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Corporation Bank starts officer induction programme
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The Corporation Bank has commenced the induction programme of newly recruited assistant managers of the Bank.
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Reserve Bank of India takes measures to arrest rupee slide
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The Reserve Bank of India (RBI) has risen to defend the rupee through market intervention and measures to attract dollars after the domestic unit fell by as much as 47 paise against the greenback in intra-day trade.
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Reserve Bank of India reaches out to NRIs to lift rupee
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Buffetted by a sliding Indian rupee and surging dollar demand for imports, the Reserve Bank of India on Friday eased some curbs to attract dollars from NRIs and scrapped the interest rate
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Rupee drops 5 paise to 52.70 vs dollar
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The rupee dropped 15 paise to 52.70 against the US dollar in late morning trade on month-end demand for the American currency from importers.
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Cabinet okays weak banking bill
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A day after finance minister Pranab Mukherjee spoke of speeding up reforms, the Union Cabinet approved a watered down Banking Bill, strengthening the perception that the government had diminished appetite for liberalization.
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Rabobank sells 3.4% in Yes Bank
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The Netherlands-based Rabobank on Thursday sold about 3.4% stake in the private sector lender Yes Bank for about Rs 453 crore. Rabobank sold 1.26 crore shares of Yes Bank for Rs 357.03 a piece through
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RBI warns of `13-cr fraud
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The Reserve Bank of India has told a large number of banks to look closely at any credit facilities they have given to Kolkata-based business conglomerate Baid Group, after serious fraud allegations were made against the group.
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Punjab & Sind Bank to hire 1,700 officers, clerks
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Punjab and Sind Bank has notified the recruitment of 900 probationary officers and 800 clerks.
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Allahabad Bank to launch 148 ultra small branches
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Allahabad Bank plans to launch 148 ultra small branches across the country to provide banking services to the unbanked population.
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Re snaps 2-day losing streak; up 18 paise vs dollar
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Snapping its two-day losing streak, the rupee recovered by 18 paise to 52.50 against the US dollar in late morning trade today on fresh selling of the American currency by banks and exporters in view of weak global cues.
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Federal Bank cuts base rate by 0.20% to 10.45%
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Kerala-based Federal Bank today cut its base rate or the minimum lending rate by 0.20 per cent to 10.45 per cent following last week’s RBI reduction in the key policy rate.
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Banks cut rates despite liquidity fears
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Three more lenders-Union Bank of India, Central Bank and Corporation Bank--have reduced their lending rate following Reserve Bank of India's signal for cheaper funds.
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Citibank pays Rs 950 crore for 3L sq ft in Mumbai
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Citibank has signed the biggest commercial office space deal in the country, shelling out Rs 950 crore for about 3 lakh sq ft spread over six floors in a 12-storey building in the Bandra-Kurla Complex.
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TMB to cut deposit rates by 50 bps
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Tamilnad Mercantile Bank is to effect a 50 bps cut in its domestic term deposit rates across different maturity periods from April 30.
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RBI's lifeline: Aviation sector can borrow abroad for working capital
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The RBI has allowed companies in the sector to resort to External Commercial Borrowing (ECB) for working capital purposes.
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HDFC, Wells Fargo launches US-India remittance service
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HDFC Bank and Wells Fargo, a diversified financial firm, have joined hands to enable NRIs in the United States to quickly remit money to beneficiary's HDFC Bank savings account in India.
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Canara Bank to effect rate cuts shortly: CMD
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Top public-sector lender Canara Bank will follow its peers in lowering both credit and deposits rates very shortly, Bank Chairman and Managing Director S Raman today said.
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PTC India Financial raises ECB worth USD 25 mln
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PTC India Financial Services (PFS) today said it has raised 25 million dollars in overseas loans for financing power projects.
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Union Bank of India cuts interst rates
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The Union Bank of India today a announced realignment of its deposit rates following a half a per cent cut in the Repo Rate by the Reserve Bank of India in its annual credit policy
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HDFC Bank, Wells Fargo tie up for fund transfer facility
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HDFC Bank has entered into a tie-up with Wells Fargo to enable US-based NRIs to remit funds online or through phone to their beneficiaries in India.
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Rupee sheds 29 paise to 52.79/dollar
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The rupee lost 29 paise to 52.79 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.
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Union Bank cuts base rate by 15 bps
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Union Bank of India has reduced its base rate by 15 basis points from 10.65 per cent to 10.5 per cent, according to a release filed with the Bombay Stock Exchange.
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RBI's policy rate cut will ease pressure on banks' loan quality: Moody's
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The RBI's move to ease the monetary policy and provide greater access to liquidity are credit positive as they support banks at a time of increasing loan quality and liquidity pressures, said Moody's.
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Kotak Mahindra Bank revises Base Rate
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Private sector lender, Kotak Mahindra Bank has revised the Base Rate, lowering it by 25 basis points from 10.00 per cent per annum to to 9.75 per cent per annum
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Banks cashing in on the 'golden' week
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Gold glitters the most on Akshaya Tritiya day, at least for some banks!
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