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| Inflation to drive future action | 28-OCT-09 |
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| The policy review is an emphatic assurance that the central bank is watching, calibrating and now definitely timing for a quantitative exit road map. The hike of 100 basis points in the statutory liquidity ratio, which was reduced to 24 per cent after the global financial crisis last year, is the harbinger of changing headwinds, making India the second G20 to economy to underline a move towards monetary tightening. |
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| Yes Bank: Fee Income boosts profits | 26-OCT-09 |
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| Booming markets have bucked Yes bank’s profits this quarter with non interest income up 88.8% y-o-y, in the second quarter of FY10. Fee income constituted nearly 48% of total net income for the first half of this year. |
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| Crucial support at 4,950 | 26-OCT-09 |
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| The market eased down after hitting new 2009 highs. The Nifty hit an intra-day top of 5,181 before slipping to close the week at 4,997.05 points for a loss of 2.82 per cent. The Sensex lost 2.95 per cent to close at 16,810 points. The Defty was down 3.4 per cent with the dollar firming slightly against the rupee. |
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| Yes Bank net up 76% | 22-OCT-09 |
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| Buoyed by a 90 per cent growth in non-interest income, private sector lender Yes Bank reported a 75.6 per cent growth in net profit to Rs 111.7 crore for the quarter ended September 30 from Rs 63.6 crore in the corresponding quarter of the previous year. |
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| Yes Bank to raise $150-200 mn through QIP | 21-OCT-09 |
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| To shore up its capital adequacy and also to fuel its growth, private sector Yes Bank plans to raise $150-200 million before the end of the current fiscal, a senior official said today. |
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| Yes Bank net rises 76% at Rs 112 cr | 21-OCT-09 |
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| Yes Bank posted 76 per cent jump in its consolidated net profit for the second quarter of current financial year with the help of rapid growth in its non-interest income. |
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| SKS Micro gets CARE rating | 13-OCT-09 |
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| City-based non-banking finance company, SKS Microfinance, has been rated PR1+ SO by Credit Analysis and Research Limited (CARE) in accord with its securitised portfolio worth Rs 137 crore with YES Bank. |
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| Yes Bank signs 20 mn euros loan agreement | 09-OCT-09 |
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| New-generation private sector bank, Yes Bank, has signed a loan agreement with development finance institution DEG, under which it will borrow a 5-year loan of euros 20-million. |
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| Analysts' corner | 21-SEP-09 |
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| Cost reduction at Mahindra & Mahindra’s auto parts business, Systech over the past one year is expected to reduce Systech’s breakeven level and help it to take advantage of any rebound in European commercial vehicle production. |
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| Inflation turns positive after three months | 18-SEP-09 |
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| Primary articles, especially food items, pushed the headline inflation rate, as measured by the wholesale price index (WPI), into positive territory at 0.12 per cent for the week ended September 5, after staying in the negative for 13 weeks. |
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