| Bank rates go down in spite of RBI signal | 23-NOV-09 |
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| The Reserve Bank of India’s second quarter monetary policy review signalled an exit from the central bank’s accommodative stance, leading many to believe that interest rates would move in only one direction – north. |
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| US markets end weak; Mahindra Satyam plunges 9% | 27-OCT-09 |
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| US markets fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares was under the pressure from the higher U.S. dollar. |
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| Abheek Barua: What if Subbarao hikes policy rates tomorrow? | 26-OCT-09 |
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| If Reserve Bank of India (RBI) Governor D Subbarao follows the global trend in taking his rate decision in tomorrow’s monetary policy, then he is unlikely to hike. While there are certainly more hawks perched on monetary policy committees of central banks around the world now than a couple of months ago, the doves still have the upper hand. |
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| SBI raises $750 mn via medium-term notes | 21-OCT-09 |
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| The country’s largest lender, State Bank of India (SBI), today raised $750 million (around Rs 3,500 crore) in the overseas market through five-year bonds as part of its medium-term note programme (MTN). |
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| The worst is behind | 19-OCT-09 |
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| HDFC Bank and Axis Bank delivered another quarter of robust profit growth that was in line with expectations and was partly helped by other income. |
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| HDFC Bank: Robust other income | 15-OCT-09 |
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| The bank may not be able to reap higher trading gains in the coming quarters as yields have started firming up. |
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| Nucleus' FinnOneTM powers HDFC BANK loan portfolios | 12-OCT-09 |
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| Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, announced today that their flagship product FinnOne™, 'World's Number 1 Selling Lending Software Product'*, has been successfully supporting and delivering operational excellence and strengthening rapid business growth at country's leading bank HDFC Bank, India. |
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| Free ATM era ends tomorrow | 12-OCT-09 |
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| Customers will be offered five free third-party withdrawals per month from savings accounts and will be charged from the sixth transaction onwards. |
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| The numeric ranking | 28-SEP-09 |
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| Just like performance cycles, time triads are the basis for numeric ranking. |
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| Sahil Group offers fixed deposit schemes | 01-SEP-09 |
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| Real estate developer and hospitality services provider Sahil Group has announced two fixed deposit schemes for general investors. The scheme, spanning over a period between one year and three years, would pay interest at 11 per cent to 12.5 per cent per annum, a press release issued by the Sahil Group stated. |
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| Core sector growth slumps to 1.8% | 27-AUG-09 |
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| Hopes of a recovery waned today, with data for output growth of six core industries dropping to 1.8 per cent in July, the lowest in the current financial year, and significantly behind a 6.8 per cent growth in June and 5.1 per cent in July last year. |
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| Take part-payment: Subhiksha to creditors | 06-AUG-09 |
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| The Chennai-based retail chain ran out of money several months earlier and has suspended operations since then. It had, as reported earlier, after inconclusive negotiations on restructuring its debt, filed a ‘scheme of compromise’ petition as allowed under the Companies Act. |
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