| Banking regulation prime concern: Fed | 22-NOV-09 |
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| Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter. |
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| PNB may acquire majority stake in Kazakh bank | 21-NOV-09 |
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| Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in Central Asia, its Chairman and Managing Director K R Kamath said here today. |
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| IFCI plans to offload stake in 16 firms | 20-NOV-09 |
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| IFCI, the Delhi-based non-banking finance company, plans to sale stake in 16 companies across the sectors, including, iron and steel, granite, hotels, food and electronics. |
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| Strange but true | 20-NOV-09 |
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| RBS/Lloyds: The UK’s two big state-owned banks may be in for a re-branding. Royal Bank of Scotland and Lloyds Banking Group could end up being the country’s largest private equity firms. |
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| Union Bank may raise $500 mn overseas | 19-NOV-09 |
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| Union Bank of India is planning to raise $500 million through bonds by the end of this financial year to fund its global operations. The money would be raised under its medium-term note (MTN) programme from the overseas market by March. |
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| Better times ahead for banking sector | 19-NOV-09 |
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| Better times are ahead for the banking sector as a revival in economic activity coupled with inflation is likely to boost credit growth in the second half of current financial year, says a study. |
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| Barclays opens Hyd branch | 19-NOV-09 |
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| Barclays Global Retail Banking (GRB), India, the retail banking business of financial services provider Barclays, is evaluating possible targets for mergers and acquisitions to accelerate its growth in the country. It has been growing at two branches a year in the last three years, according to interim managing director and chief operating officer Ram Gopal. |
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| Pandit will continue with $1 salary | 18-NOV-09 |
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| Vikram Pandit, the India-born chief executive of Citigroup, will continue to take the salary of $1 a year, although the financial services firm has raised base salaries for two of its senior officials. |
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| Rupee gains 8 paise to 46.22 vs $ | 18-NOV-09 |
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| The Indian rupee today inched higher by 8 paise to 46.22 against the US dollar in early trade on expectations of fresh capital inflows by foreign funds into Indian bourses. |
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| Better times ahead for banking sector | 17-NOV-09 |
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| Better times are ahead for the banking sector as a revival in the economic activity coupled with inflation is likely to boost the credit growth in the second half of current financial year, says a study. |
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| Banks need 12 lakh biz correspondents for rural area | 16-NOV-09 |
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| The Indian Banking sector needs at least 12 lakh business correspondents to work in rural areas to bring six-lakh villages of the country into banking arena, Krishna Mohan, regional director, Reserve Bank of India (RBI) said here today. |
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| Resistance seen around 16,940 | 15-NOV-09 |
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| Barring intra-day corrections, the market displayed a firm trend throughout the week. The Sensex rallied 4.27 per cent (691 points) to end at 16,849. IT, metals and select banking stocks were the major gainers during the week. |
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| Two key finance Bills to miss Winter session | 14-NOV-09 |
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| While the Life Insurance Corporation (Amendment) Bill and the Insurance Laws (Amendment) Bill are already pending in Parliament, the other four are the Pension Fund Regulatory and Development Authority Bill, the State Bank of India (Amendment) Bill, the State Bank of India (Subsidiary Bank Laws) Amendment Bill and the State Bank of Saurashtra (Repeal) Bill. |
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