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Wednesday, November 30, 2005
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MONEY & BANKING

FOREX


Rupee recovers; longs see demand
MUMBAI: The rupee recovered its losses against the dollar on Tuesday, tracking gains of the euro. Strong foreign institutional investor inflows (FII) also facilitated the gain. The domestic currency opened firm at 45.85/86, up from ... More

FINANCIAL PERFORMANCE


Manappuram Finance co's H1 net up 56 pc
MANAPPURAM General Finance and Leasing Ltd, the flagship company of the Thrissur-based Manappuram group, has registered an increase of 56.1 per cent in its net profit during the first half of the current fiscal. The company has posted an after ... More

Centurion Bank of Punjab posts Rs 21-cr net
CENTURION Bank of Punjab posted net profit of Rs 20.9 crore for the quarter ended September 30, 2005, against Rs 5.26 crore in the corresponding quarter last year, due to increase in low cost deposits and other income. (The figures for the ... More

SOFTWARE


Saudi bank chooses Finacle
BANGALORE: Infosys on Tuesday said that Arab National Bank (ANB) has chosen its core banking solution `Finacle' to power its aggressive focus on the burgeoning retail banking market in Saudi Arabia. "The decision of ANB, an existing ... More

LIFE INSURANCE


ICICI PruLife opens branch in Bahrain
The new office will meet the insurance needs of non-resident Indians in Bahrain through ICICI Prudential's range of products. The Bahrain office will be used to service the company's existing customers and also serve as a hub for all ... More

HUMAN RESOURCES


Banks tie up with colleges to design specific courses for students
FACED with a shortage of experienced hands even as they expand services and products, banks are forced to tie up with colleges to offer courses specific to banking. The banks are assured of a ready pool of candidates suited to their requirements ... More

PRIVATE BANKS


ICICI Bank targets farmers with customised products
The bank is placing `farmer relationship managers' at taluka levels to develop special products for the farmers. More

ICICI Bank issue price band fixed at Rs 505-545
ICICI Bank has fixed a price band of Rs 505-545 per share for its public issue of shares through the book building route opening on December 1, an ICICI Bank spokesperson said. The bank is raising Rs 5,750 crore( including a green shoe option ... More

MONETARY POLICY


US monetary policy: Discretion vs valour?
Competition, not costs, drives prices. Much of the work of a central bank is now done by the market. More

MERGERS & ACQUISITIONS


Canara Bank open to M&As
CANARA Bank is open to mergers and acquisitions as a part of its growth strategy and would actively look out for opportunities whenever they arise, its Chairman and Managing Director, Mr M.B.N. Rao, has said. Addressing newspersons on the eve ... More

PEOPLE


P.S. Prasad is CEO, Dhanalakshmi Bank
KOCHI: Mr P.S. Prasad has assumed charge as Managing Director and Chief Executive Officer of Dhanalakshmi Bank with effect from November 26. Mr Prasad has over 24 years of banking experience with the State Bank of India and ICICI Bank ... More



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In Depth

Gender Justice
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Looking back
Nov. 20-Nov. 26
Two cos offer insurance cover for wheat crop

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IRDA favours FDI at 49 pc

RBI cautions banks on higher market risk


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