| 'We plan to buy partner's stake in insurance JV' | 04-NOV-09 |
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| It’s rare for a company chief to sign results of two competing entities in a span of one week. KR Kamath, now chairman and managing director of Punjab National Bank (PNB), announced the second-quarter results of Kolkata-based Allahabad Bank before moving to New Delhi for his new assignment where he declared PNB’s results. Kamath shares his views on business environment and opportunities with Abhijit Lele. |
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| Alarm raised over lack of funding for NBFCs | 23-OCT-09 |
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| Pointing to the liquidity problems that non-banking financial companies (NBFCs) faced during last year’s financial crisis, the Reserve Bank of India (RBI) said NBFCs lacked access to low-cost funding, leading them to resort to unsecured loans to build their asset base. |
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| RBI: Onus of fraud probe, management on banks | 17-SEP-09 |
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| The Reserve Bank of India (RBI) has directed that the fraud risk management and fraud investigation function of a bank must be owned by the bank's chief executive officer, its audit committee and the special committee of the bank's board for high-value frauds. |
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| 3rd party ATM curbs to trouble customers | 01-SEP-09 |
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| The Reserve Bank of India’s (RBI’s) decision to end the free run at automated teller machines (ATMs) is going to come with a lot of troubles for bank customers. The only thing that’s clear is the October 15 deadline for the end of free third-party ATM use. |
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| Credibility of borrowing scheme may help lower costs | 28-AUG-09 |
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| With the government announcing a huge borrowing programme for 2009-10 at Rs 4.51 lakh crore, the Reserve Bank of India today said debt managers need to ensure transparency in order to ensure investors were not taken by surprise which might help lower cost of borrowing. |
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| Worrying sign: Value of fake notes up 183 per cent | 28-AUG-09 |
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| Despite various measures taken by the Reserve Bank of India (RBI) to curb the menace of counterfeit notes, the value of such currencies detected by RBI offices and branches of various banks has gone up by 183.14 per cent in the last one year. |
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| Low usage leads to extension of special funding facilities | 22-APR-09 |
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| With comfortable liquidity conditions and soft lending rates, banks have had very few occasions to use the Reserve Bank of India’s (RBI’s) refinance window for providing funding support to mutual funds (MFs), housing finance companies (HFCs) and exporters. |
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| Geetanjali Krishna: Tree-huggers of the desert | 21-MAR-09 |
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| It was about noon and we were roughly 30 kilometres from Jodhpur. The wind was blowing, and so was the sand. Instead of driving faster to reach our destination before a full-fledged sand storm developed, our driver slowed down. I waited for a bit, and then asked him to speed up. “I can’t,” he said, gesturing towards what I thought was a herd of goats, “I don’t want to hit any deer here!” I realised to my surprise, that the ‘goats’ were actually black bucks, grazing peacefully. “Are we in a reserved forest or a national park?” I asked. “Neither,” replied the driver, “we’re in Bishnoi land. And the animals know they’re safe with the protectors of the flora and fauna of the desert. |
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| Skoda launches new 'Superb' | 12-MAR-09 |
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| Skoda Auto India has rolled out a fully refurbished version of its sedan ‘Superb’ in the Indian market. Priced at Rs 18.88 lakh (ex-showroom, Delhi), the new model is powered by a 1.8-litre, 160-BHp petrol engine. |
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| PW revamps structure to refurbish image | 06-MAR-09 |
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| In a damage control move, Price Waterhouse, the external auditor of Hyderabad-based Satyam Computer Services, has set up a new advisory board and appointed a new quality assurance and risk management head. |
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| Soft bed, softer battle | 06-MAR-09 |
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| One public sector chief is learnt to have has spent Rs 13 lakh on refurbishing his house. This includes Rs 5 lakh for a bed and Rs 3 lakh for a sofa set. Another Rs 5 lakh were paid to a Vaastu Shastra consultant so that good vibes flow freely within the house. But he could not be faulted for overspending, because he floated a tender for the two pieces of furniture and the consultant’s services. As is the practice in the public sector, the orders were given to the lowest bidders. |
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| Panel for civil service option after class XII | 19-JAN-09 |
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| The second Administrative Reforms Commission (ARC), which is headed by Veerappa Moily, has suggested formulating a three-year course for students who have completed Class 12 to train civil service aspirants. |
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| A recipe for refurbishing brand Satyam | 11-JAN-09 |
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| Is it possible to refurbish a brand that has been sullied with a Rs 7,800 crore fraud? One can’t be sure, but to attempt this, the campaign ought to stress on integrity and action, say three of |
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| ITC Hotels to manage Fortune Select Manohar | 23-DEC-08 |
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| Hyderabad-based Sri Shakti Resorts and Hotels Limited on Monday launched Fortune Select Manohar, the refurbished The Manohar, at Begumpet, which will now be managed by Fortune Park Hotels Limited |
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