MONEY & BANKING
PENSION PLANS
Govt hopes to get Pension Bill passed
The Government is hopeful of evolving a consensus on the pension reforms Bill and getting it passed in the ongoing winter session of Parliament, the Minister of State for Finance, Mr Pawan Kumar Bansal, said here on Wednesday. "I am not a ...
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FOREX
Dollar-commodity linkage turning tenuous
Correlations strongest for base metals, precious metals
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Rupee flat against dollar
The rupee was almost flat against the dollar on Wednesday. It opened at around 44.61/63, touched a low of 44.74/75 before closing unchanged at the previous close of 44.69/70. "There was month-end demand from importers. Oil ...
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DEBT MARKET
Banks shift gear, move to long-dated securities
Softening trend in yields on the back of rising liquidity
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HUMAN RESOURCES
ICICI Bank in talks with ISPs on hiring format
In a bid to control recruitment costs and raise productivity of its HR personnel, ICICI Bank is in talks with Internet service providers such as Reliance Infocomm for providing interview cubicles with audio-visual recording and tele-conferencing ...
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PUBLIC SECTOR BANKS
Interim dividend cheque handed over
Vijaya Bank has paid an interim dividend of Rs 23.35 crore to the Central Government on the latter's shareholding in the bank. The Government had 53.87 per cent shareholding as on September 30 this year. Mr Prakash P Mallya, ...
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GOVT BONDS
Bond prices fall on profit-booking
Bond prices fell by around 11 paise on profit-booking by traders. "In the next two weeks, advance tax outflows will tell on liquidity," said a dealer with a private bank. Total traded volumes on the NDS-order matching system fell ...
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SHORT TERM INSTRUMENTS
T-bills fully subscribed
The Rs 3,500-crore 91-day and 182-day T-bills auctions on Wednesday were fully subscribed. The Market Stabilisation Scheme (MSS) amount for the 182-day T-bill was Rs 1,000 crore. The RBI received 39 competitive bids worth Rs 2,105 crore. The ...
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Call rates remain the same
Call ruled higher between 6.15 per cent and 6.25 per cent against Tuesday's 6.1-6.2. In the first one-day reverse-repo auction under the LAF, the Reserve Bank of India received and accepted five bids for Rs 2,235 crore. There ...
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CREDIT CARDS & DEBIT CARDS
SIB to launch co-branded Citi credit card
South Indian Bank (SIB), which opened a new office here recently to streamline its operations here, will be launching co-branded Citi Bank credit card next month. This is part of the bank's endeavour to increase its non-fund based revenue. SIB ...
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OVERSEAS INVESTMENTS
Kotak Bank plans overseas expansion
May raise Rs 300 crore as Tier II capital
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ALLIANCES & JOINT VENTURES
Abu Dhabi company to lend $1 b for power projects
Infrastructure Leasing signs framework pact with TAQA
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EVENTS
`Competitiveness key factor for success of a bank'
Competitiveness is a key factor for the success of a bank, according to Prof P.S. Zacharias, Vice-Chancellor of Goa University. A Corporation Bank release said here on Tuesday that Prof Zacharias was speaking at the corporate award ceremony, ...
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