MONEY & BANKING
FINANCIAL SERVICES
Course in Actuarial Management
The ICFAI Business School, Mumbai, (IBS-M) in collaboration with DS Actuarial Education Services has launched a one-year postgraduate diploma course in Actuarial Management. The course, which would commence in August this year, ...
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FOREX
Forex reserves increase by $952 m
Foreign exchange reserves have increased by $952 million for the week ended June 30, due to a rise in foreign currency assets. In the previous week, reserves had declined in excess of $1 billion. According to the Reserve Bank of India's Weekly ...
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Rupee gains marginally
The rupee gained marginally to reach 46.05/06, tracking the movement of dollar against other global currencies. It opened at 46.11 and moved within the range of 46.11-46.12, to finally close at 46.05/06. On Thursday, the rupee ...
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LIFE INSURANCE
Max New York Life targets Rs 1,000-cr new biz premium
Hopes to break even by 2008; to infuse Rs 350 crore by March 2009
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FINANCIAL POLICY
Govt reluctant to clear AICIL expansion move
Corporation had sought permission to extend reach of farm risk cover product
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CREDIT RATING
Crisil puts TN units on rating watch
Crisil has placed the outstanding ratings of `A+(so)' on the Tamil Nadu Government- guaranteed bonds of the Tamil Nadu Electricity Board and Tamil Nadu Industrial Development Corporation on `Rating watch with negative implications'. The ...
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DEBT MARKET
Bond prices fall; sentiment negative
In the bond market, prices fell and sentiment continued to be negative. Traded volumes were at Rs 535 crore on the order matching system. Dealers said that the reduction in the G-sec auction amount from Rs 10,000 crore to Rs ...
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PRIVATE BANKS
South Indian Bank board okays hike in FII limit
The board of South Indian Bank has approved a proposal to increase the FIIs stake in the bank's equity to 49 per cent, up from the 24 per cent that they are permitted to hold at present. The FIIs current holding in the bank is slightly over 20 ...
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Moratorium on Ganesh Bank extended
The Government has extended the period of moratorium on Ganesh Bank of Kurundwad till October 6, according to a press release from the Reserve Bank of India. "The moratorium has been declared in public interest, in the interest of the ...
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GOVT BONDS
7 States to sell loans
Seven State Governments have announced the sale of 10-year State Development Loans 2016, for Rs 1,683.324 crore, through a yield-based auction using multiple price auction method. Andhra Pradesh has announced the sale of loans ...
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CREDIT MARKET
Union Bank Q1 loan growth at 34 per cent
No plans to hike lending rates for now, says CMD
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Indian Bank chief speaks in defence of bankers
`We do not want to give money to a person who does not deserve credit within our risk framework'
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Bank credit increases by Rs 12,601 cr
Gross bank credit increased by Rs 12,601 crore and stood at Rs 15,23,168 crore for the fortnight ended June 23, according to Reserve Bank of India's Weekly Statistical Supplement. The gross bank credit was inclusive of food ...
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SHORT TERM INSTRUMENTS
Call rates remain flat
Call rates remained the same between 5.75 and 5.85 per cent. In the first three-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 32 bids amounting to Rs 33,910 crore and in the second three-day ...
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FIXED DEPOSITS
Andhra Bank to focus on low-cost deposits
Aimed at sustaining growth, Andhra Bank has decided to focus on low-cost deposits during the current fiscal, according its Executive Director, Mr Kalyan Mukherjee. Addressing bank customers and the media on his visit to Guntur on Wednesday, Mr ...
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TRADE & LABOUR UNIONS
RBI staff plan dharna
The employees and officers of the Reserve Bank of India are on a war path in protest against the central Bank management's alleged indifference to their demands which include, among others, improvement of family pension and ...
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