MONEY & BANKING
REGIONAL RURAL BANKS
Rural bank with a difference
TO become a deposit holder in this bank, all you require is Rs 10. Thereafter, you can keep saving any amount depositing on a daily basis or at your convenience. The money thus deposited in savings bank account will fetch one per cent more than ...
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INSIGHT
PSBs: Capital needs force rethink
BONDS continue to be volatile. After the giddy rise from 5.25-per cent levels to 6.7 per cent in about six weeks, 10- year yields crashed to 6.05 per cent in just five trading sessions last week. This despite the none-too-friendly data last ...
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FOREX
Bonds recover; rupee unchanged
MUMBAI: Bond prices recovered lost gains on Tuesday with crude prices showing signs of easing and a significant bout of buying interest in the market. Dealers said although sentiment was dampened marginally following the observations and ...
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NBFCS
Peerless to seek easing of curbs on investment pattern
PEERLESS General Finance & Investment Company (Peerless) will make representation to the Reserve Bank of India for relaxation of its policy clamping new restrictions on the company's investment pattern. According to RBI, Peerless will be ...
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HOUSING FINANCE
SBH raises fixed housing loan rates by 25 bps
CLOSE on the heels of State Bank of India (SBI) hiking the interest rate on housing finance, its associate bank, State Bank of Hyderabad (SBH) has decided to increase the fixed interest rates on housing loans by 25 basis points across the ...
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Mini-ratna status for Hudco
THE Government has conferred mini-ratna status to Housing and Urban Development Corporation Ltd (Hudco). Hudco was incorporated in 1970 as a fully-owned Government company under the Companies Act, 1956, with the main objective of financing ...
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LIFE INSURANCE
Coimbatore LIC division scores on Bima Plus
The Coimbatore division has on the whole registered a growth rate of 264 per cent.
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GENERAL INSURANCE
New India Assurance profits jump 130 pc to Rs 4,046 cr
NEW India Assurance Company Ltd has recorded a gross direct premium of Rs 4,045.68 crore for the financial year ended 2003-04 as against Rs 3,921.24 crore in the previous year. Net profit jumped by 130.47 per cent to touch Rs 590 crore (Rs 256 ...
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INTERVIEW
`Factoring services lack legal protection'
WHILE foreign banks eye `factoring' as the future finance product for India, corporates operating in this space for the last 13 years are not quite upbeat about the prospects, despite sensing the potential. "The industry has been moving at ...
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Cross Currency Rates
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