MONEY & BANKING
REGIONAL RURAL BANKS
Shift tack for boosting business, RRBs told
Get into non-fund businesses, raise CD ratio to 80%: Panel
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FOREX
Forex reserves up by $3.1 b
Mumbai, July 27 The country’s forex kitty swelled by $3.087 billion to $222.043 billion for the week ended July 20 on continuous RBI intervention in the forex market and revaluation of non-dollar currencies, especially the euro against ...
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Rupee surge needs to be checked: FICCI
The President of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mr Habil Khorakiwala, today said “if the rupee appreciation is not checked in the next three to six months and this continues for a year or more, it ...
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Rupee sheds 15 paise against dollar
The rupee depreciated against the dollar tracking the weakness of other major currencies (against the dollar) and the domestic stock market. The domestic currency opened at 40.50 and was range bound between 40.45 and 40.52. It finally closed the ...
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FINANCIAL PERFORMANCE
J&K Bank posts 33.4% growth in net profit
New Delhi, July 27 J&K Bank on Friday reported a 33.44 per cent increase in net profit for the quarter ended June 30 to Rs 83.24 crore compared with Rs 62.38 crore recorded in the same period last year. Interest earned for the ...
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Federal Bank Q1 net climbs 66%
Kochi, July 27 Federal Bank’s net profit grew by 66 per cent to Rs 66.94 crore (Rs 40.18 crore) during the first quarter of the current fiscal. Operating profit rose 65 per cent to Rs 188.43 crore (Rs 113.73 crore). Spurred by ...
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Karnataka Bank net up at Rs 51.8 cr
Driven by net interest income and higher yield on advances
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IOB not to enter stock broking
Launches syndication desk to help customers with huge loans
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HOUSING FINANCE
HDFC’s special offer for NRIs
In an effort to help NRIs in buying homes, HDFC has opened special counters at its offices in Coimbatore, Erode, Palakkad and Salem. Trained counsellors would help the customers in property search, explain the different products available and ...
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PUBLIC SECTOR BANKS
Central Bank public issue subscribed by 62 times
Mumbai, July 27 The initial public offering of Central Bank of India was subscribed 61.94 times. Bids were received at lower end of the price band of Rs 85 – 102. A total of 495.4 crore bids were received against the issue size of 8 ...
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Andhra Bank relaunches Kiddy Bank
Children are the future of the country and nurturing them on the right path is society’s commitment to the future, said Mr Kalyan Mukherjee, Executive Director of the Andhra Bank, here on Friday while relaunching the bank’s Kiddy Bank ...
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Grand Vitara launched in Vizag
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Andhra Bank ATM inaugurated
An on-site ATM of Andhra Bank was inaugurated at the bank branch in the engineering college of Andhra University on Friday by the Chairman and Managing Director, Mr K. Ramakrishnan. With the inauguration, the number of ATMs rose to 22 in city and ...
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GOVT BONDS
Bond prices down 25 paise
Bond prices fell by around 25 paise as dealers were cutting their positions ahead of the review of the Monetary Policy on Tuesday next. Total traded volumes on the order matching system were around Rs 4,095 crore (Rs 5,010 crore). Dealers said ...
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MONETARY POLICY
Tweaking of CRR in order, feel economists
Thiruvananthapuram, July 27 Leading economists are not too sure if the Reserve Bank would announce a hike in rates in the July 31 monetary policy, but they believe that a tweaking of the cash reserve ratio (CRR) would be in order. ...
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CREDIT MARKET
Banks do a nice balancing act
Loans match deposit maturity profiles broadly
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SHORT TERM INSTRUMENTS
Call rates remain firm
The inter bank call rate ended unchanged at 0.2-0.3 per cent. In the first three-day reverse repo auction, the RBI received 44 bids for Rs 86,110 crore while it accepted Rs 1,993 crore. In the second three-day reverse repo auction, the RBI ...
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