MONEY & BANKING
FINANCIAL SERVICES
Rabo India Fin becomes public ltd co
Consequent to approvals from the Registrar of Companies, Rabo India Finance Pvt Ltd, a wholly-owned subsidiary of Rabobank International, has become a public limited company. The name of Rabo India has been changed to Rabo India ...
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FOREX
Rupee sheds 20 paise
The rupee was down by over 20 paise against the dollar as government banks bought dollars. It opened at 44.97 and closed at 45.19/20, against the previous close of 44.98. "The rupee may continue to be volatile for some time ...
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INFORMATION TECHNOLOGY
Tata Ind in informal talks with RBI
The group looking at banking infrastructure
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SOFTWARE
Misys bullish on treasury sector
Banking software provider Misys Banking Systems, which set up its sales office in India in April this year, is bullish on the prospects in the country's treasury and capital markets. The company is eyeing the country's replacement market in ...
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HOUSING FINANCE
HDFC opens London office
Housing Development Finance Corporation Ltd (HDFC) has announced the launch of its operations in London. The London office will provide advisory services on housing finance and property acquisition in India. "The buoyancy in ...
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CONSUMER FINANCE
Retail loans surpass overall credit growth
Credit base diversification is contributing factor: RBI
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GENERAL INSURANCE
Tata AIG opens Siliguri office
Tata AIG Life Insurance Co has announced the opening of a new branch office in Siliguri. This will enable the company to reach out to regional commercial centres and to a wider group of clients. Tata AIG considers Siliguri, ...
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DEBT MARKET
Bonds rise on improved liquidity
Bond prices edged up by around 20 paise on improved liquidity in the system. Total traded volumes on the order matching system was Rs 7,520 crore (Rs 6,120 crore). Dealers said the RBI's intervention in the forex market ...
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RBI & OTHER CENTRAL BANKS
Is conventional inflation irrelevant?
Inflation targeting is the flavour of the times. Should central banks have one or not? At last count, 21 of them had adopted it as their lodestar for interest rates. That has probably set the RBI thinking. Without formally advocating an inflation ...
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PUBLIC SECTOR BANKS
Canara Bank scheme for kids
Canara Bank has announced the launch of `CancBamp', a new scheme designed exclusively to suit the future needs of growing children here on Tuesday on the eve of Children's Day. In a press release, the bank said under the scheme, ...
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FOREIGN BANKS
HSBC India to enter new segments
HSBC India is looking to reach out to new consumer segments through offerings such as its recently launched HSBC Pragati Finance. Such new offerings and distribution models will enable the bank to reach consumer segments it has so far been ...
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CREDIT MARKET
RBI cautions banks against market risks
Banks are unlikely to face credit risk given the current level of economic growth, inflation and the good performance of the industrial sector.
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SHORT TERM INSTRUMENTS
Call rates up slightly
Call rates closed at 6.9-7 per cent (6.85-6.95 per cent) on Tuesday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted one bid amounting to Rs 170 crore. In the second one-day ...
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TRADE & LABOUR UNIONS
Insurance officers defer strike
The one-day all-India strike called by the four public sector general insurance companies against the proposed promotion policy has been deferred. The strike has been deferred as the management body of the General Insurers Public ...
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TRENDS
Priority sector lending rises 33.7 pc in '05-06
Off-balance sheet exposures of scheduled commercial banks up 50 pc
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