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MONEY & BANKING
FINANCIAL MARKETS:
Rupee pares early gains, but ends higher at 46.66
More market players look to hedge receivables on currency futures platform. Mumbai, Oct. 7 The rupee extended its gains for the fourth consecutive trading session, appreciating by 22 paise against the dollar ...
FINANCIAL MARKETS:
Rupee rallies against euro, yen too
The wall of liquidity that has been inundating the Indian financial market over the last few weeks has made the rupee appreciate not only against the dollar but against other currency majors such as the euro, the pound and the yen ...
FOREX:
The rupee rises
On Wednesday morning the rupee rose to 46.49 against the dollar, and then slipped 0.3 per cent; at 46.77 it was still the strongest against the dollar since last September just before the Lehman Brothers crash. The immediate cause could be found ...
OUTLOOK:
Stress test finds Indian banks resilient
The Indian banking system is expected to remain resilient even under rigorous stress assumptions on both asset quality and profitability during the financial year ended March 2010 and the financial year 2011, says a Fitch Ratings ...
FIXED DEPOSITS:
UBI hikes FCNR, NRE deposit rates
United Bank of India revised interest rates on FCNR (B) and NRE rupee deposits across various tenures effective from October 1, according to a press statement issued by the bank. In case of FCNR (B) deposits, the interest rates on dollar deposits ...
LIFE INSURANCE:
Birla Sun Life trims charges
Birla Sun Life Insurance has announced a reduction in fund management charges for existing as well as new customers, on all its pure equity funds. While complying with the Insurance Regulatory and Development Authority guidelines of capping ...
GENDER:
SBH opens all-women branch
State Bank of Hyderabad has opened a specialised all-women branch at Charminar here. Ms Renu Challu, Managing Director of the bank, formally inaugurated the branch on Tuesday. “This would facilitate any woman customer to transact the ...
ALLIANCES & JOINT VENTURES:
Dept of Posts inks pact with fund managers
New Delhi, Oct. 7 The Department of Posts has signed an agreement with UTI Asset Management Co Ltd and SBI Fund Management Ltd for operationalisation of investment of accretion to Post Office Life Insurance Fund (POLIF) and Rural Post ...
CREDIT MARKET:
Spurt in credit uptake in Q2
Mumbai, Oct. 7 Banks have made a final dash to the second quarter-end finish line by disbursing Rs 47,198 crore in the fortnight ended September 25 as against Rs 18,374 crore disbursed in the ...
RBI & OTHER CENTRAL BANKS:
Plea to open satellite centres of RBI at Kozhikode, Ernakulam
Kochi, Oct.7 The Syndicate Bank Staff Association (SBSA) has raised the demand that Satellite Centres of the RBI be opened in Kozhikode and Ernakulam to address shortage of fresh currency ...
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