MONEY & BANKING
DIVIDEND ANNOUNCEMENT
Bank of India to pay 20 pc interim
Bank of India has declared a 20 per cent interim dividend payable on December 20. The warrants or ECS payments will be posted on December 30. For 2005-06, the bank had paid a 30 per cent dividend. The capital adequacy of the bank ...
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COURTS/LEGAL ISSUES
No pension to VRS optees sans `qualifying service'
An employee, before opting to go on a `voluntary retirement scheme' (VRS) in force in an organisation, ought to have verified whether he/she was eligible for pension under the statutory pension scheme. Once he had given an option to go on VRS, he ...
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FOREX
Rupee firms up by nine paise
The rupee gained by almost nine paise on Tuesday on good dollar supplies in the market. "In the earlier part of trading, nationalised banks were seen selling dollars," said a dealer at a private bank. FII inflows into the ...
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GENERAL INSURANCE
Coir Board considering health insurance plan
Coir Board is considering introduction of a health insurance scheme for coir workers, Mr A.C. Jose, Chairman of the Board, has said. Speaking at a function organised as part of handing over the cheque to Oriental Insurance Company towards the ...
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CREDIT RATING
Coal India's long-term debt programme gets AAA rating
Crisil has reaffirmed AAA rating for Coal India Ltd's (CIL) long-term debt programme and P1+ for its short-term debt. This is the second consecutive year that CIL has achieved this feat. Incidentally, Crisil has upgraded its rating on CIL's ...
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DEBT MARKET
Bond prices range-bound
Bond prices were range-bound and total traded volumes on the order matching system were Rs 5,390 crore (Rs 8465 crore). Dealers said profit-booking following Monday's rally caused prices to fall. The improvement in liquidity ...
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PRIVATE BANKS
ICICI Bank opens 3 rep offices abroad
ICICI Bank on Tuesday opened its representative offices in Thailand (Bangkok), Indonesia (Jakarta) and Malaysia (Kuala Lumpur), extending its reach to 17 countries. "These offices aim to promote cross border interests of Indian companies, who ...
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YES Bank partners UNEP-FI
YES Bank has partnered with United Nations Environment Programme-Finance Initiative (UNEP-FI) to promote linkages between environment, sustainability and financial performance. It is the first Indian bank, which has become a signatory to ...
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Karnataka Bank Chennai head
Mr K.G. Ramesh Rao, Assistant General Manager of Karnataka Bank's Mangalore regional office, has been promoted as Deputy General Manager and he will head the Chennai regional office, according to a bank release here on Tuesday. ...
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INTEREST RATES
Fed cut in sight
US data not encouraging
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CREDIT MARKET
Banks cut back lending to realty, retail sectors
`Rejig of portfolio will not impact credit expansion'
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SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates ruled unchanged between 6.1 per cent and 6.2 per cent. In the first one-day reverse-repo auction under LAF, the RBI received and accepted eight bids for Rs 3,595 crore. There were no repo bids. In the second one-day ...
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ALLIANCES & JOINT VENTURES
Lakshmi Vilas in pact with Western Union
The Karur-based Lakshmi Vilas Bank Ltd has tied up with Western Union Financial Services for offering global money transfer facility to its customers. The Bank has entered into an agreement with Weizmann Forex Ltd, the primary agent of Western ...
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OUTLOOK
Car insurance premiums poised for sizeable drop
Insurers gear up for free price regime from January
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