, the bank said during this fortnight it ... More

AIBEA seeks probe into sick banks
The All-India Bank Employees Association (AIBEA), while demanding a probe into the affairs of the banks that have turned red, has said that the merger of United Western Bank and Lord Krishna Bank with a public sector bank would be in the larger ... More

Govt urged to advise public sector bank on UWB takeover
The All-India Private Sector Bank Officers' Federation (AIPSBOF), a wing of All-India Bank Officers' Confederation, has urged the Union Government to advise a public sector bank to take over United Western Bank (UWB). In a letter to the Prime ... More

RBI Governor meets Chidambaram
The Reserve Bank of India Governor, Dr Y.V. Reddy, on Tuesday called on the Finance Minister, Mr P. Chidambaram, at North Block in the backdrop of policy dissonance on Participatory Notes (PNs) between the Government and the RBI appointed ... More

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