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| Koda scam forces banks to tighten cash norms | 22-NOV-09 |
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| The recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said. |
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| 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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| All that Jazz | 22-NOV-09 |
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| It’s that time of the year, when jazz musicians from around the world gather in India, tune their instruments, and begin to jam. Kicking off the season is Jazz Utsav ’09, organised by Seagram’s 100 Pipers and Capital Jazz in Mumbai, Delhi and Bangalore over this weekend. |
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| PSUs to lose out on interest | 21-NOV-09 |
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| Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates. |
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| Bank stocks rise on merger talk | 21-NOV-09 |
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| The stocks of domestic banks on Friday saw a spike of between 0.72 per cent and 13 per cent on reports that top state-run banks were warming up to the consolidation idea. |
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| RBI proposes fund for urban co-operative banks | 18-NOV-09 |
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| A panel set up by the Reserve Bank of India (RBI) has recommended the setting up of an emergency fund to help urban cooperative banks (UCBs) tide over liquidity problems. In addition, it has proposed that a national-level umbrella organisation be set up to provide ATM, investment banking and cash management services to these entities. |
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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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| Public sector banks roll out the red carpet for MBAs | 16-NOV-09 |
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| When he took over as the chairman of Union Bank, M V Nair was one of the youngest entrants to the corner office of a public sector bank. So it’s natural that Nair didn’t think twice before rewriting the rules of the recruitment game for his bank. |
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