MONEY & BANKING
FOREX
Forex reserves rise $3 b
Mumbai, Jan 25 The accretion to the country’s foreign exchange kitty continued, as reserves increased by $3.169 billion to $284.898 billion, for the week ended January 19. The rise is mainly due to the central bank buying dollars in ...
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Rupee higher on FII selling
The rupee closed about 10 paise higher against the dollar on Friday as foreign institutional investors sold dollars and the stock market gained. The rupee opened at 39.39/40 and closed at 39.36/37, against the previous close of 39.46/47. ...
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INSURANCE
Insurance fortnight in bank
Insurance fortnight is being observed in the local branch of Dhanalakshmi Bank here from Thursday, according to a press release issued by Mr K. Satyanarayana, Senior Manager. It was inaugurated by Mr P. Krishna Prasad, of the Pydah Engineering ...
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FINANCIAL PERFORMANCE
ING Vysya Q3 net jumps 198%
ING Vysya Bank’s net profit jumped 198 per cent for the third quarter of the current financial year to Rs 42.75 crore.A bank release said that the increase was partly driven by exceptional revenues of Rs 18.38 crore from sale of a ...
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Higher provisioning pulls down UCO Bank’s Q3 net
Awaits go-ahead for capital restructuring proposal
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RBI & OTHER CENTRAL BANKS
FICCI, CII pitch for rate cut
Taking a cue from the US Federal Reserve which cut the interest rates by 75 basis points, the Fedearation of Indian Chamber of Commerce and Industry and the Confederation of Indian Industry have urged the Reserve Bank of India to signal ...
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PUBLIC SECTOR BANKS
CorpBank branch in Madhapur
Corporation Bank has opened its 23rd branch in the twin cities of Hyderabad and Secunderabad at Arunodaya Colony, Madhapur here with an on-site ATM. The branch was inaugurated by Mr B. Krishna Murthy, Vice-President, Wipro Technologies, in the ...
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GOVT BONDS
Bond prices fall
Bond prices fell by around 20 paise as sentiment was lacklustre and volumes were thin due to limited participation from banks. Total traded volumes on the order-matching system were at Rs 5,040 crore (Rs 12,000 crore). Public sector banks and old ...
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CORPORATE BONDS
PNB to raise Rs 1,500 cr more by March
Tier-II capital issue planned
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SHORT TERM INSTRUMENTS
Call rates close at 6-6.10%
The inter bank call rates closed at 6-6.10 per cent (7.80-7.90 per cent). In the three-day reverse-repo auction under the Liquidity Adjustment Facility, there were four bids for Rs 11,650 crore and in the repo-auction there were five bids for Rs ...
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OVERSEAS INVESTMENTS
Federal Bank opens office in UAE
Federal Bank opened its first overseas representative office in Abu Dhabi recently . The office was inaugurated by Mr Vayalar Ravi, Union Minister for Overseas Indian Affairs. Mr M. Venugopalan, Chairman of the bank, said with the opening of the ...
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TRADE & LABOUR UNIONS
Bank strike affects clearing operations
IBA sticks to stand on demands
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ALLIANCES & JOINT VENTURES
SBI ties up with Japanese bank
Mumbai, Jan. 25 State Bank of India has tied up with Mizuho Corporate Bank of Japan for offering loan syndications, trade finance, off-shore fund raising, derivative products, infrastructure co-financing and other services. According to ...
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