| 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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| 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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| FII-TO-FII TRADES: PNB traded at 7% premium | 20-NOV-09 |
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| Trades between FIIs generated a volume of Rs 29 crore on the BSE Thursday-an increase of 40.27% from Rs 21 crore clocked on Wednesday. As many as five stocks witnessed trades of 6.44 lakh shares on Thursday. |
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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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| UBI says no rules violated | 18-NOV-09 |
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| State-owned Union Bank of India on Tuesday said it followed all norms while accepting the Rs 982-crore deposits from an alleged frontman of Madhu Koda, former chief minister of Jharkhand, who is facing charges of money laundering. |
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| FII-TO-FII: Grasim Ind traded at 4% premium | 17-NOV-09 |
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| Trades between FIIs generated a volume of Rs 63 crore on the BSE Monday-an decrease of 12% from Rs 72 crore clocked on Friday. As many as four stocks witnessed trades of 9.14 lakh shares on Monday. |
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| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues. |
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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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| Union Bank faces probe in Koda case | 14-NOV-09 |
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| Authorities investigating a disproportionate assets case against former Jharkhand chief minister Madhu Koda will start questioning top officials of the Union Bank of India tomorrow regarding funds deposited in the bank’s Zaveri Bazaar branch here. |
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| FII-TO-FII TRADES: PNB traded at 6% premium | 14-NOV-09 |
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| Trades between FIIs generated a volume of Rs 107 crore on the BSE Friday-an increase of 39.82% from Rs 77 crore clocked on Thursday. As many as seven stocks witnessed trades of 20 lakh shares on Friday. |
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| Koda effect: Union Bank CMD summoned by I-T | 13-NOV-09 |
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| The Income Tax (I-T) department will on Monday question the Union Bank of India Chairman and Managing Director (CMD) why the bank did not do the due diligence while accepting deposits of more than Rs 991 crore from an alleged frontman of former Jharkhand Chief Minister Madhu Koda. |
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| MP: IT-enabled financial inclusion process tardy | 11-NOV-09 |
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| Bankers and the state government are yet to gel with each other to hasten the process of opening of electronically-operated bank accounts of the labourers under the government-sponsored schemes like National Rural Employment Guarantee Scheme. On one hand, the state IT department has urged the government to include those non-government organisations which are working with it for its ambitious information technology project to provide better governance, while on the other, bankers want those NGOs to be registered under Section 25 of the Companies Act. |
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