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MONEY & BANKING
FARM CREDIT
Banks concerned about price volatility in farm lending
Referring to prices sent by commodity futures exchanges
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FOREX
Rupee firm against dollar
The rupee was firm against the greenback on Thursday on good dollar inflows into the market. The currency opened at 44.09/10 and closed at 44.10/11 against Wednesday's 44.11/12. Dealers said the rupee ranged between 44.08 and ...
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INFORMATION TECHNOLOGY
Soft launch of trade finance pilot project
The Indian Banks' Association (IBA) launched a pilot project on trade finance using the structured financial messaging system (SFMS). This system is presently confined to payment and settlement systems applications such as real time gross ...
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CONSUMER FINANCE
`Good demand for loans to buy solar energy systems'
Solar energy has caught the fancy of banks as an area to enhance their loan portfolio. With the government encouraging banks to offer loans for solar energy systems counting this as priority lending in an effort to popularise renewable energy ...
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RBI & OTHER CENTRAL BANKS
Watch it, World Bank
The World Bank had better watch out. After battling the Left parties and non-governmental organisations (NGOs) in India, it has run up against a formidable critic this time. At an Indo-American Chamber of Commerce meeting in the capital recently, ...
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PRIVATE BANKS
ICICI opens first branch in Madikeri
Now has 41 branches in the State
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FINANCIAL INSTITUTIONS
New initiative launched in infrastructure financing
IDFC, Citi, IIFCL and Blackstone Group come together
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INTEREST RATES
ICICI Bank's new home loans may be costlier
`No immediate plans to raise PLR, now at 14.75%'
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Three banks hike prime lending rates
Syndicate Bank on Thursday announced that it has increased its benchmark prime lending rate by 50 basis points to 12.25 per cent per annum. The increase which would come to effect from February 16, will result in the increase of interest rate ...
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GOVT BONDS
Bond prices gain 45 paise
After losing more than Rs 2 in the past few days, bond prices gained 45 paise today on the back of cut in domestic fuel prices and value buying (traders closed short positions and took fresh positions). Prices gained despite ...
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G-secs in lieu of recap bonds get SLR tag
The Government stocks issued in lieu of nationalised banks' recapitalisation bonds will count as eligible investment for Statutory Liquidity Ratio. "This step will provide additional liquidity to public sector banks and help them meet the ...
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SHORT TERM INSTRUMENTS
Call rates fall
Some banks borrowed Rs 11, 910 crore from the RBI under the repo facility while a few others parked surpluses of Rs 6,770 crore with the central bank under reverse repo. In between, call rates slipped to close at 6.25 - 6.50 ...
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ALLIANCES & JOINT VENTURES
HDFC Bank partners Italian bank
HDFC Bank has signed a memorandum of understanding with an Italian bank, Banca Monte dei Paschi di Siena, to offer banking services to each other's corporate customers engaged in business activity in their respective countries. The two banks ...
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EVENTS
Banking reforms meet on Saturday
The Corporation Bank Officers' Organisation (CBOO), which is affiliated to the All-India Bank Officers' Confederation (AIBOC), will conduct a symposium on `Whither reforms in banking?' in Mangalore on February 17. Addressing presspersons here on ...
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